Maintenance Management in Innovative Electronic Corporation

This presentation discusses the maintenance management in Innovative Electronic Corporation and the importance of preserving assets. It covers the objectives of the maintenance department, the effectiveness of current maintenance objectives, and leading and lagging KPIs. The presentation also includes information about the company's mission and vision, as well as the process flow and asset units.

M a i n t e n a n c e M a n a g e m e n t
I n n o v a t i v e E l e c t r o n i c C o r p o r a t i o n

I n t r o d u c t i o n
• Assets represent ownership that can be eventually turned into cash and cash
equivalents (Davies et al, 2017).
• The common types of assets include those resources that are owned and
controlled by corporations.
• Physical assets are classified into tangible and non-tangible assets (Liwski and
Gebel, 2018).
• Maintenance of these assets is the responsibility of the maintenance
department
• Each unit of the assets is categorized and evaluated based on the classification.

M a i n t e n a n c e o f A s s e t s
• Almost 50% of the firms all over the world, have established maintenance department in the
organization
• The department is responsible for the preservation, repair, as well as maintenance of the
machineries, equipment as well as system that is used for the functioning of the assets.
• Assets that forms vital part of process flow of an organization include gearbox, factory
machines, electro motors and others machineries and equipment.
• Assets required to be maintained throughout their lifetime are crucial for the sustenance of the
company as well

P r o c e s s F l o w a t I n n o v a t i v e E l e c t r o n i c C o r p o r a t i o n
• Assets are the valuable component for an organization which allows it
to process and function effectively.
• Loss of single apparatus might cause obstruction or hindrance in the
overall functioning (Crespo Márquez et al, 2016).
• Most significant assets of Innovative Electronic Corporation include
printing machine, plating machines, etching machine, laminating
matching, image transfer equipment, delivery vehicles, gear box,
billing machine, processing machine, solder mask printing appliance,
pressing machine, cash handling appliance, engine and electro motors,
tin stripping appliance, lead stripping appliance

Continued
• The physical assets are directly linked to the operational process of the company
• 10 most critical assets of the firm involve machineries and equipment directly
related to the production process
• Printing, laminating, plating and drilling machine, etching machine, laminating
appliance, solder mask printing appliance, gear box and electro motor
• Appropriate strategies are implemented so as to maintain the above crucial
assets.

A s s e t U n i t
• Asset units is used to describe the asset and its type
• The most significant unit is the quantity of assets that are used for the process
flow
• Asset units are the value which is assigned to each asset of the firm
• Based on these units, the type of assets can be determined
• Different units include Kilogram, number of units, etc.

Factors for Replacing or Repairing
Complex Reachable Item (CRI)
• Most complex reachable item is gear box which is of immense use in the factory
• Gear boxes serve as the fundamental asset of the firm
• It supports the significant functions of the companies
• Making decisions with regard to the replacement or repairment of the complex
reachable items is difficult task (White, 2015).
• Gears used for specified actions in the process flow are generally kept into the gear
boxes.

Contd
• The cost of repairing of gear box is generally found to be proportionate to the
replacement cost.
• The proportionality makes it difficult for decision making
• The cost of replacement and cost of repairing is compared to each other to make
repairing or replacement decision (Yang et al, 2017).
• Quality of the activities help to take such an essential step (Yang et al, 2017).

C o n t r o l l i n g t h e R o t a b l e s
• Rotables are units or part of assets removable from that unit of property
• Rotables forms a significant part for the organization
• It merely encompasses repairs as well as replacement of the parts of the physical assets rather than replacemen
• Purpose of the organization is to maintain operational systems
• Innovative Electronic Corporation performs analytical method to distinguish between rotables or replaceables
• Controlling the rotables involve three major steps (figure)
• The company use inventory management system to know about the items required
• Equipment necessary for controlling the rotables are taken into consideration
• Rebuilding process is continued for repairing and managing the rotables.

M i s s i o n o f I n n o v a t i v e E l e c t r o n i c C o r p o r a t i o n
• The company is highly focused on developing long-term relationships with the
customers
• Ensures continuous quality improvement through ongoing investment in the
development of people and in leading edge technologies (Innovative Electronic
Corporation, 2018).
• To position itself as an extension of its customers' operations
• The organization focuses on high quality and responsive electronic services results in
partnerships (Innovative Electronic Corporation, 2018).

V i s i o n o f I n n o v a t i v e E l e c t r o n i c
C o r p o r a t i o n
• The vision of the company is to become one of the leading contract producers
of PCB assemblies in North America (Innovative Electronic Corporation,
2018)
• The corporation has strived to attain excellence through its innovation, quality
control, as well as customer service.
• Management of the firm strives to build and maintain strong relationships with
its customers
• Management assist the team to become successful in an ever-changing climate.
• The organization has developed long-term relationships with its customers

O b j e c t i v e s o f t h e M a i n t e n a n c e
D e p a r t m e n t o f t h e C o m p a n y
• The objectives of the maintenance department are subject to the attainment of the
corporate goals
• Management ensures maximum efforts of the people for attainment of objectives
• Ensure the extensive availability of production equipment, utilities and associated
facilities
• The availability of equipment and utilities at optimal cost
• Principle of preventive maintenance is anticipation (Gârleanu and Pedersen, 2018)
• The maintenance department anticipates about the failure of any equipment or
machineries
• This is done to become proactive towards implementing vital strategies

F o r m a t o f M a i n t e n a n c e O b j e c t i v e s
• Objectives have not been written in the using SMART format
• Objectives necessary to be re-written using SMART method to improve its maintenance
management.
• New objective will be to ensure maintenance of the tangible (physical) assets of the firm
• Enables the assets to perform with 100% accuracy.
• A regular check on the management system of the physical assets on monthly basis
• Ensure uninterrupted process flow

E f f e c t i v e n e s s o f C u r r e n t
M a i n t e n a n c e O b j e c t i v e s
• The company has been able to decrease its equipment downtime
• The maintenance system has caused reduction major repairs in machineries
• Reduction in obstacles and hindrances in process flow
• Better conservation of the vital assets with increased life expectancy
• Elimination of the premature replacement of equipment and machineries
• No consideration of system maintenance of back office department.
• The objective does not consider the preventive measures with regard to the
equipment and machineries
• The objective does not consider the utilities used for the process flow.

L e a d i n g a n d L a g g i n g K P I ’ s
Leading KPI’s
• Reliability of assets
• Quality and speed of execution
• Maintenance cost
Lagging KPI’s
• Prediction of failure
• Anticipating the failures is a skill-based task which consumes a lot of time

C o n c l u s i o n
• The maintenance department is responsible and accountable for preservation of the assets of an
organization.
• cost of regular maintenance is very small in comparison to the cost of a major breakdown
• Maintenance department ensures that all equipment and is operating at 100% effectiveness at all
times
• The maintenance and repair workers fix and also preserve mechanical equipment, machines and
apparatus
• The maintenance department of the company has well performed its operation
• Effectiveness of maintenance department led to the success of the organization as a whole.

R e f e r e n c e L i s t
• Crespo Márquez, A., Moreu de León, P., Sola Rosique, A. and Gómez Fernández, J.F., 2016. Criticality Analysis for Maintenance Purposes: A Study for Complex In‐service
Engineering Assets. Quality and Reliability Engineering International, 32(2), pp.519-533.
• Davies, S.P., Johnson, L.E. and Lowensohn, S., 2017. Ambient influences on municipal net assets: Evidence from panel data. Contemporary Accounting Research, 34(2),
pp.1156-1177.
• Gârleanu, N. and Pedersen, L.H., 2018. Efficiently inefficient markets for assets and asset management. The Journal of Finance, 73(4), pp.1663-1712.
• Innovative Electronic Corporation, 2018. About us. [online] Available at: http://www.innovelectronics.com/electro-mechanical-assemblies.php [Accessed 3 January 2018]
• Liwski, R.S. and Gebel, H.M., 2018. Of cells and microparticles: assets and liabilities of HLA antibody detection. Transplantation, 102(1S), pp.S1-S6.
• White, L.J., 2015. Industrial concentration and economic power in Pakistan. Princeton: Princeton University Press.
• Yang, Y., Liu, Y., Cao, S. and Cheng, Y., 2017. A method of evaluating water resource assets and liabilities: A case study of Jinan City, Shandong Province. Water, 9(8),
p.575.