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Utilizing Asset Criticality Analysis

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An effective preventive maintenance program for assets, equipment, and tools is crucial to optimizing production and profitability. However, with hundreds or thousands of assets to maintain, each with numerous variables, what is the most effective way for an organization to rank critical assets? Where do manufacturers begin to determine what are their most critical assets? Faced with a challenging and rapidly evolving market, manufacturers are under constant pressure to do more with less, requiring them to prioritize certain assets over others.


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