Maintenance Strategy Development Within Sme's: The Development of an Integrated Approach

Baglee, David; Trimble, Robert; MacIntyre, John

doi:10.3182/20081205-2-cl-4009.00040

Cited by 18 publications

(23 citation statements)

References 7 publications

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“…The manufacturing process implemented in the smallest entities is characterized by high labor-intensity and low capital expenditure, therefore, the machinery park of such enterprises is usually universal and flexible in changes in the direction of production [ 75 ]. Therefore, enterprises of this sector retain high flexibility in responding to the changing demand of customers and more often respond to individual customer needs [ 76 ].…”

Section: Resultsmentioning

confidence: 99%

Risk Assessment of the SME Sector Operations during the COVID-19 Pandemic

Grondys

Ślusarczyk

Hussain

et al. 2021

IJERPH

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The subject matter of the article relates to the assessment of the perception of selected types of risk in economic activities of the SME sector, which change their intensity as a result of the outbreak of the COVID-19 pandemic. The current economic downturn is unprecedented and involves many companies and industries that have faced new, previously unknown challenges and threats. The objective of the article is to identify the most important risks and their resources based on the empirical research carried out in small and medium-sized enterprises in Poland. The formulated objective was accomplished using the data collection method, i.e., the survey and reports on the condition of the SME sector in Poland as well as statistical data analysis methods, i.e., structure index and the analysis of variance, using the SPSS system. The process of primary data collection was carried out by means of an electronic survey among selected enterprises of the SME sector, conducting business activities in Poland. In the study, the employment factor was taken into account as a determinant of the perception and assessment of the intensity of selected risks arising from the economic activity in the Polish market in the conditions of the current economic downturn. On the basis of the obtained results, the impact of market, economic, financial and operational risks, depending on their intensity, on the functioning of micro-, small and medium-sized enterprises was identified. Based on the analysis of variance, the effect of the size of the company on the level of individual risks was also examined. As a result of the observations made, it was established that, during the pandemic, the level and type of risk is similar in all the surveyed enterprises. They are most often threatened by strong competition in the industry, an increase in energy prices and insufficient profit. The overall results of the empirical research indicate the importance and the need to manage the key threats to the Polish SME sector.

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Section: Resultsmentioning

confidence: 99%

Risk Assessment of the SME Sector Operations during the COVID-19 Pandemic

Grondys

Ślusarczyk

Hussain

et al. 2021

IJERPH

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“…turning data to business information, where suitable data penetration and analytics software or techniques, so-called middleware is highlighted instead (Wang et al 2008). There is a trend to generate more value from an array of ubiquitous sensors utilizing the IoT which will have the ability to monitor and measure the assets, the operators, the business and the environment in which they work (Baglee and Knowles 2010). As IoT technologies are altogether a novel approach, the field remains somewhat unclear, which creates a need to carry out research especially from an industrial asset management perspective.…”

Section: Introductionmentioning

confidence: 99%

Internet of Things in Asset Management

Kinnunen

Ylä-Kujala

Marttonen-Arola

et al. 2018

International Journal of Service Science, Management, Engineering, and Technology

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The emerging Internet of Things (IoT) technologies could rationalize data processes from acquisition to decision making if future research is focused on the exact needs of industry. This article contributes to this field by examining and categorizing the applications available through IoT technologies in the management of industrial asset groups. Previous literature and a number of industrial professionals and academic experts are used to identify the feasibility of IoT technologies in asset management. This article describes a preliminary study, which highlights the research potential of specific IoT technologies, for further research related to smart factories of the future. Based on the results of literature review and empirical panels IoT technologies have significant potential to be applied widely in the management of different asset groups. For example, RFID (Radio Frequency Identification) technologies are recognized to be potential in the management of inventories, sensor technologies in the management of machinery, equipment and buildings, and the naming technologies are potential in the management of spare parts.

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“…Via the application of TPM it is also expected to be possible to raise the moral of employees and their satisfaction from the job, suggesting the integration of workers into every aspect of the applied TPM. The majority of generally accepted definitions in TPM, used in (Barnes, 2002;Baglee, 2003;Baglee, 2010), are based on five main pillars outlined by Nakajima.…”

Section: Introductionmentioning

confidence: 99%

Significance of the Predictive Maintenance Strategies for SMEs

Monov

Nikov²,

Doukovska

et al. 2014

Proceedings of the Fourth International Symposium on Business Modeling and Software Design

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The predictive maintenance is key to long-term profitability of a company in the manufacturing sector it can have a big impact on the supply, quality and price. The main methods are Total Productive Maintenance (TPM) and Reliability Centered Maintenance (RCM) and they must satisfy the requirements of the various small and medium-sized enterprises (SMEs). The paper identifies the barriers to the implementation of TPM within SMEs. Based upon our analysis a methodology for an integrated management system for predictive maintenance or the Advanced Integrated Maintenance Management System (AIMMS) is presented. The results presented in this paper show that AIMMS supports strategic decisions for predictive maintenance and it helps increase the equipment effectiveness by prioritizing the criticality of the equipment focusing on specific resources, increasing profits based on the Return On Investment (ROI). 276Hadjiski M., Doukovska L., Kojnov S., V. Monov V. and G. Nikov V. Significance of the Predictive Maintenance Strategies for SMEs.

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Maintenance Strategy Development Within Sme's: The Development of an Integrated Approach

Cited by 18 publications

References 7 publications

Risk Assessment of the SME Sector Operations during the COVID-19 Pandemic

Risk Assessment of the SME Sector Operations during the COVID-19 Pandemic

Internet of Things in Asset Management

Significance of the Predictive Maintenance Strategies for SMEs

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