by Suzy Hitchcock, ICML, Aug. 2014 | A key principle of asset management, as described in the recently published ISO 55000 standard, is fitness for purpose. This is the objective or intent of continuous improvement: failure elimination and prevention. As such, fitness for purpose is a primary attribute of any asset management program and can be applied to all levels of asset management, including lubrication…
Article linked here with permission of “Machinery Lubrication Magazine”