Value Potential
As systems get more costly, and instrumentation and information systems tend to become cheaper and more reliable, CBM becomes an important tool for running a plant or factory in an optimal manner. Better operations will lead to lower production cost and lower use of resources. And lower use of resources may be one of the most important differentiators in a future where environmental issues become more important by the day.
A more down to earth scenario where value can be created is by monitoring the health of your car motor. Rather than changing parts at predefined intervals, the car itself can tell you when something needs to be changed based on cheap and simple instrumentation.
It is Department of Defense policy that condition-based maintenance (CBM) be "implemented to improve maintenance agility and responsiveness, increase operational availability, and reduce life cycle total ownership costs".
Read more about this topic: Condition-based Maintenance
Famous quotes containing the word potential:
“And what is the potential man, after all? Is he not the sum of all that is human? Divine, in other words?”
—Henry Miller (1891–1980)
“It can be fairly argued that the highest priority for mankind is to save itself from extinction. However, it can also be argued that a society that neglects its children and robs them of their human potential can extinguish itself without an external enemy.”
—Selma Fraiberg (20th century)