Which maintenance strategy focuses on reducing the total cost of ownership?

Total Productive Maintenance (TPM) is centered on reducing the total cost of ownership by enhancing the overall efficiency of equipment and maintenance processes. The strategy emphasizes proactive maintenance practices that seek to maximize equipment availability and reliability while minimizing downtime and costs associated with repairs and replacements.

TPM involves everyone in the organization, from operators to management, in maintaining equipment, which leads to improved quality and production efficiency. By focusing on continuous improvement and the active participation of all employees, TPM helps identify and eliminate inefficiencies, ultimately driving down costs associated with maintenance and ownership.

In contrast, other strategies like predictive maintenance, corrective maintenance, and reactive maintenance may lead to increased costs over time due to their reliance on varying degrees of scheduled or unplanned interventions, which do not focus as comprehensively on ownership costs as TPM does.