What are the pros of equipment strategy approach?
The major advantages of equipment strategy approach is that it is helps in reducing the overall cost of operation while the firm which follows the equipment strategy approach boasts the overall productivity of the plant. It is basically a maintenance plan, therefore, management sometimes views it as an expense, however, in the long run, it increases the efficiency and the production capacity of the firm is enhanced by the help of equipment strategy approach. The strategy helps the firm to reduce its dependency on the labor; therefore it actually increases and improves the production capacity of the firm. It also helps in eliminating the number of manpower that is required in some situations.............................
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