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A general term designating an item or group of items capable of performing a complete function.
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- Asset managementRefers to any system that monitors and maintains things of value to an entity or group. The practice of managing assets to achieve the greatest return (particularly useful for productive assets such as plant and equipment), and the process of monitoring and maintaining facilities systems, with the objective of providing the best possible service to users. The coordinated set of activities to ensure the delivery of value derived from physical assets.
- Hazardous materialAny item or substance that, due to its chemical, physical, toxicological, or biological nature, could cause harm to people, equipment, or the environment.
- ComponentWithin a product, system, subsystem, or equipment, a component is a constituent module, part, or item.
- Predictive maintenance Techniques used to estimate the condition of in-service equipment to determine when to perform maintenance, providing a means to optimize preventative maintenance and equipment use while avoiding unwanted downtime.
- Preventative maintenanceAll actions performed in an attempt to retain an item in a specified condition by providing systematic inspection, detection, and prevention of incipient failures. Preventive maintenance provides a means to avoid unwanted downtime or equipment failures.
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