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Factors to be Considered when Purchasing, Using, Maintaining and Monitoring the Condition of Plant and Equipment for Promoting Sustainable Development

Author:

S. M. Ratnaweera

CINEC, Millennium Drive, IT Park, Malabe, LK
About S. M.
Consultant Management System
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Abstract

It has been found that a vast majority of organizations in this country do not have proper guidance about monitoring their plant and equipment in order to enhance productivity. First of all there should be a guide line for the selection and purchase of plant & equipment. There after we should know how to use them correctly, and also how to maintain and monitor their condition periodically. Without introducing such arrangements, most organizations suffer in their business activities and incur heavy losses. Only a few organizations have any clear idea of the factors that have to be taken into consideration when purchasing plant and equipment and other related issues. As we all know the need of the current era is sustainable development which means the development that meets the needs of the present without compromising the ability of future generations to meet their own needs. Accordingly, we have to consider the three factors namely the economy, environment and society when we purchase plant and equipment for our organizations.
How to Cite: Ratnaweera SM. Factors to be Considered when Purchasing, Using, Maintaining and Monitoring the Condition of Plant and Equipment for Promoting Sustainable Development. CINEC Academic Journal. 2017;2:73–6. DOI: http://doi.org/10.4038/caj.v2i0.59
Published on 30 Dec 2017.
Peer Reviewed

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