GRUNDY, Va. -- K-VA-T Food Stores here has reduced maintenance costs 15% to 20% this year by replacing individual service contracts for certain equipment, such as slicers and scales, with a fully insured asset-management program based on time and materials spent on repairs. The program is handled by an asset-management company, which combines all maintenance contracts under one insurance policy, thereby spreading the risk over a broad base of equipment. K-VA-T pays the administrator of the ...

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