5 Benefits Of Preventive Maintenance Strategy
Preventive maintenance entails taking the appropriate measures and procedures to avoid accidents or equipment breakdowns before they occur. It includes doing routine company and equipment inspections, cleaning and repairing necessary equipment, and maintaining the cleanliness of your company’s grounds. Preventative maintenance averts equipment failure and reduces the risk of accidents before they occur. Taking precautions to ensure that your business is secure allows you and your staff to concentrate on improving what is already working rather than fixing what isn’t. You risk losing output and rising costs if you rely on postponed maintenance.
Extend the life of the asset
The most crucial benefit of preventative maintenance is that assets have a longer lifespan. Maintaining your equipment in excellent working order helps it run for extended periods, cutting costs. Facilities managers utilize the MTBF (Mean Time Between Failures) to make educated maintenance choices. Maintaining data such as MTBF allows you to arrange preventative maintenance at the most opportune moment, catching the equipment before it breaks down. The impact of a robust downtime tracking system is that 78 percent of businesses that track and perform preventative maintenance say their equipment’s lifespan has increased.
Boost productivity
Equipment that receives frequent preventative maintenance can last longer and functions more efficiently. Overall Equipment Effectiveness, or OEE, is a typical maintenance management KPI (Key Performance Indicator) for determining efficiency. The availability, performance, and quality of equipment are all factors considered by OEE. Preventive maintenance improves the overall performance of a piece of equipment like an HVAC unit (Heating, Ventilation, and Air Condition).
Reduced chance of breakdowns
Another significant advantage of preventative maintenance is a lower likelihood of malfunctions. In reality, most of the advantages described here are essentially due to a decreased chance of breakdown. Waiting until anything breaks before maintenance puts your institution at risk of lost production and a tarnished image. Only around 10% of industrial equipment ever genuinely wears down due to appropriate use, which implies that 90% of mechanical failures are due to preventable problems. By planning maintenance ahead of time, you may drastically minimize the risk of your equipment failing, giving you peace of mind as a facility manager.
Reduced chance of breakdowns
Machine downtime is unavoidable when it’s time for maintenance, regardless of whether you choose reactive or preventative maintenance. However, by planning ahead of time, you may dramatically limit downtime. In reactive maintenance fixes, waiting times for experienced personnel or the delivery time of critical components may increase the machine’s downtime. After you execute preventative maintenance, you have the option of scheduling the process at a time that is suitable for you and your facility (for example, when tenants have left the building or activities have ended for the day), reducing production and efficiency disruptions.
Spend less
All the above considerations point to one ultimate benefit of preventative maintenance saving money. Unplanned maintenance costs 3 to 9 times as much as planned maintenance. The expense of expedited shipment on vital machinery components, compensation for expert staff, and lost sales or productivity while the equipment is not in use must all be accounted for in emergency reactive maintenance budgets.
