Posted on 04/08/2015
By Lora Mays, Product Marketing Manager
Near zero downtime for your production equipment can become a reality with the right processes in place. Today’s market demands near optimal operations for manufacturing firms, which can overextend your equipment and cause issues if you aren’t taking care of them appropriately.
While it may seem like taking your equipment down for maintenance may drain your budget more than if you kept it running, think again. Check out these 5 ways that preventive maintenance helps to reduce unscheduled downtime and helps you operate at peak performance:
Let’s talk about your car and its maintenance. If you don’t routinely change the oil, it won’t be a big deal – at first. However, as the car ages and needs a bit more care, the effects of neglecting oil changes will compound and start to impact your car’s performance and your budget.
Preventive maintenance on your production equipment is similar. If you skip your PMs at first, it might not seem like that big of a deal – but it can significantly impact the quality and length of life of the equipment over time. Make sure you are spending the time and conducting the inspections that you need for your machinery, no matter how basic it may seem.
It’s easy to give a piece of equipment a once-over during a routine preventive maintenance check. Even if you are inspecting only one piece of the equipment, this close focus can help you identify developing issues well before they become full-fledged disasters that take the equipment offline.
Once you start a regular preventive maintenance routine, you have access to essential data about the machine and its performance. As a result, you have data to help drive your decisions. Deciding to replace an asset requires a huge investment from the company. Using data gathered from PMs can assure you when it’s the right decision.
That cantankerous machine in the corner? It may seem like there’s no solution to its ornery tendencies, but after a closer look, you can gather some insight into why it performs the way it does. Perhaps you need to do maintenance on it every 300 hours rather than every 500, or maybe there’s a defective part that needs to be replaced.
With an established preventive maintenance program, you have the opportunity to see these performance issues and understand their causes – allowing you to fix them before they become catastrophic to your operations.
If nothing else motivates you to start a preventive maintenance program, do it to cut your maintenance costs. The cost of repairing broken-down equipment is up to 5 times the cost of the same repair done in a planned manner before failure. On top of that, it can significantly drive up your costs if you don’t have the part you need on hand, or if you have to take the equipment out of production for longer than expected. Preventive maintenance means money saved on emergency expenses.
See how much you can cut your costs with our ROI calculator.