Five Strategies to Achieve World-Class Preventive Maintenance
A step-by-step process ensures better results, reliability.
Plant Engineering, July/August 2015
More than ever, manufacturers must focus on establishing preventive maintenance programs as a base to build upon their competitive strategy within the market. After all, premium performance of production equipment drives profitability and can transform an organization’s operational success.
To ensure high performance, manufacturers should focus on implementing a world class preventive maintenance program, which occurs when organizations spend 90% or more of their time on preventive maintenance without requiring the machinery to be taken offline.
A focus on preventive maintenance benefits the organization in a number of ways. First, it significantly reduces the costs associated with maintenance. Breakdown maintenance costs can be as much as five times higher than the same activity done in a planned fashion, and that doesn’t even take into account the revenue loss from decreased product inventories.