What is Preventive maintenance?
Preventive maintenance is proactive maintenance that is performed regularly at predetermined intervals to prevent asset failure and unplanned downtime. The preventive maintenance program is then a critical part of maintaining any business's assets as it ensures the optimal equipment performance in the long term. In fact, properly caring for the health of your business's assets can help to reduce not only equipment maintenance costs but for your business overall. If your business has been relying on reactive maintenance for your equipment, you should consider switching to a preventive maintenance strategy.
Benefits of preventive maintenance:
Prevent Major Repairs
Prevent major repairs by implementing preventive maintenance. Using software programs like computerized maintenance management system, and routine preventative maintenance schedules will require fewer major repairs on your equipment. The fact is that all maintenance issues get worse over time, and the longer an issue goes unfixed, the more damage it can cause. Relying on reactive maintenance will then result in performing maintenance less frequently. However, this will likely also result in your equipment breaking down and requiring costly, complex repairs. It can be quite frustrating to have your equipment breakdown only to find out that what could have been a minor fix is now a significant problem. Preventive maintenance allows you to address small issues over time, which can prevent major problems and make maintenance less expensive and easier to handle in the long-run.
Extend the Life of Assets
One of the most important reasons to invest in preventive maintenance is that this can help to extend the usable life of your assets. When equipment is neglected and not properly maintained, this can drastically decrease its lifespan. While many people will neglect proper maintenance to save money, the fact is that this can have the opposite effect. The time and money you invest in maintaining your equipment will extend its life, which can save you a great deal of money in the long run, as you will not have to replace it as frequently as you otherwise would.
Reduce Maintenance Costs
In general, there is often a misconception that preventive maintenance will cost a lot of money and is an unnecessary expense. However, proactive, preventive maintenance generally has the opposite effect. It has been proven to lower equipment maintenance costs by allowing you to catch small issues before turning into major problems. Investing in regular, low-cost maintenance and repairs can help ensure that your equipment does not require more expensive repairs down the road. It can save you a great deal of money over time by preventing you from having to replace costly equipment prematurely as well as help with Inventory Optimization.
Relying on reactive maintenance instead of investing in preventive maintenance can cause costly delays and reductions in productivity. Should you wait until an asset shows signs of problems or breaks down altogether, before you perform necessary maintenance, you may find that a crucial piece of equipment becomes unusable for a significant period of time. This can mean a substantial drop in productivity, which could result in significant delays, loss of contracts, and a dip in revenue. Therefore, creating and implementing a preventive maintenance strategy may seem like an unnecessary expense. Yet, preventive maintenance should be viewed as a cost-saving investment in your company's future stability.
Not only can unexpected breakdowns cause decreases in productivity, but a lack of regular maintenance can also cause your equipment to slow down over time. After continual use, all equipment and devices will begin to deteriorate in functionality, making them less efficient and less reliable. While the deterioration is usually slow enough that you are not likely to notice significant changes in your equipment, it is likely that you will eventually see a drop in production. However, much of this deterioration can be avoided by investing in a proper preventive maintenance plan and scheduling work orders at the right time. By taking proper care of your equipment you can slow down this deterioration process, which can help you to maximize productivity.
Perhaps the most crucial reason to invest in preventive maintenance is to enhance the safety of your facilities. Equipment failures can not only mean expensive repairs but also be very dangerous. Depending on the type of equipment, a catastrophic failure could also cause bodily harm to you and your employees. For instance, should a worn hose that pumps hazardous materials suddenly fail, this could seriously injure a nearby operator. This would not only cause damage to facilities and halt production. You would also be leaving yourself open to being sued by your employees due to your negligence. Preventive maintenance is then a necessity to ensure that you maintain a safe and efficient work environment.
As you can see, proper preventive maintenance program for your equipment is essential to ensure that your assets work efficiently and safely. Furthermore, a proactive approach to maintenance will help to save you money on equipment repairs and replacement. However, planning a preventive maintenance schedule and determining when and what needs to be done can be extremely difficult. You will have to track data manually to determine when servicing needs to be performed based on time and usage data. This is where Enterprise Asset Management (EAM) tools can prove to be essential for many businesses.
An EAM software can help you plan, track, and optimize your maintenance activities. It can help to ensure that proactive maintenance is performed as necessary to keep your equipment running at optimal levels. If your company does not use maintenance scheduling software yet, you may be surprised how it can ease your daily tasks. Contact us to learn more about Enterprise Asset Management software and how we can help you manage your maintenance plans better.
Learn about different maintenance strategies in Dynaway EAM: