Preventative maintenance (PM) is a maintenance strategy that is designed to keep equipment running. It’s scheduled and performed on a regular basis to prevent failures. PM involves checking for and correcting any problems with the equipment.
In most cases, preventative maintenance is done by an on-site service technician or team of technicians who respond when equipment fails or begins to malfunction. Preventative maintenance can also be done remotely by having a third party send out technicians to check up on your equipment periodically.
Preventative maintenance is an essential part of all industrial operations, and it can have numerous benefits. Below are some of the most significant advantages that you can enjoy when you make it a regular part of your business’ maintenance schedule:
By following an effective preventative maintenance programme and performing regular inspections, you can ensure that equipment operates as it should. If a problem is detected early enough, it will be easier to fix and less expensive than if it was ignored until equipment broke down completely.
Preventative maintenance can help you decrease unplanned downtime, reduce high repair costs, increase productivity and improve safety. It also helps to reduce environmental impact by decreasing the amount of waste produced by machinery.
The benefits of preventative maintenance are not limited to the asset itself. If your company is able to extend the lifespan of its assets, you’ll find that it will be able to avoid costly replacements and repairs. This can result in increased efficiency, decreased overhead costs and lower labor costs.
Preventative maintenance helps extend the life of your fleet by preventing premature wear-and-tear through regular inspection and repair services before they fail completely. Instead of waiting until something breaks down before fixing it, preventative maintenance allows you to fix things before they break.
When an asset is less efficient, it means that more time and resources are required to produce the same amount of output. This increases costs, which can lead to profit loss.
Preventative maintenance improves efficiency because there are fewer breakdowns or malfunctions in your operations due to poor maintenance practises. When everything runs smoothly, productivity will increase as well!
4. Save Money
Preventative maintenance can also save you money. This is perhaps the most obvious benefit—the more regularly your machinery is serviced, the less likely you’ll need to replace broken parts or pay someone else to fix it when something goes wrong. In addition to reducing downtime, early detection of issues can prevent further damage and even save lives if there were ever an emergency situation.
You’ll reduce maintenance costs later on down the road with regular service agreements (SAs). If preventive measures aren’t taken regularly with machines or equipment, they’re likely going to suffer from wear and tear over time due to normal use—and eventually break down entirely so that they need expensive repairs or replacements.
Preventative maintenance is a great way to keep your business running smoothly and efficiently. It can save you time and money by helping avoid costly repairs, downtime and other problems. The best part is that many of these benefits come without any upfront costs! You may even find that implementing preventative maintenance will actually reduce costs while increasing performance over time.
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