Why Your Business Needs A Preventive Maintenance Program
If you want your company’s operation to continue at optimal efficiency, thereby boosting its profitability, you must ensure that all machines and equipment are working well.
However, this just doesn’t happen, and you’ll be expected on your part to carry out routine preventive maintenance of these pieces of machinery. Through preventive maintenance, you’ll be able to prolong your equipment’s lifespan and save yourself the need to buy another one soon.
But while avoiding unexpected equipment breakdown is the last thing you want, the cost associated with preventive maintenance might make you doubt whether it’s necessary.
This guide seeks to convince you otherwise by detailing why a preventive maintenance program will benefit your business. Let’s get started.
What’s Preventive Maintenance?
Preventive maintenance is the practice of systematically inspecting your machines and systems to identify possible issues and resolve them before they lead to a breakdown.
It’s also known as preventive maintenance and entails tasks such as carrying out routine inspections, maintenance, plus replacing worn-out parts.
There are different types of preventive maintenance, and these include:
- Usage-based maintenance
- Condition-based maintenance
- Time-based maintenance
- Prescriptive maintenance
- Failure-finding maintenance
- Predictive maintenance
Thanks to preventive maintenance, your company’s equipment remain in excellent working condition and thus can capably deliver maximum productivity as required. Therefore, you’ll avoid expensive, unexpected shutdowns and spend less money on repairs.
Why Should Your Business Prioritize Preventive Maintenance Program?
A computerized maintenance management system by 60 Hertz and others is vital. Even though you might be tempted by the notion that if it isn’t broken, don’t fix it, there are compelling benefits you’ll experience because of preventive maintenance. Here are some of them:
1. Prolonged Equipment Life
The best advantage of a preventive maintenance plan is that it helps prolong the lifespan of your company assets. This is because the routine checks help ensure that any malfunction or poorly working part is quickly repaired during the routine maintenance.
As a result, this helps ensure the equipment remains in perfect working condition in the long run. So, your company would remain extremely efficient in its daily operations, boosting overall output.
Preventive maintenance might look like a waste of money, but ignoring it shortens your equipment’s lifespan. Because of this, you’ll be forced to buy a new one sooner than the machine’s useful economic life has arrived.
Having it well-maintained will also help with lowering its daily running cost, which accounts for a big percentage of the total operational costs.
2. Promote A Safe Work Environment
The safety of your customers and employees on your company’s premises is your responsibility. This is why you must implement measures to ensure everyone’s safety is guaranteed, and a preventive maintenance program helps you realize this goal.
This is because it helps avoid incidences of unexpected equipment malfunction, which might compromise the well-being of everyone on the company’s building premises.
For example, the abrupt breakdown of a machine might end up injuring the worker operating it. In addition to the injury, you risk facing legal lawsuits and paying your employee worker’s injury compensation because of neglecting routine equipment maintenance.
Preventive maintenance programs reduce the chances of such unfortunate incidents by ensuring your equipment is working perfectly fine. This helps avoid any workplace incident that might compromise the safety of everyone in the work environment.
3. Increased Productivity
Another reason a preventive maintenance program is advised is that it boosts your company’s productivity. This is realized because you no longer are reacting to unforeseen breakdowns due to not carrying out routine maintenance of your equipment.
Therefore, you won’t be surprised by the sudden failure of your company’s equipment, which becomes less reliable and efficient over time.
With this in mind, the preventive maintenance program certainly looks like the best approach to take. This way, you’ll be able to reduce the speed at which equipment is deteriorating, thereby maximizing its general output.
All this is possible because the issue of unexpected breakdowns will now be a thing of the past. As a result, your equipment can continue running at peak performance always and in the long run help boost your business profit margins.
4. Reduced Maintenance Costs
Prevention is better than cure, and a preventive maintenance program is the best proof of this saying. Despite many business owners thinking that preventive maintenance uses up more money than the corrective approach, this is because routine maintenance of your equipment allows you to quickly identify possible issues before they become more severe. As a result, this saves you significant money in repairing more severe technical issues.
On average, it costs ten times more to repair a piece of equipment after it’s broken down compared to if you opted to do routine maintenance. These high costs are due to unforeseen repairs and subsequent downtime. With this in mind, preventive maintenance helps ensure parts are replaced or repaired on time.
5. Less Unplanned Disruptions
Preventive maintenance of your machines and equipment allows for possible issues to be identified quickly and addressed before they cause any downtime.
Therefore, the risk of a breakdown happening unexpectedly is considerably reduced. After all, you’re always well-aware of your equipment’s current condition and thus can’t easily be caught off-guard by an unforeseen breakdown.
Instead, preventive maintenance ensures routine maintenance duties are carried out at ideal moments when your facility isn’t very busy. These reduced disruptions help boost your company’s overall efficiency and production capacity.
6. Less Energy Use
When your company’s equipment and machines aren’t well maintained, they don’t perform as efficiently as expected. Because of this, they’re less energy-efficient and use a greater amount of power than they should ideally use. This consequently increases your total operating cost, which reduces your profit margins.
A preventive maintenance program does a great job of preventing this issue of increased energy consumption by ensuring your equipment is always running optimally. Therefore, the money saved can be directed to other essential business areas.
The untimely breakdown of your company’s equipment and machinery can result in substantial losses due to lost productivity. Therefore, it’s best to take a proactive approach and prevent such an issue from happening in the first place.
This is where having in place a preventive maintenance program comes in handy. If you’re on the fence about whether preventive maintenance is necessary, this blog post has detailed reasons why its benefits outweigh the costs involved.