Reasons For Investing More Time & Resources In Preventative Maintenance
by Arina Smith Business Development 15 December 2017
Running a manufacturing business or a service process or any kind of operation has one essential element – preventative maintenance. Whether you are a small or medium business or a large enterprise, it pays to invest in an effective and efficient preventive maintenance plan. Multiple studies have shown that regular maintenance can provide several times the return on the investment and boost your organizational productivity.
Preventative Maintenance Means More Savings
When you invest more of your time and resources in preventative maintenance (PM), you will have to spend less on corrective maintenance, repairs, and replacement. It helps in minimizing the initial purchase price for parts or the whole equipment by extending its lifecycle. Additional benefits include reduced power costs or cost of operation. Well-maintained systems usually require a lesser amount of fuel or electricity to operate.
Another way you can reduce the cost of operation is by getting the time and opportunity to plan and budget parts replacement. Thus, you can save when it comes to making parts purchasing decisions.
As a business owner, you are always looking to try to save money in different operations across company verticals. Waiting for something to go wrong is one of the worst strategies you can adopt as a business owner. If you start using Axxerion’s CMMS software, you will realize that the small savings over time can help you with huge capital savings over the long run. This will not only help you make the company financially strong but also allow you to use the software, which can directly aid and contribute to productivity.
Increased System & Organizational Efficiency
If your organization’s efficiency depends on your systems’ efficiency, preventative maintenance can help make your business more efficient. When your equipment no longer works at its optimal efficiency, you are going to lose time and money. Well-maintained systems work at their optimal speeds while ensuring the desired quality output is delivered. This helps address your organizational efficiency and reputation at different levels.
Increased Efficiency Means Improved Productivity
So a preventative maintenance plan help in achieving high ROI not just by increasing savings, but also by improving productivity. PM helps in reducing downtime because of unexpected failures and breakdowns. It also reduces the amount of time your employees have to spend on pre-production setup. It is also beneficial in optimizing work schedules. When you and your teams know in advance about planned maintenance, it allows you to plan the workforce to appropriate tasks. All this results in improved efficiency and productivity.
Preventative maintenance isn’t just about saving time and money and providing more convenience. It is also about providing a safer work environment for your workforce. A worn-out machine is less likely to work the way it is meant to. This also means there will be less control over its operation, thus increasing safety risks.
PM provides you with a fixed timeline for inspection of equipment and systems, including electrical systems. The maintenance process may involve nothing more than replacing a filter in the case of equipment or a wire in the case of an electrical system, but it will provide you with the opportunity to check all the different critical components. The more the technicians get to inspect your systems, the lesser will be the safety issues.
Using a Computerized Maintenance Management System
The use of Computerized Maintenance Management Systems (CMMS) helps simplify scheduled preventative maintenance, making the very process more efficient and convenient to manage. It eliminates paperwork and allows you to capture information on an automatic basis. It also addresses all the different aspects of PM including communication, connectivity, speed, and management.
The latest mobile CMMS can further help improve the overall process, allowing you and your teams to manage PM processes from your fingertips. There are no longer any files and documents to scour through. All the information can be had at the click of a mouse or a tap on a screen. Whether it’s scheduling work orders, recording task completions, feedbacks, managing inventory, or raising invoices or reports, you can have more control and efficiency than ever before.
Thus, preventative maintenance and the latest technologies are not just helping organizations achieve their goals in a more cost-effective manner, but also in a more convenient manner.