Many facilities management teams choose to operate under an “if it ain’t broke, don’t fix it” management style, but relying solely on deferred maintenance leaves your facility vulnerable to added costs and lost productivity. Performing routine preventive maintenance ensures your facility runs efficiently and offers you peace of mind. Listed here are 7 benefits of preventive maintenance.
Benefits of preventive maintenance covered in this article
- Lengthen asset lifespan
- Lower risk of breakdowns
- Increase efficiency
- Decrease unplanned downtime
- Promote health and safety
- Boost customer satisfaction
- Save money
1. Lengthen asset lifespan
Arguably, the most important benefit of preventive maintenance is lengthened lifespan of assets. Keeping your equipment in good condition allows it to run longer, lowering costs. MTBF—mean time between failures—is a common KPI used by facilities leaders to make informed maintenance decisions. Tracking information like MTBF allows you to plan preventive maintenance at just the right moment, catching the equipment before a breakdown.
The power of a good downtime tracking system is so impactful that 78% of companies that track and implement preventive maintenance report seeing an increase in their equipment’s lifespan.
2. Lower risk of breakdowns
Decreased risk of breakdowns is another key benefit of preventive maintenance. In fact, most of the benefits listed here occur primarily as a result of lowered risk of breakdown. Waiting to perform maintenance until failure puts your facility at risk for lost productivity and a damaged reputation.
Only about 10% or less of industrial equipment ever truly wears out from proper use– this means that 90% of mechanical failures are due to preventable problems, avoidable with a good preventative maintenance plan in place. By proactively scheduling maintenance you can significantly lower the risk of your equipment failing, giving you peace of mind as a facilities leader.
3. Increase efficiency
Along with lasting longer, equipment that sees routine preventive maintenance also runs more efficiently. OEE, Overall Equipment Effectiveness, is a commonly used maintenance management KPI that measures efficiency. OEE rates equipment in three categories: availability, performance, and quality.
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