What is Preventive Maintenance?

Preventive maintenance is the regular, planned maintenance done to keep your business’s equipment running. It prevents unexpected downtime and/or expensive repairs from unforeseen equipment problems while allowing managers to plan expenses. Proper preventative maintenance requires careful development and scheduling to prevent potential issues, as well as detailed records inspections and equipment servicing reports. Unsurprisingly, preventive management tends to be a complicated task to master, but a very important one for the success of the company.

Benefits of Preventative Maintenance

Here are just a few of the benefits of Preventative Maintenance:

– Equipment downtime is significantly reduced

– Number of major repairs (and their costs) are reduced

– Better preservation of assets

– Increased efficient lifespan of assets

– Lowered equipment replacement costs

– Reduced overtime costs

– Better and cheaper use of maintenance workers

– Improved safety and health conditions for owners, management, staff, and customers

Costs of not implementing a Preventative Maintenance Plan:

– Safety and health issues

– Erratic and unpredictable maintenance and repair costs

– Shorter life of equipment

– Higher chances of equipment failure and downtime

When preventive maintenance is properly organized, all of these costs can be … well, prevented!

PM: A Smart Choice

Implementing a preventive maintenance plan can be an intimidating job, but it more than pays for itself in the long run. With all the benefits gained from no or low downtime and a healthier, more productive work environment, it’s easy to see why, though it can be painful to plan and execute, so many companies opt to create a preventative maintenance plan.