Preventive Maintenance Vs. Predictive Maintenance
IBM News, Wednesday, May 31,2023
Your maintenance strategy may not be the first thing that springs to mind when thinking about the bottom line. Yet, given that machinery, equipment and systems keep businesses running, maintenance strategies have a major role to play.
Without due care and attention, things break-regardless of whether that's a transformer in an electricity grid, an axle bearing on a train or a refrigerator in a restaurant.
When assets malfunction or aren't performing optimally, there can be safety issues and financial implications - the average manufacturer reportedly loses about 800 hours a year in downtime. Add to that aging infrastructures, workforce retention, budget constraints and sustainability pressures, and it's easy to see why businesses need to find ever better ways to keep assets in good operating condition.