Turn Your Maintenance into a Profit Center

Predict. Prevent. React. Matching your maintenance activities to business goals can uncover hidden profit.

Predictive maintenance involves monitoring the condition and operation of equipment to assess whether the equipment will fail during some future period, and then taking action to avoid the consequences of that failure. Predictive maintenance is often measured in terms of cost or downtime avoidance. Unlike preventive maintenance, the need here is based on the actual condition of the asset rather than on some preset schedule.

An effective predictive program allows you to make necessary changes before a catastrophic equipment failure occurs.

Moreover, the ability to schedule maintenance activities helps minimize overtime costs, and also helps optimize inventory by allowing companies to order spare parts well ahead of time to support maintenance needs.

Predictive programs require an investment in order to effectively implement, operate and maintain them. Though more expensive up front, if applied strategically to critical equipment where a failure would interrupt a continuous process or impact quality (i.e., power generation, semiconductor chip manufacturing or petrochemical refining), the actual cost is substantially lower than the lost production resulting from failure. This strategy works well if maintenance personnel are properly trained and have the time to perform the necessary maintenance work to address the potential problem.

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