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How Does Planned Preventative Maintenance Help Businesses?

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How Does Planned Preventative Maintenance Help Businesses?

Being proactive is important for almost every aspect of business operations, including how its machinery and assets are maintained. To maximize the value of business machinery and ensure that it performs efficiently, as safely as possible, timely and proactive maintenance is extremely important. The best way to tackle asset malfunctions is to treat them before they can break down. To achieve this goal, you shall need a planned preventative maintenance (PPM) strategy. Such strategies are designed to preserve the properties of a machine and prevent problems from occurring. It is a proactive approach towards machine maintenance and is meant to lower the risks of failures, breakages, and unexpected maintenance costs.

What does PPM Exactly Mean?

Planned preventative maintenance is widely known as planned maintenance or scheduled maintenance. Under this approach, maintenance tasks are scheduled ahead of time, when machines are still in functioning order. This system is directly opposite to reactive maintenance, wherein assets are checked and repaired only after they break down and fail. PPM involves establishing a routine of tasks performed at regular intervals, to reduce the risk of assets failing prematurely.

Reduced Risk of Business Interruption

Regularly scheduled maintenance of machinery significantly lowers the risk of breakdowns. This invariably reduces the risk of interruption or downtime machinery breakdowns may cause to business operations. Depending on the type of a machine and the task it performs, its breakdown can be quite an inconvenient and costly problem, and may even cause the company to a standstill while it is rectified. Such problems can be avoided to a good extent with PPM. If maintenance activities are scheduled in advance, companies can effectively plan and mitigate any financial damage that may occur due to equipment breakdown.

Extended Asset Lifespan

Preventing equipment breakdowns or failures and keeping them in working order makes sure that they shall be usable for much longer. Instead of undertaking costly repairs or having to replace components time and again, companies can depend on the same assets for an extensive period by following a planned preventive maintenance strategy. This would help in:

  • Lowering the costs of regularly replacing components
  • Doing away with the waiting time needed for new machinery or components to arrive, reducing potential downtime
  • Ensure a greater return on investment on all purchased equipment

Asset maintenance software and tools can ideally track the mean time to repair (MTTR) of important equipment. This helps in predicting when assets are likely to break down, enabling you to schedule maintenance work to take place before this point.

Increased Efficiency

Apart from having machinery run longer, PPM would help such assets stay as efficient as possible. Almost all machines start to lose efficiency over time, thereby lowering their performance. They ultimately become a drain on the resources of a business. PPM would help in extending this date to a good extent, thereby ensuring that the asset performance will be preserved for longer. 

By adopting a proactive approach to maintenance, your business can optimise equipment performance, boost productivity, and extend the lifespan of critical assets. Implementation of PPM as a core maintenance strategy can result in considerable competitive advantages and position businesses for long-term success.

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