As a company owner or management director there are many advantages to having a custom designed preventative maintenance program as long as it is executed properly. Most large corporations will see the payback and have systems in place, but you don’t have to be a huge company to take advantage of the benefits of a preventative maintenance program and how it can improve your bottom line and your relations with your customers.
Think of all the times a piece of equipment goes down and now you’re faced with a customer expecting their product to ship. What do you do? How fast can you get this back up and running? What if the repair parts are not readily accessible or even worse, what if they are obsolete? Now you have your production personnel standing around not being productive, expediting parts overnight air or paying to have the technician drive to the supply house to pick it up. What if it’s after normal business hours and you’re paying overtime to your crew, the technician and now the production floor schedule is behind.
So how can a preventative maintenance program improve your bottom line?
Reduce lost production, Non-productive labor, Overtime, Emergency calls and helping preserve company resources/ assets while increasing safety, customer’s reliability, productivity, and of course increasing profit margins.