8 financial reasons to deploy predictive maintenance technologies

Overview:

Here are eight financial reasons your maintenance department can use to justify the move to management.

Maintaining equipment on a set schedule has long been an accepted practice for industrial facilities. If a plant can "fix it before it breaks," precious uptime is preserved. Is uptime ALL that matters? Is overhauling a machine just because the schedule says so the best use of your maintenance dollars and resources? Today's reliability experts say "no" to both of these questions. A growing number of facilities are improving uptime and productivity while simultaneously reducing maintenance costs. They are doing this by moving away from the concept of preventative (time-based) maintenance in favor of predictive (just-in-time) maintenance.

Here are eight financial reasons your maintenance department can use to justify the move to management.

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