Maintenance saves companies’ bottom line
PREVENTION BETTER THAN CURE Companies can minimise the risk of costly reactive maintenance as reactive maintenance only addresses problems as it arises
With economic uncertainty levels reaching an all-time high, it is necessary to find creative and resilient ways to reduce budgets while boosting the bottom line.
Preventive maintenance is often one of the most tempting to trim, however, doing so could end up costing a business significantly more in the long term, says power management company Eaton South Africa business development manager Jaco Richards.
“Preventive maintenance is often considered an unnecessary operational expenditure that incurs significant costs. Many businesses choose to focus on emergency maintenance when the need arises, rather than investing in ways to avoid them.”
While emergency maintenance seems to be common practice in certain businesses, preventive maintenance can save both time and money. Preventive maintenance avoids expensive downtime and ensures that operations run smoothly.
“Lessons learned should be shared. Therefore, it is important to distinguish that implementing preventive maintenanceis not about fixing problems that already exist, but rather focusing on preventing them from happening at all, or early detection at the least before they cause an actual fault,” explains Richards.
Good maintenance proves its worth on a day-to-day basis, and preventive maintenance can help keep costs down in a number of ways.
Preventive maintenance can reduce unplanned equipment downtime, which is not just frustrating, but also extremely expensive. Every time equipment breaks down, it causes interruptions in business processes and production. This results in money loss and wasted time. Emergency repairs may also be delayed if parts or technicians are not immediately available.
“In many ways, preventive maintenance increases operational efficiency. With a preventive maintenance regime in place, equipment is always running in optimal condition. This means that it uses less energy and other fuel sources, reducing running costs and the businesses impact on the environment.”
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.
VISIT SHOWROOM
Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
