In industries where machinery uptime is critical, maintaining equipment efficiently is paramount. As the global MRO market continues to expand, it is essential for businesses to adopt strategies that optimize maintenance while reducing costs. Below, we’ll explore key maintenance strategies that are improving machinery performance and lowering operational expenses.
Aging equipment and mechanical failures are common causes of unplanned downtime, resulting in costly disruptions. One way to reduce maintenance requirements is by incorporating low-maintenance components, such as ultrasonic clamp-on meters. These components, which eliminate moving parts, require less servicing and reduce downtime.
Preventive maintenance (PM) remains a widely adopted method, with 76% of manufacturers conducting regular inspections to prevent failures. Although it extends the life of machinery, PM adds to the overall cost of ownership, which varies by machinery type and age.
Predictive maintenance (PdM) takes a more data-driven approach, using real-time analytics to track the health of equipment and predict when repairs are necessary. By forecasting issues before they occur, PdM can reduce unnecessary maintenance and downtime. This proactive approach is already being used by 41% of manufacturers, and it is expected to grow due to its cost-saving potential, saving up to 12% in maintenance costs.
By adopting these innovative maintenance strategies, companies can reduce downtime, enhance equipment performance, and lower maintenance costs. To learn more about how these strategies can benefit your organization, see the accompanying infographic by Emerson.
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