Investment goes a long way
We’ve all heard the phrase, “If it ain’t broke, don’t fix it”. Well, this is a sorely out-dated expression when it comes to modern machines and their maintenance.
Manufacturers large and small are operating in as competitive an economic market as there has ever been. Any edge that can be gained over their rivals should be used. That includes investments in maintenance processes.
However, with investments now being scrutinised intensely before being signed off, a persuasive case will usually have to be made to those holding the purse strings. Fortunately, predictive maintenance can be shown to really pay for itself.
Analysis carried out by IBM showed that, when compared with traditional maintenance approaches, predictive maintenance reduced costs by 25-30%. It reduced downtime by 35-40% and best of all gave a return on investment that was 10 times higher than traditional maintenance approaches.
The scale and costs of some of the machines we typically install accelerometers on are huge. The reliance placed upon them to work efficiently to ensure production and revenue targets are met is also sizeable. Why take a risk when it comes to maintenance? To slightly tweak the opening quote, “If you can’t predict and fix it, it’ll make you broke”.
The information for this blog was taken from the infographic below.
