Your Asset Lifespan Guide: What is Preventive Maintenance?

You can probably recall the days when you bought your first car, and your dad gave you a good talking to you about the importance of taking care of it. Get the car washed regularly, and make sure you get those oil changes; it’ll make the car last longer.

You were practicing preventative maintenance long before you ever realized it was happening.

So, what is preventive maintenance, and how can it apply to your business? Are there benefits to your business, like your first car, when you practice preventative maintenance?

Read on to learn more.

What Is Preventive Maintenance?

Preventative maintenance, sometimes called planned maintenance, is a maintenance plan that addresses the needs of your equipment and assets before there’s a problem.

Most preventative maintenance plans work to prevent a problem from happening.

You know how impactful it can be when a piece of your equipment is down, and your staff can’t do their jobs because of it. There’s a ripple effect of losing equipment to a breakdown, and it isn’t good for business.

Preventative maintenance is done regularly or on a schedule, and trained individuals who know your equipment well check it carefully. This prevents those breakdowns and ultimately keeps more minor problems from becoming big ones.

Elements and Components of Preventative Maintenance

There are a few things to understand about how to approach preventative maintenance.

First, the maintenance plan should be systematic and orderly, so nothing is overlooked as part of the plan.

It should also be performed routinely. If you check your equipment once to prevent problems, then don’t do it again for a very long time; you probably aren’t avoiding potential problems.

The goal of planned and preventative care is to reduce and minimize potential failures in your equipment.

There are some basic tenets of preventative maintenance. These components include:

• Clean and restore equipment components before it impacts performance
• Replace worn parts before there’s a failure
• Avoid the impactful consequences of potential system failure
• Improve the reliability of your equipment
• Train staff on the importance of proper equipment procedures and care

To learn more about the concept of preventative maintenance, check it out here.

Benefits of Preventative Maintenance

There are a whole host of benefits to consider by practicing preventative maintenance for your business.

You can increase the asset lifetime of your equipment and its reliability. This reduces your expenses for both potential repairs and the need to purchase new equipment.

To extend the asset life of the equipment, you make sure it stays in good working order before a big problem arises. You can reduce costly repairs by catching small things before it’s a big problem.

You also prevent the risk of downtime when your equipment fails. If your equipment goes down and you can’t work, it impacts your money-making ability as a business.

Consistent preventative maintenance also makes the equipment safer and prevents potential injuries for your employees.

Protect Your Business Assets by Practicing Preventative Maintenance

What is preventive maintenance? It’s a way to protect your equipment and business from potential failure. You can maintain your productivity when your assets and equipment remain running well.

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