Tag: equipment reliability

Understanding the Costs of Downtime

Unexpected equipment failure is a nightmare for any business. It disrupts operations, leading to lost production, frustrated customers, and significant financial losses. The cost isn’t just about the repair itself; it encompasses lost revenue, expedited shipping charges, potential penalties for missed deadlines, and the overtime needed to catch up. In some industries, downtime can even lead to safety hazards and environmental concerns. Minimizing these costs is paramount, and that’s where predictive maintenance comes in.

Predictive Maintenance: A Proactive Approach

Unlike preventative maintenance, which involves scheduled servicing at fixed intervals regardless of the machine’s actual condition,