Planned preventative maintenance (PPM) is not only about keeping your equipment in its top condition. It is also about saving money, both through fewer repairs and lower costs per each repair. That is why it is worth putting your equipment suit under the best planned preventative maintenance plan you can afford.
Fewer repairs
With planned preventative maintenance, you will have fewer major repairs. To clarify, during PPM, your equipment is fully inspected and tested. As a result, you get the following aspects detected:
- Loose parts and components
- Parts and components that are worn-out or close to the end of theirlifespan
- Possible issues, including those that can escalate into major problems
Thus, you can tighten or replace parts or components of the question and arrange repairs for detected issues in a timely manner. In other words, you can save money by timely undertaking necessary replacements and minor repairs and avoiding the need for major repairs, which involve higher costs.
Besides, with planned preventative maintenance, you will get your equipment regularly cleaned and serviced. This ensures that dust and debris will not pose extra strain or dangerous insulation on motors, fans, heating elements, and other critical components and will not lead to early equipment failure.
Lower repair costs
With planned preventative maintenance, you can benefit from lower repair costs due to at least the following factors:
- Repair rates are lower for work under the PPM contract
- Scheduled repairs involve less cost than emergency ones
- You can order parts at lower prices
To clarify, lower repair rates are what many PPM providers offer as extra benefit to the PPM contract. Scheduled repairs do not involve extra urgency and the need to arrange a costly after-hours visit if there are no time slots available during normal business hours. Finally, lower part price results from no need to arrange quick delivery, which involves higher logistic costs. Besides, you have time to research and source parts from a supplier with better prices instead of ordering them from the first available vendor you came across.
So, based on general practice, with proactive planned preventative maintenance, you can save up to 20-30% of your facility keeping budget.