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Role of Preventive Maintenance in Reducing Downtime in Enterprise

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Machine failure or downtime can cause a loss of thousands of millions of dollars across various industry sectors. As per the recent Deloitte study, unplanned downtime   costs approximately $50 billion  every year to manufacturers. Apart from this, companies have to face loss in productivity and failure in meeting deadlines. Here, preventive maintenance lends a helping hand and acts as a preventive measure to reduce the risk of sudden downtime with digital solutions.  Manufacturers who want to give a seamless customer experience while maintaining the quality of products and services need to use preventive maintenance software. It is because even a slight unwanted outage can bring significant damage to processes and even the company’s reputation. Remote monitoring of the equipment at regular intervals can help companies eliminate risks associated with machine dysfunction and outage.  An official survey has revealed that companies that deliver high-quality products and ...

How Manufacturing Sector Benefits from Predictive Maintenance

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Machine downtime not only reduces productivity in your manufacturing plant but also affects the ROI. Any unplanned downtime can bring setbacks like increased repair cost, delay in production, and reduced value in the manufacturing industry. It also impacts OEE (Overall Equipment Effectiveness) negatively. Thankfully, predictive maintenance & digital transformation solutions lend a helping hand.  The manufacturing industry can improve OEE, reduce maintenance costs, and decrease delays in production with the help of the predictive maintenance concept. This concept plays a vital role in digital process management. Let’s understand how predictive maintenance increases a machine’s ROI over the period. But before that, we will go through the way this concept works in the manufacturing sector. Predictive Maintenance – Introduction and the Way It Works in Manufacturing Sector Predictive Maintenance is a technique useful for detecting anomalies in various operations and possible defects...