Manufacturing maintenance is an expensive but necessary exercise. Depending on the industry and specific application, according to the US Department of Commerce, the cost of maintenance ranges between 15 % and 70% of the cost of goods sold. At the upper end, business success is literally won and lost on the maintenance battlefield. Identifying opportunities for savings in maintenance operations is critically important but often not easy to achieve without cutting corners.
According to Buildings.com, running a piece of equipment to the point of failure can cost up to 10 times as much as operating a regular manufacturing maintenance program. Thus, the idea of skimping on maintenance to save costs, generally isn’t advisable. Despite the obvious cost saving of performing regular preventive maintenance, the costs of undertaking…
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