Predictive and Preventive Maintenance in a Declining Economy

In a declining economy saving operating expenses has become a priority for most firms. Predictive and preventive maintenance although similar, are two different tools used by facilities managers in order to save precious dollars. Both maintenance systems help keep earnings (the bottom line) stable by avoiding costly repairs and maximizing equipment up-time. Normally cutting expenses for operations means fewer support staff, hiring freezes, and a repair versus replacement strategy on equipment. But what happens when the forecast for low or declining sales does not improve or is mired in a deep recession?

A recent survey conducted by Facilities Planners and Architects, Inc. of facility managers and business owners revealed intended reactions to the current economic situation. The survey highlights are:

  • Limiting capital expenditures to sustainability initiatives such as more efficient lighting systems
  • More plans to reduce square footage
  • Outsourcing non-core services such as janitorial services
  • Assessing the condition of the facilities and better strategic planning of their use
  • Initiating predictive maintenance programs

Obviously, it is always a good idea to watch your expenses. The results echoes this and indicates a long overdue desire to become more energy efficient, please visit sites :- or simplyorganizedonline a focus on core responsibilities by outsourcing non-core functions, a strategic look at assets and the initiation of efficiency and savings programs. The survey mentions predictive maintenance as one of the most popular choices for cost saving solutions. It should be noted that predictive maintenance is not the same as preventive maintenance. Successful predictive maintenance starts with preventive maintenance. To better understand let us take a look at both.

Predictive vs. Preventive Maintenance

The goal of a facility manager or business owner is to make sure equipment has the highest possible uptime and to extend the life cycle of the equipment as long as possible at the most reasonable economical cost. Some predictive maintenance plans will require a capital investment in higher technology sensing equipment but most will be built upon the foundation and metrics provided by an existing preventive maintenance program. Facility managers should not rely on just a predictive maintenance solution to save expenses especially if dealing with high value equipment or if safety is at stake.

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