Advantages of Predictive Maintenance
PREDICTIVE MAINTENANCE that uses data analysis tools to monitor the performance and condition of equipment during normal operation to reduce the probability of failures. It is a technique in which the service period of crucial parts/assets is predicted on an inspection basis so that the parts can be useful within the limit of their service period. There are crucial advantages associated with predictive maintenance. The correct implementation of predictive maintenance and its usage capably can achieve different benefits. Advantages of predictive maintenance are for both parties’ users and the manufacturers. The top advantages of predictive maintenance are below:
Predictive Maintenance for Production Efficiency
Ideal Maintenance Timer: Thanks to predictive maintenance solutions, the ideal maintenance time can be programmed precisely and accurately. The predictive maintenance solutions integrate simultaneously with the production and due to the parallel integration of the predictive maintenance solution with the production, the system will be collecting data from the motor/asset or plant and accordingly finds the correct timing for the maintenance.
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Improved Economic Efficiency: The typical maintenance or any sort of maintenance done on the plant can result in a couple of hours of downtime or few days as downtime, which means that any downtime will cost negatively to the economy of the plant. Predictive maintenance decreases the unplanned downtimes for a plant. As a natural result, it will prevent unnecessary maintenance costs and increase the lifetime of the machine or plant.
Increased Machine Performance: The collected data by predictive maintenance solutions improves the performance of machinery. The correct time of maintenance improves the efficiency of the plant, and additionally, the data analyzed from the machine independently will increase the performance of the machinery.
Increased Production Performance
Saving in maintenance costs: The actual costs of the maintenance operations can be diminished by more than 50% by applying reliable condition monitoring. The comparison of maintenance costs incorporates real labor and maintenance office overhead, as well as the stopping cost of the production per hour, required tools or machinery, and other gear required to preserve the gear. For more statistical information about predictive maintenance, you can read this article.
Reduced Machine Failures: Standard checking of the current conditions of the gear and handle frameworks can decrease the number of startling and disastrous hardware disappointments by around 55%.
The reduced stock of spare parts: The ability to pre-determine inadequate and non-functional parts requiring repair, instruments, and required labor aptitudes guarantee a lessening in both repair time and costs. The costs included in stocking spare parts can be decreased by more than 30%. Instead of acquiring all the spare parts for mechanical machines/assets/plants in stock, it will be a cheaper cost to have the buffer stock of substitution parts in the correct time.
The advantages of predictive maintenance management considerably progress the general operation of fabricating and related production plants.
