The breakdown of a major piece of manufacturing equipment triggers a domino effect of halted production. This unexpected shutdown usually results in costly last-minute repairs, late or canceled orders, and angry customers. Manufacturers who conduct predictive maintenance on machines and equipment can reduce the risk of an unexpected breakdown.
Understanding Predictive Maintenance
A manufacturer can use maintenance to not only keep production lines running smoothly, but also minimize the need for replacement equipment or stopgap measures such as rentals and outsourcing. Predictive maintenance is like automobile maintenance: If a vehicle owner never takes a car in for tune-ups or oil changes, then that car will eventually break down – resulting in costly, preventable repairs. Although equipment breakdown insurance will cover many of the risks associated with a lack of maintenance, it does not cover equipment that stops working as a result of deterioration or wear and tear – two scenarios that predictive maintenance can help to prevent.
Integrating Predictive Maintenance
Consulting the equipment manufacturer’s recommendations is an excellent first step for establishing a maintenance program. Once the manufacturer understands the frequency at which it should perform a check-up, it should create a schedule that sends maintenance reminders. The manufacturer should then ensure it has qualified service professionals perform the maintenance.
Give CRI’s Manufacturing CPAs a Call.
CRI’s manufacturing CPAs can assist you in establishing a predictive maintenance program that helps keep revenue flowing, clients happy, and new business coming through the door. Give us a call before any dominoes fall.