Modern advances in technology are enabling manufacturers to streamline production processes and innovate at a faster rate than ever to meet the demands of a fast-moving market. While speed may be the name of the game, a breakdown or failure can bring everything to a halt. That’s where predictive maintenance comes in to play.
The benefit of predictive maintenance is that it is a proactive approach meaning that it can identify a problem early on for it to be addressed before complete failure. Predictive maintenance can greatly decrease unplanned downtimes when something does ultimately go wrong. And while a planned downtime in preventive maintenance may be inconvenient and represents a decrease in overall capacity availability, it’s highly preferable to the unplanned downtime of reactive maintenance, where costs and duration may be unknown until the problem is diagnosed and addressed. For more on this, continue reading below.