
Businesses often attempt to maximize profits for owners or shareholders by taking measures to reduce costs. A reactive approach to plant and equipment breakdowns is very costly, and it reduces outputs. By failing to do what it takes to become proactive, they take risks against the odds of frequent failure, high repair and downtime costs. A proactive approach is more productive, predictable and less expensive, as it relies on strategic maintenance.to increase equipment life and running times, reduce failure risk, and lower operating costs.
[Read more…]