Preventative Maintenance ( PM Maintenance ), is a time based proactive approach, involves performing periodic inspections, preventative maintenance prevents machine failures from occurring. This model keeps assets more efficient and extends their operable life, avoiding unforeseen breakdowns. Preventive maintenance appears costly and time-consuming at the beginning, it most often proves to be a solid return on investment by reducing the number of major breakdowns as well as the asset’s downtime.
Traditionally, maintenance teams relied on preventative maintenance schedules provided by the manufacturer, including regularly replacing asset components based on a suggested timeline. However, these timelines are only an estimate of when an equipment will require service, and the actual use of the equipment can significantly affect the reliability of OEM estimates.
A well planned preventative maintenance strategy can provide visibility of routine maintenance and any statutory compliance requirements.