How Much Does Preventive Maintenance Cost to Implement?
We knew you’d ask, but there’s no precise answer to this question. Instead, the cost of preventive maintenance will boil down to labor costs (for large facilities and staff), and ultimately to the number of machines and utilities you need improved or protected.
It’s important not to break your business’s budget just to implement preventive maintenance. Do what you can, where you can, to avoid future damages to your business caused by preventable accidents. This can be as simple and as budget-friendly as manually cleaning a ventilation system, increasing lubrication frequency on equipment, or spending one hour training staff to operate certain machinery safely and effectively.
To determine how much of your budget should be allocated to preventive maintenance, you should:
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Add up the total cost of your reactive maintenance for the past year;
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Consider the value of all your equipment.
This will give you a good idea of how much you can potentially save in the way of reactive maintenance, in addition to the savings you’ll enjoy from extending the life of your equipment.
