"Predictive maintenance could easily provide a savings opportunity exceeding 30-40% over a strictly reactive maintenance process." - O&M Best Practices
Analyzing machine vibrations allows you to forecast machine condition and impending failures. Having this knowledge, the maintenance department can plan machinery repairs well in advance to coordinate with overall maintenance schedules.
In many cases, predictive maintenance programs eliminate the need to perform preventative maintenance. By performing maintenance only when required, you utilize parts, labor and equipment more efficiently. This reduces both resource costs and workforce frustration.
Spare parts inventory is based on requirements and can be purchased as needed without having to carry large stock quantities.
When the rotating equipment is working within specifications, the machinery used for precision manufacturing will produce higher quality results.
High vibration signatures on machinery can lead to a safety risk for personnel working within range due to sheared parts and flying debris or other more serious machinery failures.
According to The Federal Energy Management Program's Operations and Maintenance (O&M) Best Practices Guide version 3.0, a robust predictive maintenance program will see the following benefits:
Return on Investment: 10 times
Reduction in maintenance costs: 25% to 30%
Elimination of breakdowns: 70% to 75%
Reduction in downtime: 35% to 45%
Increase in production: 20% to 25%
Predictive maintenance remains a mythical concept for many, but pressure to optimize efficiency means manufacturers can't afford to delay the transformation. Read the article here.