Don't miss MaximoWorld 2024, the premier conference on AI for asset management!

Experience the future of asset management with cutting-edge AI at MaximoWorld 2024.

Sign Up

Please use your business email address if applicable

The Top 6 Benefits of Predictive Maintenance

In his book, Plant Engineer's Handbook, Keith Mobley links the following benefits to PdM:

  • Maintenance costs - down by 50%
  • Unexpected failures - reduced by 55%
  • Repair and overhaul time - down by 60%
  • Spare parts inventory - reduced by 30%
  • 30% increase in machinery mean time between failures (MTBF)
  • 30% increase in uptime

Now these numbers may seem high. But even if you take only a fraction of these benefits, the financial impact of an effective PdM program at most plants can easily reach into millions of dollars. And, for the typical manufacturing plant, a 10% reduction in maintenance costs has the same bottom line benefit as a 40% increase in sales.

Another advantage of predictive maintenance is this: Studies have shown that with a properly-engineered PdM program, you can replace up to 30% of your Preventive Maintenance tasks (PMs).

Tip provided by Allied Reliability and is excerpted from PdM Secrets Revealed

Request your FREE copy of PdM Secrets Revealed

ChatGPT with
Find Your Answers Fast