There are a wide range of benefits that can be realised from implementing PdM impacting both costs and quality across many common business activities.
Through predicting failures and actively monitoring performance PdM can save both time and money. Once committed to a PdM programme organizations can expect to realise significant improvement in asset reliability and efficiency. For example:
- 10x Return on Investment (ROI)
- 25-40% reduction in maintenance costs
- 70-75% elimination of breakdowns
- 35-45% reduction in downtime
- 20-25% increase in production
The time taken to achieve these benefits varies of course but often positive returns start within a year. The most successful preventative maintenance programmes take time and effort to develop, implement, and tune but the payback makes those investments very worthwhile.