The Top Benefits of Predictive Maintenance
Updated on June 13, 2023
A decade ago, predictive maintenance was relegated to only the most advanced global enterprises. Today, advancements in cloud computing, sensor-driven technologies, and high-speed networks have made predictive maintenance accessible to everyone. Still, McKinsey notes that many organizations are faltering regarding implementation.
Let’s discuss some of the top benefits of predictive maintenance and what keeps companies from reaping the benefits.
What Is Predictive Maintenance and How Does It Work?
Predictive maintenance uses data gathered from sensors, algorithms, and historical data to anticipate equipment failures. By analyzing past performance and trends, predictive maintenance can help you proactively schedule maintenance for machinery or other assets before an issue occurs.
This proactive approach can save companies significant money by avoiding unplanned downtime. Predictive maintenance solutions, such as LLumin’s computerized maintenance management software (CMMS+), improve safety, increase equipment life spans, and boost overall efficiency.
The Top Benefits of Predictive Maintenance
As with any new technology, everyone understands the benefits—but successful implementation is not always easy to achieve. The right predictive maintenance platform will ease process disruption and reduce the risk of non-adoption or deployment.
|1. Early Fault Detection and Fewer Equipment Failures||Predictive maintenance detects and resolves issues before they cause disruptions or downtime. Accurate data collection is crucial, and LLumin’s CMMS+ connects to real-time sensors, providing alerts based on equipment conditions and rules.|
|2. Reduced Mean-Time-To-Repair (MTTR)||Predictive maintenance reduces mean-time-to-repair (MTTR) by detecting problems early and alerting facility maintenance technicians with detailed information. LLumin’s CMMS+ tracks work orders from start to finish, improving maintenance processes and reducing repair times. Technicians can plan ahead based on sensor-driven data for efficient remediation and resource allocation.|
|3. Increase Asset Uptime and Improve Labor and Resource Efficiency||Predictive maintenance optimizes operations and asset efficiency by maximizing uptime and streamlining maintenance processes. LLumin’s CMMS+ provides comprehensive reports, simplifies work schedules, and enables rapid completion. It identifies machines that require action in advance, allowing for better resource allocation.|
|4. Longer Asset Lifetime||Predictive maintenance extends asset life by detecting problems early and keeping a complete history of work orders. LLumin helps facility managers make informed decisions regarding asset replacement or refurbishment.|
|5. More Efficient and Effective Repairs||Data-driven repairs identify the root causes of problems, enabling efficient maintenance. LLumin CMMS+ provides all necessary information for ordering parts and scheduling repairs, allowing technicians to prioritize tasks quickly and determine urgent repairs.|
|6. Improved Workplace Safety||Predictive maintenance enhances workplace safety by identifying potential hazards before accidents occur. LLumin’s CMMS+ uses sensor-driven data and an alerting system to mitigate safety issues and incidents, even when maintenance teams are off-site.|
1. Early Fault Detection and Fewer Equipment Failures
Predictive maintenance helps you find and fix problems before they cause disruptions or downtime.
But any “intelligent” system needs the right data. Companies may struggle to collect accurate data from their assets if sensor-based systems are unreliable or are simply not monitoring the right conditions and parameters. If the platform isn’t collecting accurate data, algorithms won’t trigger actions correctly.
LLumin’s CMMS+ connects to real-time sensors to provide alerts upon issue or event detection. Within the CMMS+, you can create maintenance actions and outcomes based on equipment conditions and associated rules—and make sure repairs are made before problems arise.
2. Reduced Mean-Time-To-Repair (MTTR)
Predictive maintenance reduces mean-time-to-repair by identifying issues early and scheduling downtime when most convenient. To reduce this time-to-repair metric, you need a system that will alert facility maintenance technicians swiftly—and provide accurate, detailed information to prepare them for actions they are expected to take.
For a company to take advantage of this major predictive maintenance benefit, they need a clear, nimble, and easy-to-use system for their maintenance team. A system, such as LLumin’s CMMS+, provides comprehensive reports on any parameter or information set that is critical to operations success, plus a system that facilitates work scheduling and rapid completion. You can also use the data gathered by the CMMS+ to schedule preventive maintenance and other planned tasks when they are most convenient and potentially least expensive.
4. Longer Asset Lifetime
Predictive maintenance extends the life of your assets by catching problems early. The better your maintenance, the less likely the asset is to experience a catastrophic failure. Each significant failure can shorten the lifespan of the asset—and ROA.
LLumin’s CMMS+ keeps a complete history of all work orders, so you can see exactly what has been done to each piece of equipment. This data can help facility managers decide when to replace assets or undertake major refurbs.
5. More Efficient and Effective Repairs
Make more efficient and effective repairs using data to identify the root cause of problems. Sensor data-driven actions and well-engineered work orders won’t keep maintenance technicians guessing.
LLumin CMMS+ gives your maintenance team all the information they need to order parts when needed—and schedule their repairs when it’s most efficient. Maintenance technicians can see all the tasks required at-a-glance and which repairs and actions are most urgent.
6. Improved Workplace Safety
Improve workplace safety by identifying potential hazards before they cause accidents. Sensor-driven data can reveal potentially dangerous issues, such as severe failures. Further, predictive maintenance lessens the chances that equipment could fail unsafely and unexpectedly while employees are in the area.
LLumin’s CMMS+ has a rules-based alerting system. Your maintenance team won’t even need to be on-site to see that a critical asset is reaching high levels of risk. Proactive actions are almost always more accurate, reducing potential safety issues or incidents.
LLumin’s CMMS+ and the Benefits of Predictive Maintenance
Predictive maintenance is vital to any modern and effective asset management strategy. Using data to identify problems early can avoid the costly downtime and production loss associated with unplanned outages.
Still, you need the right system, which must be appropriately implemented. To engage in preventive maintenance, you must collect accurate information and build the processes necessary to use that information effectively.
LLumin’s CMMS+ provides the tools and the training you need to implement a predictive maintenance platform that will help you increase asset ROI and improve operations productivity.
So if you are looking for a cutting-edge CMMS+ with a seamless implementation process and an expert customer support staff, then LLumin is a perfect fit.
Getting Started With LLumin
LLumin develops innovative CMMS software to manage and track assets for industrial plants, municipalities, utilities, fleets, and facilities. To get started and reap the benefits of preventive maintenance, we encourage you to schedule a free demo or contact the experts at LLumin to see how our CMMS+ software can help you reach your efficiency and cost-cutting goals.