Preventative Maintenance Principles Every Business Should Follow

In competitive industries, sometimes the best way to out-perform the competition is to run a lean operation. And since a huge part of any budget is tied up in maintenance and materials, becoming “lean” requires breaking down those parts of your business to spot the inefficiencies. The real question when it comes to operational costs, however, is how much time, money and labor in your current maintenance budget is wasted, and how can you increase efficiency to drive down those costs?

The answers are complex. But as with most business management problems, achieving efficiency in maintenance has a lot to do with following sound principles. Preventive maintenance principles that matter most, I think, are those that have to do with organizing the information that your entire system is based on so that you can then make data-driven decisions that can cut waste and work out of the way your company does maintenance altogether. Continue reading “Preventative Maintenance Principles Every Business Should Follow”