What Is Precision Maintenance and Its Benefits with Examples?

There are various types of maintenance. Some of them are reactive in nature, some are proactive, and then there is precision maintenance! When you apply precision maintenance in your practice and an organization, it decreases the machine's vibration, increases efficiency, and reduces maintenance costs.

You will notice its output from the beginning and afterward! Furthermore, assets and equipment do not suffer from breakdowns; they run splendidly for longer. Asset efficiency and accessibility all increase. You get more opportunity to make more items, at less cost, to sell for more profit, utilizing fewer people.

At the point when precision maintenance is properly applied, there is an amazing improvement in gear reliability and a huge, sustained reduction in overall operational costs that flows through to new and ongoing operating profits.

By implementing a precision maintenance program, you commit to ensuring failure prevention and defect elimination in the tasks performed on your machines and equipment by your maintenance and operations people. Thanks to precision maintenance! But what is precision maintenance?

What Is Precision Maintenance?  

Precision maintenance is a term combined with two words: precise, which means accuracy, and maintenance, which means the act of maintaining. The accuracy is needed in maintaining assets so that assets become more reliable and performance is increased. In this maintenance, small details are noticed, and work is done on them as well. To make precision maintenance successful, asset history is also explored so that technicians can make decisions based on accurate information.

What Are the Important Factors of Precision Maintenance?  

Below we have discussed several important factors of precision maintenance that organizations need to understand first before implementing it:

1. Proper and accurate documentation is done to maintain asset accuracy!
2. High-skilled & knowledgeable employees are required to those who know machines to maintain the effectiveness of precision maintenance.
3. Training must be given to the maintenance team for effective and accurate maintenance.
4. Precision maintenance can be time-consuming.
5. Accuracy of maintenance varies from industry to industry and operation to operation.
6. To maintain preciseness, good quality inventory is utilized and best practices are implemented by maintenance managers.
7. Technicians shall have access to inventory and necessary equipment other than this asset history and manual shall be accessible.

What Are the Benefits of Precision Maintenance?  

The benefits of precision maintenance are as follows:

1. Minimizing Downtime  

Downtime is always a big issue for an organization, as downtime is a factor in decreased productivity. When precision maintenance is applied, it is simpler for technicians to follow a standard of the same maintenance.

2. Increasing Efficiency  

When assets are provided with precision maintenance, it leads to more efficiency, performance is also increased, and equipment can operate longer than before. Overall, the productivity of equipment increases, and it also affects the bottom line by boosting it.

3. Avoiding Sudden Breakdown  

Sudden asset breakdown can result in halted work procedures. It impacts the production work, especially if new products are created. It results in inventory wastage. But with precision maintenance, you can avoid sudden breakdown.

4. Continuous Improving Process  

This process is a long and continuous process to make it better and more efficient. This makes assets and equipment stronger, healthier, and extends asset life.

What Are the Examples of Precision Maintenance?  

Precision is done in many ways and to do several factors are considered, such as those related to inventory, asset, environment, planning, and so on. Examples of precision maintenance are as follows:

1. An environment that is clean and hygienic
2. High-quality lubricant
3. Calibration and adjustment are also done
4. An inventory shall be available in stock

A real scenario is if a machine is making 100 revolutions in a minute, which is over-performing because it is leaving heat. Then changes are made; revolutions are decreased so that heating is controlled. It only makes the machine perfect & ensures power is also boosted.

Conclusion  

We know that every organization has lots of assets and keeping them maintained is a huge task. That is why you need to invest in Helpdesk and Ticketing software. It provides several benefits including maintenance. You can keep track of maintenance and also maintain each asset's history that can help in managing the life cycle. Furthermore, Helpdesk and Ticketing software helps in tracking maintenance for every piece of equipment, and precision maintenance can assist in accurate maintenance.

At the point when implemented properly, a precision maintenance plan can be a huge boon in terms of reducing downtime and increasing production levels. Although it requires careful planning through documentation and skilled representatives to perform maintenance work at its highest possible level.

Frequently Asked Questions (FAQs)  

What are the advantages of asset management for an organization?  

The advantages of asset management are as follows:

  1. Avoid asset theft

  2. Asset tracking

  3. Maintenance tracking

  4. Asset management reports

  5. Informed decision-making

  6. Better inventory management

  7. Saving unnecessary expenses

  8. Increasing asset life  

How can an organization start a precision maintenance program?  

  1. Categorize each piece of equipment as per the criticality and dependency! If assets require high maintenance, moderate maintenance, or low maintenance.

  2. Ensure the maintenance team has knowledge & understanding of existing assets and equipment. They are skilled and training is provided to everyone. At regular intervals, training is provided whenever a new update is launched or a new machine is purchased.

  3. Invest in the required asset management software.

  4. Ensure the availability of required equipment and inventory for technicians.

What are the different types of maintenance?  

Corrective maintenance, condition-based maintenance, preventive maintenance, predictive maintenance, emergency maintenance. Preventive maintenance and predictive maintenance are the most used maintenance types. According to Statista, “It is expected that the global predictive maintenance market will reach around 23.5 billion U.S. dollars by 2024. The market is expected to grow at a compound annual growth rate of almost 40 percent between 2018 and 2024.”