flevyblog

Flevy Blog is an online business magazine covering Business Strategies, Business Theories, & Business Stories.
MANAGEMENT & LEADERSHIP STRATEGY, MARKETING, SALES OPERATIONS & SUPPLY CHAIN ORGANIZATION & CHANGE IT/MIS Other

Why Regular Equipment Maintenance Is Vital to a Business

Editor's Note: Take a look at our featured best practice, Total Productive Maintenance (TPM) (234-slide PowerPoint presentation). Total Productive Maintenance (TPM) is a comprehensive approach to equipment maintenance that aims to optimize equipment efficiency, reliability, and performance. It involves a holistic approach to maintenance, encompassing both the technical and the human aspects of equipment management. [read more]

* * * *

Regular maintenance can keep your business running smoothly and prevent any significant damage. You need to look after your business’ equipment – whether you use manufacturing machines or technological equipment. These days most businesses rely on technology for admin processes, customer service and advertising. If a machine crashes, the whole process can be disturbed, and you will be dealing with a much bigger problem.

Here are a few reasons why maintenance is an essential part of your business.

Extends the Lifespan of Equipment

Tech equipment is expensive. Small problems with your devices can quickly deteriorate, and you will need to buy new equipment in the future. Regular maintenance checks can identify any problems early on so you can get them fixed and sorted. You can avoid expensive repairs and keep your devices in optimal condition.

Avoid Downtime

There is nothing more frustrating than unplanned downtime. If a device breaks, it can interrupt your business processes and cause unplanned downtime. Tasks are delayed, money is lost, and you will have very high stress levels. For example, an engine hoist is an essential piece of equipment for automotive work, if this breaks you will most likely have to stop work for the day. Maintenance checks can identify these problems before the device breaks unexpectedly.

Reduce Energy Consumption

When devices start working inefficiently, they consume more energy and cost a lot more to operate. You fix these issues early on and keep your equipment at maximum efficiency.

Train Your Technicians

Larger organisations tend to have an in-house team of technicians on standby. You need to provide proper training to this team so they can recognise and deal with issues properly. The right training can prevent unnecessary repairs and save you a lot of money down the line.

Data Security

Cyberattacks are a major threat to modern-day businesses. Your software needs to be updated regularly, and your device needs to be functioning properly. A damaged device can be easier to access for cybercriminals. Your slightly broken laptop might be a weak link in your company’s cybersecurity system. Hackers can get into your system and access private data, bank details and investor information.

Help Your Business Run Effectively

You need to schedule proactive and preventative maintenance checks regularly. You can reduce the number of inconvenient breakdowns and save money on repair costs. Do not wait for your machine to break down.

Your machines need to run effectively so your team can work productively. Issues with machines and equipment can slow down work processes and frustrate staff members.

Schedule your next company maintenance check today to avoid a hefty bill down the line.

139-slide PowerPoint presentation
The goal of Total Productive Maintenance (TPM) is to increase equipment effectiveness so that each piece of equipment can be operated to its full potential and maintained at that level. To maximize equipment effectiveness, you need a measurement tool that can help you understand your [read more]

Do You Want to Implement Business Best Practices?

You can download in-depth presentations on TPM and 100s of management topics from the FlevyPro Library. FlevyPro is trusted and utilized by 1000s of management consultants and corporate executives.

For even more best practices available on Flevy, have a look at our top 100 lists:

These best practices are of the same as those leveraged by top-tier management consulting firms, like McKinsey, BCG, Bain, and Accenture. Improve the growth and efficiency of your organization by utilizing these best practice frameworks, templates, and tools. Most were developed by seasoned executives and consultants with over 20+ years of experience.

Readers of This Article Are Interested in These Resources


Excel workbook
This Excel workbook contains 30 templates for Total Productive maintenance ( TPM ) concepts. Templates include OPL ( One point Lesson) Gantt Chart, Why Why Analysis, Overall Inspection, Jishu Hozen Step - 4 , List of "Fuguai" in the Equipment, Why Why Because Logic [read more]


 
57-slide PowerPoint presentation
 
 
208-slide PowerPoint presentation

About Shane Avron

Shane Avron is a freelance writer, specializing in business, general management, enterprise software, and digital technologies. In addition to Flevy, Shane's articles have appeared in Huffington Post, Forbes Magazine, among other business journals.


Complimentary Business Training Guides


Many companies develop robust strategies, but struggle with operationalizing their strategies into implementable steps. This presentation from flevy introduces 12 powerful business frameworks spanning both Strategy Development and Strategy Execution. [Learn more]

  This 48-page whitepaper, authored by consultancy Envisioning, provides the frameworks, tools, and insights needed to manage serious Change—under the backdrop of the business lifecycle. These lifecycle stages are each marked by distinct attributes, challenges, and behaviors. [Learn more]

We've developed a very comprehensive collection of Strategy & Transformation PowerPoint templates for you to use in your own business presentations, spanning topics from Growth Strategy to Brand Development to Innovation to Customer Experience to Strategic Management. [Learn more]

  We have compiled a collection of 10 Lean Six Sigma templates (Excel) and Operational Excellence guides (PowerPoint) by a multitude of LSS experts. These tools cover topics including 8 Disciplines (8D), 5 Why's, 7 Wastes, Value Stream Mapping (VSM), and DMAIC. [Learn more]
Recent Articles by Corporate Function

  

  

  

  

  

The Flevy Business Blog (https://flevy.com/blog) is a leading source of information on business strategies, business theories, and business stories. Most of our articles are authored by management consultants and industry executives with over 20 years of experience.

Flevy (https://flevy.com) is the marketplace for business best practices, such as management frameworks, presentation templates, and financial models. Our best practice documents are of the same caliber as those produced by top-tier consulting firms (like McKinsey, Bain, Accenture, BCG, and Deloitte) and used by Fortune 100 organizations. Learn more about Flevy here.
  


OUR CORE OFFERINGS
Flevy Marketplace: Top 100
· Strategy & Transformation
· Digital Transformation
· Operational Excellence
· Organization & Change
· Financial Models
· Consulting Frameworks
· PowerPoint Templates
FlevyPro (Subscription Service)
KPI Library
Streams (Functional Bundles)
Flevy Executive Learning (FEL)
PowerPoint Services

FREE Resources

About Flevy
Management Topics
Marcus (AI-Powered Consultant)
Partner Program
LinkedIn Influencer Marketing
FAQ / Terms / Privacy / Blog
Contact Us: support@flevy.com



CONNECT WITH US!
       
TOP 100 TRENDING TOPICS
Acquisition Strategy
Agile
Analytics
Artificial Intelligence
Balanced Scorecard
Best Practices
Big Data
Breakout Strategy
Business Continuity Planning
Business Plan Financial Model
Business Transformation
CMMI
COBIT
Change Management
Cloud
Communications Strategy
Company Financial Model
Competitive Advantage
Competitive Analysis
Consulting Frameworks
Continuous Improvement
Core Competencies
Corporate Culture
Cost Reduction Assessment
Customer Experience

BROWSE BY FUNCTION
Strategy, Transformation, & Innovation
Digital Transformation
Operational Excellence and LSS
Organization, Change, & HR
Management Consulting

Customer Journey
Customer Service
Cyber Security
Data Privacy
Decision Making
Digital Marketing Strategy
Digital Transformation
Digital Transformation Strategy
Due Diligence
ESG
Employee Engagement
Employee Training
Enterprise Architecture
Growth Strategy
HR Strategy
Hiring
Hoshin Kanri
ISO 27001
ITIL
Information Technology
Innovation Management
Integrated Financial Model
Kaizen
Kanban
Key Performance Indicators

ADDITIONAL RESOURCES
Business Strategy Frameworks
Case Studies
Consulting Training Guides
COVID-19 Trend Data
Digital Transformation
Financial Advising Services (FAS)

Knowledge Management
Leadership
Lean
Lean Manufacturing
Logistics
M&A (Mergers & Acquisitions)
Manufacturing
Market Research
Marketing Plan Development
Maturity Model
McKinsey PowerPoint
McKinsey Templates
Operational Excellence
Organizational Change
Organizational Design
Performance Management
Post-merger Integration
Pricing Strategy
Process Improvement
Process Maps
Procurement Strategy
Product Launch Strategy
Product Strategy
Project Management
Quality Management


Free Resources
KPI Library
Lean Management
Lean Six Sigma Training Guides
Marcus Insights
Operational Excellence

Real Estate
Remote Work
Restructuring
Risk Management
Robotic Process Automation
SWOT
SaaS
Sales
Scrum
Service Design
Six Sigma Project
Social Media Strategy
Strategic Planning
Strategic Thinking
Strategy Development
Supply Chain Analysis
Sustainability
Target Operating Model
Team Management
Total Productive Maintenance
Value Chain Analysis
Value Creation
Value Stream Mapping
Visual Workplace
Workplace Safety


Product Strategy
Small Business Owner
Startup Resources
Strategic Planning
Strategic Planning Process
Value Innovation Strategy


© 2012-2024 Copyright. Flevy LLC. All Rights Reserved.