Plastic Process

The run-to-failure approach of maintenance can lead to catastrophic asset damage as parts begin to vibrate, overheat, and break, reinforcing the adage “pay me now or pay me later.” Additionally, while run-to-failure may be an acceptable approach for some assets, the unplanned downtime when the assets ultimately fail is almost always more expensive and time consuming. Conversely, a preventive maintenance strategy to frequently replace parts and service equipment can increase replacement costs over time and increase planned downtime and disruption to operations.