Preventive maintenance is crucial in business for several reasons:
Cost Savings: Regular maintenance can prevent major breakdowns, reducing the need for expensive emergency repairs or replacements. Increased Efficiency: Well-maintained equipment operates more efficiently, reducing energy consumption and increasing productivity. Safety: Regular inspections and maintenance can identify potential hazards, ensuring a safer working environment for employees. Compliance: Many industries have regulatory requirements for maintenance. Adhering to these can avoid fines and legal issues. Asset Longevity: Routine maintenance extends the life of equipment, delaying the need for expensive capital investments.