Mainpac Enterprise Asset Management (EAM) is a modern web based enterprise asset management solution set that supports asset intensive organisations to realise their corporate goals. Our solutions help extend asset life cycle, reduce maintenance costs and increase asset availability and operational effectiveness.

1. Downtime and
Equipment Failures:
The Importance of
Knowing Their True
Costs
Is preventive maintenance such a big deal? Perhaps this is the biggest
question many business owners have.
The consequences of downtime and
equipment failure are something
that manufacturing companies could
not afford to ignore. If business
owners made a decision to delay the
needed repair or replacement, the
impact might be worse than they
can imagine.
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2. It Affects Employee Productivity
When the equipment is damaged or
broken, or the system experience
downtime or outage, the
productivity of employees will suffer.
If lifting equipment or cutting
machine fails, for instance, company
owners will face a repair-or-replace
decision. There will be an impact on
the cost of labour, as employees sit
idle for a few hours and waiting for
work to resume.
It is important to know that service disruption and staff discomfort are only
one part of the costs every manufacturing company owner should consider.
It Harms Company’s Reputation
Apart from workers, equipment is the
lifeblood of any manufacturing
company. This is why when system
downtime and equipment failure
occurs; the disruption to the job is
serious business. It does not just
affect the company’s reputation, but
also profit and revenue. In addition,
there will be some lost opportunities
to get more customers.

3. As online publication Examiner.com
puts it: “Not only are manufacturing
breakdowns costly in terms of lost
profits, they incur a variety of direct
and indirect costs. Direct costs
include the expensive parts that
must be ordered along with freight
and delivery charges. Indirect costs
include wages paid to idle workers
and potential relationship and
reputation damage when finished
goods fail to arrive on time.”
Sure, equipment deterioration is normal, but an effective preventive
maintenance program, can delay failure. Using preventive maintenance
software begins the minute it is bought, and it does not end until
replacement or repair of equipment and machinery. Staying committed to
maintenance procedures is the key to minimise the damage of unwanted
consequences. The cliché, “Nothing lasts forever,” says it all.
Resources:
http://www.examiner.com/article/is-your-manufacturing-equipment-on-a-
preventative-maintenance-schedule
http://www.mainpac.com.au/preventive-maintenance-software
http://smallbusiness.chron.com/labor-equipment-affect-cost-control-
72139.html