Given that a moderately sized UK plant will spend £250,000 annually on plant maintenance, a saving of £62,000 plus additional savings on production, power and ancillary activities represents a very good return on implementing our CM program.
Condition Monitoring Benefits
Condition Monitoring (CM) will help predict equipment failure, thus the cost of repair will be lower and the time to effect the repair will be shorter, plant will restart quicker.
You can reduce or eliminate routine machine shutdown.
Prediction of failures can help with shutdown planning, enabling further works to be planned and completed in what would normally be an unexpected shutdown.
A proven CM routine should enable you to negotiate better plant insurance rates.
You can “push” process machines harder to gain extra production if needed whilst monitoring plant condition.
The common denominator of all these benefits is cash. Improved process plant availability, and reduced maintenance costs effectively mean a more profitable production plant.
In 1988 the DTI reported that companies who have implemented a CM program on their plant on average spend 25% less on maintenance of the plant than companies who have no CM program.