Equipment maintenance can be expensive, both financially and in terms of time. How can you maintain competition and make a profit (ROI) from your investment? In this section, we briefly discuss administrative strategies and technology advancements that are used to cut down on equipment and maintenance downtime. By 2026, the market for maintenance, repair, and operations is anticipated to reach $701.3 billion. A few different variables in the industrial settings influence this high cost. Unplanned downtime is mostly caused by out of date resources. Unscheduled equipment downtime, according to maintenance…
Read MorePredictive Maintenance Is Key To Decreasing Downtime
