In our previous blog ‘From Reactive to Predictive: Smart Asset Management with GeoPal’ we note that poor maintenance strategies have been reported to reduce productive capacity from between 5% to 20% yearly (McKinsey). This is because organisations employing reactive strategies essentially treat the symptom of the problem rather than the root cause. Some of the common pitfalls of reactive maintenance include:
- Decreased Life Expectancy of Assets: Faster asset deterioration due to fix/break models.
- Safety Issues: Time pressures associated with reactive repairs cause increased risk taking
- Unplanned Expenditure: Unpredictable failure causes financial budgeting difficulties.
- Reduced Efficiency: Unscheduled repairs consumption leads to disruption and delay.
- Unpanned Asset Downtime: Assets are ‘offline’ for uncertain or lengthy periods.
- Reduced Productivity: Waiting times for spare parts delivery and permit approvals.
- Collateral Damage: Minor issues can quickly escalate into total system failures.
- Repeat Issues: Temporary repairs and ‘symptom management’ lead to repeat issues.
- Increased Energy Costs: Damaged assets often have higher energy consumption.