When it comes to business expenses, many companies overlook the importance of preventative maintenance and don’t concern themselves with repairs until there are visible signs of damage. While you’ll spend less money in the short run, ignoring preventative maintenance and waiting until issues become problematic to address them is costlier in the long run.
For example, you might be tempted to ignore a roof that’s in poor condition, but if you wait until you notice a leak it’ll be more expensive to repair. A leak can rot wooden beam or even leak into your facility and damage equipment, leading to even more repairs.
Addressing these maintenance issues before they progress can prevent additional damage. Here are the top three reasons why taking steps to continually maintain your facilities is the smart choice. The small investments you make now will save you a considerable amount of money in the future, and here is why:
1. Fewer Major Repairs
Routine preventative maintenance will result in fewer major repairs. All maintenance issues progress over time, and more damage is done the longer an issue goes unaddressed. If you don’t have a preventative maintenance program, you will have fewer repairs but the repairs you do face will be larger and more complex. Preventative maintenance allows you to break repair projects down and address them over time, making them less overwhelming, easier to handle, and many times less expensive.
2. Extended Lifetime of Assets
When it comes to expenses, many companies make the mistake of only factoring in initial expense. Long-term return on investment is more important than the initial expense, and a good preventative maintenance program will extend the lifetime of your assets. When facilities and equipment are neglected, it decreases their lifetime dependability. In other words, they won’t last as long and will need to be replaced sooner. Replacing equipment is more costly than maintaining it. Spending a little bit of money now on preventative maintenance will decrease expenses in the future.
3. Energy Savings
Facility maintenance is a great way to save on your energy bill. A facility that’s not properly insulated is a waste of energy and money. Windows and vents that are in poor condition can let cold air in during the winter and hot air in during the summer. Consider how much it costs to heat a building for an entire winter. Now consider what happens if energy efficiency is reduced by only 10%. Installing new windows can prevent outside air from coming in and maintaining your ventilation systems will enhance the efficiency of your heating and cooling system, reducing energy consumption. Addressing these small maintenance issues now will save you a lot of time and money in the future.
Why Choose SMS Assist For Your Preventative Maintenance Program
At SMS Assist, we offer customizable preventative maintenance programs to fit your needs. With top-notch asset management, data collection, and vendor management capabilities, cost reduction is assured. Planning a preventative maintenance program for multiple locations has never been easier. Learn more about how SMS Assist can save you time, money, and give you peace of mind by contacting us today.