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  • Maximizing ROI Through Advanced Maintenance Strategies: Leveraging Preventive and Predictive Maintenance for Industrial Machinery
    Industrial Engineering

    Maximizing ROI Through Advanced Maintenance Strategies: Leveraging Preventive and Predictive Maintenance for Industrial Machinery

    August 27, 2024 /

    The financial and operational impact of maintaining industrial machinery is considerable. To stay competitive and secure a strong ROI, companies must adopt new technologies and management practices that reduce maintenance costs and equipment downtime. The maintenance, repair, and operations market is anticipated to reach $701.3 billion globally by 2026, driven by the costs associated with aging equipment. Unplanned downtime often results from mechanical issues, operator errors, insufficient maintenance time, and poor design. One approach to reducing maintenance requirements is to utilize components that require minimal upkeep, such as ultrasonic clamp-on meters. Commonly used in the water distribution sector, these meters are nearly maintenance-free due to their lack of moving parts.…

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    Tina Tuggle Comments Off on Maximizing ROI Through Advanced Maintenance Strategies: Leveraging Preventive and Predictive Maintenance for Industrial Machinery

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