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Mastering Maintenance: 4 Practical Strategies to Reduce Maintenance Costs

June 16, 2024
Are maintenance costs eating at your budget? You are not alone. With the average organization spending 15-40% of production costs on maintenance, leaders must find innovative ways to cut costs while maintaining asset reliability and worker safety.

In this guide, we’ll walk you through four practical strategies to drive down short- and long-term maintenance costs, all while ensuring the integrity of your valuable assets. 

Read through for steps on how to: 

  • Save money on repairs and replacement parts by frontloading preventive maintenance
  • Increase team productivity by automating workflows
  • Reduce parts costs by digitizing inventory
  • Increase uptime by addressing root causes of issues

 

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