A report on predictive maintenance by a leading lubricant manufacturer argues that the practice has the potential to increase overall productivity and profitability in the manufacturing sector.

Predictive maintenance: Is the timing right for predictive maintenance in the manufacturing sector relies upon examples of results achieved in other industries and reinforces the relevance of exploring new predictive maintenance technologies.

According to the report, energy companies have eliminated 75% of breakdowns through the implementation of predictive maintenance programmes, which equates to almost eight in 10 breakdowns.

“Maintenance is increasingly seen as a strategic business function by manufacturers looking for new opportunities to drive efficiency and lower costs,” said Bryan Rabenau, Castrol innoVentures’ territory leader.