With all of the responsibilities that business owners must worry about, it is tempting to let some of their responsibilities slide, whether it be to save money or reduce the amount of work that is necessary. However, one area that a business must never forget is that of equipment maintenance. Keeping up with company maintenance is essential when it comes to business success. Here are just a few reasons why.
Equipment that fails can become a hazard for employees who are using it. Employees can become injured when a machine suddenly stops in the middle of operating or of a machine overheats and causes serious burns. Failing to keep equipment properly maintained can lead to lawsuits and can also lead to more expensive workers compensation insurance premiums.
Equipment Will Fail
Poorly maintained equipment must be replaced more often. Then you will need to choose a laboratory electric mixer again rather than continuing to use the already-existing mixer, for example. While equipment will eventually fail, it is often cost-prohibitive to keep replacing old equipment.
Repairs Become More Expensive
Repairs for poorly maintained equipment are more expensive. Small components that need to be replaced can cause more expensive damage elsewhere if they are not replaced promptly. Failing to keep a machine cooled and well-lubricated can cause it to overheat and can lead to an engine failure. In some cases, repair costs may exceed the original cost of the machine.
Your Warranty Might Be Voided
Failing to maintain equipment can lead to a warranty being voided. Some pieces of equipment have a bare minimum level of maintenance that must be performed. If there is evidence that you have not performed the bare minimum, this may void your warranty and you may not be allowed to have the equipment replaced for free.
Downtime Is Expensive
Machinery downtime can cost money. Depending on the volume of your firm’s production, any loss of productivity can be more expensive even than the cost of repairs you would have to make. Also, it is difficult to measure the costs associated with having your reputation damaged.
If you do not want to spend money on equipment maintenance, consider hiring a repair technician. Then, you will have a specialist on staff who will be busy making sure that your equipment is well-maintained and safe. Regardless of how you keep your machines maintained, make sure to always do so following the recommendations in the owner’s manual.