The generally-accepted industry ‘rule of thumb’ states that reactive maintenance is three to four times more costly than preventive maintenance. However, a ‘rule of thumb’ statistic can be hard to sell to management when budgets are tight.
In their book, “Maintenance Excellence, Optimizing Equipment Life Cycle Decisions”, John Campbell and Andrew Jardine address the ‘rule of thumb’ and quantify the cost saving potential. They proposed that maintenance work can be broken down into three categories, each with an assigned cost unit.
Use our FREE online calculator - based upon Campbell’s and Jardine’s theory - to see how much you can save by allocating only 10% more of your operating budget to planned (preventive) maintenance activities. The results may surprise you!