It’s estimated that lubrication-related equipment failures cost U.S. businesses as much as $1 trillion per year. Losses accrue in several areas, including:
- Lost productivity
- Costly reactive maintenance
- Scheduled and unscheduled downtime
Precision Lubrication Decreases Maintenance Downtime
One common cause of equipment downtime is bearing failure. Amazingly, it is estimated that bearings fail at the end of their natural fatigue limit less than 10 percent of the time. That means that more than 9 out of 10 bearing failures are premature and, therefore, also avoidable.