They say an ounce of prevention is worth a pound of cure, and there is perhaps no place that is truer than in the lubrication industry. That's why it's important to learn proper lubricant and oil storage techniques. Though it is sometimes easy to overlook or deem proper storage a low priority, taking a few easy steps now goes a long way in preserving your materials and preventing degradation in the future.

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.

Your plant’s success depends on every person involved in its operations and maintenance, including contractors. Whether you’ve hired third-party professionals to supplement your workforce during a scheduled maintenance downturn, or you’ve added contractors to your team permanently, their efforts and competencies help fuel your entire team’s progress.