The right choice of lubricant can deliver significant business value by contributing to improved productivity and reduced costs. However, the potential impact of lubricants is often significantly underestimated. Understanding how lubricants contribute to Total Cost of Ownership (TCO) is the first step to realising potential savings.
Total cost of ownership
When evaluating the effect of lubricants on TCO, we consider the end to end impact on maintenance budget and processes, but also any costs related to lost production during equipment downtime. Optimising lubrication can have a significant impact on component life, maintenance costs, and unplanned downtime so can contribute to cost savings far higher than the price of the lubricant itself.
Delivering savings with high quality lubricants
A high quality lubricant or grease that keeps equipment clean of deposits and effectively protects against wear and corrosion can help extend equipment life, reduce frequency of breakdowns and increase the machine’s availability. This can significantly decrease spend on spare parts and maintenance.
How the impact of lubricants has been underrated
Lubricants impact product costs. Poor lubricants can stall production, increase maintenance, or decrease the life of a component.