Which maintenance strategy is most effective at saving both time and money?

Preventive maintenance is considered the most effective strategy for saving both time and money because it involves regular, scheduled services and inspections to ensure that equipment and systems operate efficiently. By addressing potential issues before they escalate into larger, more costly problems, preventive maintenance helps avoid unexpected equipment failures that could disrupt operations and require emergency repairs.

This proactive approach extends the lifespan of equipment and reduces the likelihood of downtime, ultimately leading to lower operational costs. When facilities implement preventive maintenance, they can allocate resources more effectively, ensuring that maintenance tasks are performed in a timely manner without the urgency and higher costs associated with reactive maintenance, which responds to breakdowns after they occur.

Overall, preventive maintenance creates a more stable and predictable environment within the facility, making it a financially savvy choice for long-term management and operational efficiency.