The technical meaning of maintenance involves functional checks, servicing, repairing or replacing of necessary devices, equipment, machinery, building infrastructure, and supporting utilities in industrial, business, governmental, and residential installations. Over time, this has come to include multiple wordings that describe various cost-effective practices to keep equipment operational; these activities take place either before or after a failure.
Unscheduled maintenance can cost a company both productivity and money. When equipment is down, workers aren’t working and products aren’t being produced. The purpose of planned maintenance is to minimize loss of productivity. For this reason, small business owners must keep a close eye on the condition of equipment and buildings. They also need to determine whether equipment should be repaired or is so old that it needs to be replaced. As much as possible, business owners and maintenance planners should schedule maintenance and repair for times outside of the normal course of business, so that work schedules are disrupted as little as possible. This can only be done if equipment is monitored and maintained before it breaks, which is the purpose of planned maintenance.