Reacting to an event in any industry means you are operating against the clock, as the event has already occurred. You are looking for solutions and asking for assistance through your vendor management efforts, without the luxury of time to plan and consider getting the most cost-effective solutions. You just get a solution… eventually.

For this you PAY!

In order to avoid these costly reactive maintenance fees, businesses must plan ahead and be proactive about their maintenance strategy. By being proactive and planning for potential events or issues, businesses can save big in the long run.

So, what can you do to protect against these enormous cost implications?

Tips for Delivering Reactive Maintenance in a Planned Manner.

Some tips for being prepared for reactive maintenance include:

• Maintain strong vendor management & supplier management relationships.
• Update vendor management systems
• Build contingency plans for critical assets and events to mitigate downtime and elongate business continuity.
• Collaborate with industry partners.
• Strategically locate spares for timely access.
• Prioritise planned maintenance tasks for higher criticality assets and fault types.
• Review high-risk supply chains in your inventory or network to mitigate against supply delays.
• Use collaborative portals like Critical Assets to ensure you gain visibility of stock availability and delivery time for your most important items.

But the moral of the story is, don’t wait until it’s too late to plan for your maintenance strategy.

By being proactive, knowing your contingency plans and gaining access to current stock levels and delivery times for the items most important to you, you can save big!

Labouring on this last dot point specifically, it answers many of the prior dot points in one. However, we never recommend taking attention away from your relationships with Vendors and Suppliers and of course maintaining your governance through your vendor management processes or provider.

However, all these things still leave a big gap in you gaining certainty that you can access those things most important to you, should you need them, without having to buy them in advance.

Even the best relationship possible can’t conjure something out of nothing if supply has fallen off a cliff.

Knowing stock availability, lead time and demand competition – as provided by Critical Assets, as an industry-first service, means you are now able to respond to almost all of your reactive maintenance events in a planned manner and save on that enormous maintenance bill.

All too often we see people miss the ‘sleep well at night factor’ offered by strong relationships combined with a catch all like Critical Assets to ensure you are prepared for the worst – and at a very small price compared to even one reactive maintenance event.

Summary – The Cost of Reactive Maintenance

What did your last reactive maintenance event cost you? How much could you have saved if you had been proactive? We would love to hear your story in the comments below!

If you enjoyed this blog post, be sure to check out our other blog posts on maintenance strategy and tips! And don’t forget to follow us on social media for more updates and tips!