Exploring The Costs Of Poor Lubrication In Industrial Machinery
The overall cost of oil goes well beyond the price tag on the barrel or container. There are disposal costs and labor expenses, as well as the possible negative effects on productivity. All in all, while the cost of a gallon of oil may be $5, the cumulated amount can be almost 40x that when two man-hours of direct labor and a purchase order is included.
It is essential for the cost effectiveness of your operations to ensure that all machinery is performing at optimal levels. A vital aspect of this maintenance is proper lubrication and completing regular oil changes. However, suitably greasing all the moving parts of equipment — along with the moving parts in the business — can give rise to unexpected costs. Here is a closer look at the hidden costs of mismanaged lubrication in industrial settings.