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How can you reduce the cost of lubrication?

In the current economic climate, many companies are looking to reduce costs where possible to remain competitive. For mechanical devices to operate effectively and remain in good working order, efficient lubrication of all working parts us essential. Oils, greases and fluids seal and protect equipment from wear and contaminants, while ensuring all components move freely and easily to deliver optimum performance.

However, there are some key choices companies can make regarding their lubrication maintenance that can amount to significant savings. In the following sections, we’ll look at four ways businesses can cut down the costs involved in their routine lubrication schedules.

Limit the number of suppliers you use

An excellent start is to examine how many suppliers you use. The reason for this is quite simple – every supplier contact will take up your time, and because of this fact, will cost money. When you add up all the hours used for negotiations, meetings and other administrative jobs, like drawing up contacts and agreements, adjusting prices and other practical tasks, you’ll find that extensive time is spent dealing with these duties.

To this end, reviewing your list of suppliers periodically can be worthwhile, and enlisting the services of as few as possible to reduce time wastage is wise. Where possible, collaborate more with the suppliers you retain and get the most from their available product selection.

Reduce how many products you use

The greater diversity of lubricants you use on site, the more energy and time will be required to organise them. From purchase order management to receiving and checking in stock and invoices, all work will be multiplied by the number of different lubricants you use. The time and labour required to manage each different order hikes the price of each product, as it’s time you could be using more productively for your business.

While some equipment will require specialist lubricants, many can use the same types of oils and greases to function properly. With this in mind, streamline the range of lubricants you use to save money.

Smarter ways to lubricate

Oil change intervals cost both money and time. From draining and handling used oil that is no longer fit for service to collecting and replenishing equipment with a new supply, the process of changing over lubricants can take hours for each piece of equipment. The time this task takes is also impacted by how many lubricating points a machine has, along with the number of different lubricants it requires to operate.

To reduce costs, accurate documentation is key. Map out a preventative maintenance schedule and record your results. Your file will show exactly what products were used, when intervals were performed and how much time each task takes. You can then be sure you’re only performing changes when necessary and never wasting your stores.

Finally, by selecting greases and oils of a higher technical standard, your company can enjoy many benefits that will cut down maintenance costs. Higher quality oil will lower consumption and offer longer intervals between changes, saving you both time and money.

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