Abstract:

This comprehensive study delves into the intricate relationship between preventive maintenance practices and organizational productivity, placing a spotlight on the substantial positive outcomes emerging from this symbiotic interaction. The primary focal points include notable reductions in repair costs, heightened machinery reliability, minimized downtimes, and an overarching improvement in overall productivity. A critical dimension of this interrelation underscores the paramount significance of cost reduction achieved through the diligent application of preventive maintenance strategies. To garner insights, data collection was primarily executed through a survey questionnaire and interviews. The questionnaire was disseminated to sixty (60) managers and business owners specializing in production and design within Lagos State, Nigeria. The study received responses from forty-six (46) completed questionnaires. Additionally, data were meticulously gathered from secondary sources. The nuanced analysis of the compiled data reveals a conspicuous commitment of business owners to preventive maintenance practices, establishing a positive correlation with minimized downtime, heightened equipment reliability, and diminished repair costs. The study concludes with a strong recommendation for businesses to institute robust preventive maintenance programs, provide consistent employee training, and allocate sufficient resources to fortify their maintenance initiatives.