What if you you could decrease the frequency of your oil changes, your equipment didn't break down, and you didn't have to lose sales revenue? Wouldn't you want to adopt practices that accomplished all this?
A common mistake among companies is to fix problems as they occur rather than preventing those problems from happening. One opportunity for prevention is through the health of your lubricants. It has been estimated that most production organizations lose between 10 and 15% of their plants total maintenance budget each year due to downstream effects of poor lubrication. Although a robust PdM program will include condition feedback technologies such as oil analysis, vibration analysis, ultrasonic testing and infrared thermography, these tools provide data on a failure that has already begun. A precision lubrication strategy's purpose is root cause elimination. That's not to say that all of those other practices are not necessary, but they will only alert you to a problem that will continue to be chronic unless the root cause of the problem is addressed.
Lubrication best practices should be the starting point on your journey to better reliability.