Preventive maintenance aims to prevent equipment failures through planned maintenance actions like inspection, lubrication, cleaning, and replacement of parts. Benefits include avoiding production disruptions, maintaining quality, and increasing asset lifespan. A preventive maintenance program involves inspecting, lubricating, replacing, cleaning, adjusting, and testing equipment on schedules tailored to each machine. Predictive maintenance uses condition monitoring to determine when preventive actions are needed, while preventive maintenance tasks are done on set schedules whether the equipment shows signs of failure or not.