From one study on motors it was stated that 83% of motors fail due to bearing failures and most of those failures are due to improper lubrication.
Greasing of bearings is greatly misunderstood both in application and types of grease. People that attend my training sessions are amazed at how simple greasing can be but it took me many years to gain the expertise to make it simple.
Oil lubrication can be made much simpler if you start with a good oil analysis program. First select a lab that uses good analysis techniques and produces a complete report with technical back up. Having a company that offers solutions to your oil problems is also very important. Having the report without help to solve the issues will only allow you to watch the equipment go to failure not prevent the failure.
As an experienced predictive maintenance person, I did watch equipment progress to failure with no good way to prevent them but I have now developed simple methods to prevent that degradation of equipment.
With proper training and support it is possible to reduce failures, reduce energy consumption and reduce oil & grease consumption for a large boost to a company's bottom line.
I can send you an article I wrote on energy reduction to give you an idea of the magnitude of potential savings.