If you were asked about your maintenance plan, what would you say? Do you have a proper plan in place? Is it working? How are you tracking it? What is your return on investment (ROI)? These are questions most companies face. A CMMS answers these questions while also helping your business save money.
CMMS Asset Management is Critical for the Longevity of Your Business.
In the global marketplace, most of the things businesses and organizations rely upon to succeed are undergoing significant change. From technology, to resource acquisition, to public expectations, the world is in transition. The security of a “known business environment” enjoyed for years by businesses large and small is gone. One thing you can still count on is your company’s assets. They are the rock upon which your business stands. How effectively and efficiently you manage them is critically important to the welfare and longevity of your business.
View our video explaining the importance of a CMMS system.
A contemporary asset management framework enables you to:
understand what you have
where it is
what it’s worth
what you need to do to improve it
what the marginal gains are from multiple sources
and who is involved in managing the asset
Does your business asset management framework meet today’s high demands? At a bare minimum, it should include these fundamental features:
It should track all of your assets, tell you when they were obtained, how they are used, and what their original value was
It should describe where your assets are located, when they have been modified or repaired, what their current condition is, and what their maintenance schedule is
It should ensure the amortization rates for your assets are accurate, and their value is accurately reflected in financial statements
It should remove assets that have been sold, replaced, or scrapped
It should identify “ghost assets,” items that have been inaccurately recorded, lost, or stolen, and remove them from your inventory
And, it should ease asset recovery
With a comprehensive asset management framework emphasizing these features, you are better able to assess your company’s financial strength and flexibility. You are better equipped to understand the capabilities of your assets. And, you are better prepared to optimize them to your greatest advantage.
Additionally, this framework can save you money. Comprehensive asset management allows you to perform sound risk assessments and find solutions for potential losses and liabilities before anything negative occurs. It also enables you to better maintain your assets through maintenance scheduling and it prepares you better for future events, such as costly asset purchases and replacements.
And, finally, maintaining accurate asset control reduces theft and enhances asset recovery.
Today, asset management is more complex than ever and there are no shortcuts. But, there are solutions. To effectively compete and remain optimized, you need an integrated Computerized Asset Management System like Eagle Technology’s Proteus MMX.