Automated maintenance systems are very useful technologies, but they often face tough funding scrutiny. Known as computerized maintenance management systems, or CMMS, they manage the people, processes and assets that keep facilities operational. The diversity of assets managed include everything from lights and elevators to boilers and critical process equipment.
General managers and CFOs want to know that a CMMS will provide an adequate return-on-investment (ROI). Many question the significance of facility maintenance costs and how much benefit would accrue from maintenance running more smoothly. This can be a tough conversation when organizations can’t quantify equipment utilization, where facilities resources are allocated, or the productivity of their maintenance labour.
The good news is that determining the payback of a CMMS investment is relatively straightforward. The key is knowing the areas of major financial benefits. For most enterprises, the benefits come from one or more of the following four areas:
- Less downtime
- Longer equipment life
- Increased labour productivity
- Reduced inventory with fewer stockouts
While the list above provides a nice structure, there can be significant variation in the benefits, depending on whether you have a production-oriented environment or a facility in education, retail or government operations. But any of these can realize quantifiable benefits from a CMMS. Please join the webinar to learn about a innovative CMMS that can help accomplish everything mentioned above.