Maintenance budgeting and asset management are inextricably linked. In asset-intensive organizations, maintenance tends to be one of the larger cost centers, but too often its spending is among the least well managed. Regardless of the budget put in place, maintenance personnel will spend whatever it takes to repair a production line that goes down. If their budget runs dry, they may shortchange preventive maintenance or other less urgent tasks, and overlook opportunities to understand the variances or to improve their budgeting processes. Avoiding this means having a well-planned budget in place to begin with.
Many ERPs offer a planning and scheduling tool or module. While this option often works well for many parts of an organization, the maintenance department is unique. It needs capabilities beyond th...
July 1, 2019
Defining Preventive Maintenance
Preventive maintenance is a scheduled and planned approach to maintaining equipment and other assets. Preventive maintenance focuses on performing mai...
Maintenance Budgeting is Hard
Maintenance budgeting presents special challenges. Check out this on-demand webinar from VIZIYA on how to control your spending with best practices and tools. We focu...
To gain full access to all our Resources, just register by following the link below.
See something missing? We are always happy to listen.