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.
January 15, 2020
Setting your maintenance KPIs relies on determining what you value
Defining Maintenance KPIs
Maintenance KPIs are a reflection of your goals as an organization. Your key perform...
IoT is quickly taking over the world. From your washing machine to your car, IoT is popping up everywhere. Business executives are eager to exploit the advantages of IoT for their organizations. ...
April 9, 2020
Improve your processes and cut maintenance costs at the same time
Maintenance budgets are an attempt to balance the demands of the assets against the funds available. And curbing ma...
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