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.
Maintenance by its very nature is a mobile function, since equipment, facilities, and fleets tend to be distributed across one or multiple sites. Maintenance technicians and engineers should have r...
September 11, 2019
How to integrate your maintenance workflow and develop an asset management strategy
Decision-makers are more likely to make the best choices when they have as much information ...
Software Budgeting Capabilities Should Make Your Life Easier, Not Harder
Countless hours are spent creating expensive maintenance budgets, but the output doesn't match with the time and energy inv...
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