This paper shares Alcoa’s journey to budgeting best practices with maintenance budgeting challenges and why maintenance budgets matter.
Countless hours are spent creating expensive maintenance budgets, but still, the output is generally very poor. Little intelligence goes into budget development when asset details and cost history are lacking, and this leaves the planners and managers guessing about future maintenance expenditures.
Guesswork undermines the credibility of the maintenance budgets as well as those who develop them, and the issues are perpetuated when the numbers roll up to the finance budget. The adage “garbage in, garbage out” is relevant here.
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...
Maintenance Budgeting connects in real-time to SAP and simplifies budgeting with 3 budgeting options: auto-budget, zero based, historical.
Equipment failure under warranty is a lost revenue opportunity. Not having a formal warranty claims process in place, supported by the right tools, is costing your company more than you realize.Eff...
To gain full access to all our Resources, just register by following the link below.
See something missing? We are always happy to listen.