It can seem like everything is going smoothly when suddenly – BAM, something breaks. It doesn't matter if it's a conveyor belt on your production line or a swimming pool pump – the point is that you need it and you need it now.
One thing is for sure, Asset Management Software is key to less downtime and higher performance in a maintenance department.
The Asset List portion of your Maintenance Care program, allows you to keep all of your asset details in one convenient, easy to navigate location. Maintain records on all essential profile information including make, model, serial number and much more. You can profile your equipment and access each item's information using our mobile app for your convenience.
You see, there is power in being able to track the life of your equipment so that you can better gauge when it might be a good idea to replace it rather than make another repair. The asset management area allows you to also predict life expectancy. Predicting asset performance can help save your organization thousands of dollars every year. Trending the life expectancy of assets can allow for effective evaluation of spending practices and give you a greater understanding for which equipment needs replacing and which brands are more effective.
This also allows you to focus on capital planning. Forecasting and budgeting for asset replacement can eliminate unnecessary unplanned repair expenditures as well as reduce possible downtime for those key pieces of equipment within your facility. A yearly review of assets to determine which need to be replaced will greatly improve your overall spending budget as years go on.
Read More: Keep Your Equipment in Tip Top Shape
We can't always plan for when equipment is going to break down, but by being able to track repairs, you can easily have a better understanding of when it might need to be fixed again, what it is costing you, and if its in the best interest of your budget, to simply replace the item.