The Ins and Outs of Maintenance

Many businesses turn to maintenance software for help when they have the need to optimize their maintenance operations through the efficient work order management system or problems tracking their inventory levels.

While those are perfectly good reasons to try out a computerized maintenance management system, the benefits of a fully utilized CMMS reach far beyond that.

That is why it isn’t surprising that 37% of organizations are looking to increase their investments into CMMS/EAM in 2018.

To give you a better picture of how useful and flexible this software can be, we decided to create a  comprehensive list of benefits that explain why any business should consider using a modern CMMS software to greatly improve their maintenance management capabilities.

Any business decision you make is only as good as the information you based it on.

It doesn’t matter if we are talking about investments into different maintenance strategies, planning your workforce resources or planning capital expenditures, having the right information at the right time is paramount.

Compared to many other fields, articles about maintenance often don’t contain many useful statistics. Even when they do, they are often placed there without a proper source.

That’s why we decided to make an overview of the latest available maintenance statistics that could give you some useful insight on the current status, as well as future trends in the maintenance industry. As a bonus, we also threw in some interesting statistics about CMMS.  

What is also important to mention is that we were only looking at statistics that came out in the last 3 years and that 90% of data in this infographic is from 2017.

Has your business recently suffered losses in your warehouse operations? Are you beleaguered and unsure of where to turn? While there are many sources of losses in the warehouse, there are a few areas in particular that are primary culprits. By addressing these areas in question, your organization can see a sudden uptick in profitability by amending issues in these problem areas. Here are four proven areas that create losses in any warehouse:

Have you ever asked yourself if you’d be able to save time and resources by not spending your already limited resources on assets that don’t need it?

Do you wonder if you’d save time and money by creating a maintenance strategy for particular assets?

Our guide to Risk-Based Maintenance will show you step by step in layman terms how to quickly analyze the most efficient way to use your maintenance resources while improving reliability, reducing costs, and increasing equipment integrity.

A study by Aalborg University in Denmark on offshore steel structures outlined how one company was able to save over 80% on total repair costs!

Keeping up with regular maintenance is a mission-critical process – even though it may not seem so important when all your equipment is in proper working order. If you barely notice the benefits of preventative maintenance on a day-to-day basis, you’re either doing it right, or you’ve been lucky enough to avoid a catastrophic equipment failure that makes the need for a solid maintenance program blatantly (and painfully) obvious. The real benefits are visible in the bottom line thanks to longer equipment lifespans and less downtime.

A comprehensive CMMS software like Limble is a major part of the equation, but the effectiveness of your maintenance program is amplified when you pair the right software with the right CMMS labels for your applications and incorporate best practices into your maintenance management program.

A CMMS, a.k.a Computerized Maintenance Management System, is a software program that, in a nutshell, streamlines and automates a company’s maintenance processes. CMMS solutions came about in the 80’s when managers and crew were sick of the chaos caused by trying to track their WOs, PMs and assets with paper and pencil.

Thanks to this type of technology, maintenance managers can now automate their maintenance schedules, increase asset lifetime, forecast inventory needs, and keep track of work orders via computer and mobile devices.

A.T. Kearney and Industry Week Magazine surveyed 558 companies and published that maintenance software increased productivity by 28.3%. All of this functionality results in more efficient operations, saving you a ton of time and saving your company a ton of money. Let’s explore the top 7 CMMS benefits.

Did you know that some corporate managers value forklift downtime cost at thousands of dollars per minute? That’s right, not per hour – per minute! Proper forklift maintenance can help prevent such costly downtime.

Toyota, a major provider, estimates downtime value at a whopping $225,000 per hour at Ebay (that’s almost a cool quarter-million) and $180,000 over at Amazon…

Are you in charge of maintaining forklifts or handling downtime in your workplace? Then we’ve put together some info we think you’ll like: An easy to use guide on creating a forklift maintenance plan.

If you’re relying solely on corrective maintenance, then your company is probably wasting tens to hundreds of thousands of dollars every year due to a lack of a preventive maintenance plan. Before we dive in further let’s make sure we’re on the same page about the meaning of Corrective and Preventive maintenance.

Corrective Maintenance is a maintenance task performed to identify, isolate, and rectify a fault so that the failed equipment, machine, or system can be restored to an operational condition within the tolerances or limits established for in-service operations.

Preventive maintenance (or Preventative maintenance) is work that is performed regularly on a scheduled basis to lessen the likelihood of the piece of equipment from failing.  Preventative maintenance is performed while the equipment is still in working condition as to avoid unexpected breakdowns.

A recent study by Jones Lang LaSelle highlights how a telecommunications company saw a 545% return on investment (ROI) when implementing a preventive maintenance plan.

As good as a 545% return sounds, it can still be tough to get the go-ahead from upper management. To help you accomplish this goal we have put together a simple step-by-step guide on how to convince your manager and make the switch to preventive maintenance.