So why should any company invest in a CMMS? Effective asset management is about ensuring you have the right systems and processes in place to limit downtime and keep your production equipment running smoothly in a way that’s also cost-effective. Properly maintaining your equipment can prevent breakdown maintenance, improve asset performance, reduce energy consumption, limit the need for emergency spare parts and extend equipment life. Asset management can affect all aspects of the business; customer service, goodwill, product quality, scrap and rework, energy efficiency and ultimately the bottom line.
Investing in a CMMS is a small cost with big returns.
Saying that, many organizations are reluctant to invest in improving their asset management processes, as they simply don’t have a process in place. They’re still stuck in the dark ages fixing machines when they break. Spending more company money on a software system to improve maintenance can be fought with resistance from senior management as maintenance is viewed as a cost center. It’s time to change that mindset. Remember the old saying, a stitch in time saves nine? That still stands. However, if you can’t quantify the return on investment of any asset management improvement initiative, then you are virtually guaranteed it will get shot down.
We see this situation a lot. Organizations come to us when shopping for CMMS or EAM software, but the CMMS champion struggles to quantify the return on investment to senior management. Again, they want to know how spending more money on software is going to help them stay under budget. As mentioned above, asset management can affect all aspects of the business from product quality to customer service. I’ve prepared a white paper that outlines 19 reasons your organization should invest in a CMMS. This document will give you the foundations on which to build a business case for implementing a CMMS at your organization.
Invest in a CMMS to increase efficiency, lower downtime and streamline processes.
Implementing a CMMS at any organization is an opportunity to streamline asset management processes, eliminate redundancy and unnecessary functions, and employ information technology to deliver positive change. Many CMMS systems can be customized to suit maintenance processes, no matter the size of the organization. Most modern CMMS applications can be effectively deployed by any business in any market sector for efficient asset management. The net result of a successful CMMS implementation is simplified internal maintenance processes, greater reliability, higher quality production, improved consumer confidence and ultimately, sustained competitive advantage.