Physical assets are necessary players in your organization’s operations. Keep them in good shape, and you’ll reap immense benefits, including a long lifespan, proper utilization, as well as reduced operational costs. But tracking and controlling everything becomes a nightmare if your organization is a behemoth of assets and workforce. That’s where Enterprise Asset Management Software comesRead more
Maintenance management can be challenging, especially without the right technology to support your operations. You have to ensure equipment is running seamlessly, maintenance tasks are performed on time, and the company runs with minimal downtime. Things become even more challenging when you have to accomplish all these needs with a limited budget. This is where theRead more
Staying on top of multiple jobs can be a constant struggle for executives and operational managers. Managing various jobs using spreadsheets, scrawlings on a whiteboard, and filing systems may seem simple at first, but in reality, it is disjointed. The more an organization takes on more projects and increases its workforce, the more ineffective theseRead more
Repetitive yet time-consuming tasks are a part of every field service operation’s daily routine. Whether you’re overseeing the maintenance and repair of your company fleet or providing customer support for an industrial product, there is always something that needs to be done to keep things running smoothly. But what if we told you that youRead more
Field service management (FSM) can be a logistical problem, but this depends on your tools. For example, trying to balance factors such as different orders’ urgency and different field technicians’ locations and specialties using a spreadsheet and telephone can feel like a tough puzzle. However, it is easier and quicker when using field service managementRead more
Organizations use multiple maintenance strategies to ensure the most cost-effective solution for each asset. Sometimes, companies find themselves using reactive maintenance because they’ve experienced equipment failure. Most businesses use preventative maintenance to schedule maintenance before a failure occurs. Some enterprises are also implementing predictive maintenance by deploying sensors and other IoT devices to collect data. TheRead more
Predictive maintenance as an asset management strategy relies on operational data to determine when an asset requires attention. Its goal is to reduce operational disruption because of unplanned maintenance. However, data collection and analysis can also play a role when it comes to environmental, social, and governance or ESG planning. What is ESG? Environmental, social,Read more
According to data from Building Owners and Managers Association (BOMA), repair and maintenance costs account for 15% of a business expense. Predictive maintenance appears to be leading to a tenfold increase in ROI, with a 25%-30% depletion in maintenance costs, a decrease of 70%-75% in breakdowns, and reduced downtime of 35%-45%. Predictive maintenance has beenRead more
For many contractors and similar businesses, it’s important to accurately understand your costs. This allows you to give better quotes to clients, stay organized, and improve both the efficiency and safety of your employees. Many businesses are now using time tracking to keep an eye on how long workers actually spend on a specific job.Read more
Does your organization’s operations greatly revolve around fieldwork? Do you make business decisions based on location and what’s happening on the field? If so, then we’re sure that your technicians’ productivity is one of your primary concerns. Efficiency remains a top concern when you’re in an industry whose operations heavily rely on fieldwork. This aspectRead more
