What Does it Mean to Put the "Asset Centric" in "Asset Centric Maintenance Software" or Enterprise Asset Management (EAM)?

At first glance, it might seem like all asset maintenance is asset-centric maintenance. After all, if it weren't for having the asset in the first place, you wouldn't need to be maintaining it at all!  When we speak about asset-centric maintenance as a distinct kind of maintenance, we aren't really talking about the maintenance you do when you need to modify this machine or repair that building. Rather, we're talking about an overall asset maintenance policy that helps you plan the maintenance of your assets before it's needed.

Asset centric maintenance can be distinguished from reactive maintenance. Many companies are familiar with this type of asset maintenance, where assets are modified, repaired, or replaced once they start to become a problem. You might think of it as a model where your company's assets must be adapted to fit your company's schedule. While this works well enough, anybody familiar with reactive maintenance can attest to the time, resources, and frustration involved in reacting to unexpected asset failures.

Reactive maintenance focuses on your company's scheduled plans, and tends to view asset failures as events that disrupt the schedule. Asset centric maintenance, on the other hand, acknowledges that each asset has a schedule of its own. Like a car that must get routine maintenance every 5,000 kilometres, each of your company's assets has an ideal schedule of repair, modification, and replacement. This schedule begins during the asset's design process and ends when it is sold or decommissioned.

Coordinating the asset's ideal schedule with your company's ideal schedule can result in a much smoother, less frustrating asset maintenance process. Your company can plan for maintenance costs well before they are incurred and can prevent costly problems with forward-thinking maintenance policies. Well-maintained assets break down less frequently, and when they do, they take far less time and effort to repair than assets that are maintained through a reactive strategy.

Going with an asset centric maintenance policy can lengthen the productive life of your assets and eliminate most of the cost, hassle, downtime and unpleasant surprises that come with reactive maintenance. However, this is much easier said than done without asset centric maintenance software. Many companies that would benefit a great deal from asset centric maintenance have a large number of assets across several or many locations. Manually processing the data involved in determining the ideal schedule for each of your assets can be time-consuming, costly, and ultimately ineffective. 

Think of asset centric maintenance software as an intimate friend for each of your assets--it knows each asset's history and weaknesses, and it uses this information to determine what the ideal schedule will be for each one. Good asset centric maintenance software will track needed repairs, completed repairs, and part replacements while forecasting your assets' future needs. It will let you automate much of the work involved in asset centric maintenance, and it will let your company customise it to suit its individual needs.

Reduxo is pleased to offer maintenance software that puts your company's assets first so that you can focus on your core business to stay competitive. Contact us to find out more about programs like Sprocket that help you harmonise your assets' schedules with your company's schedule.

How to Save Time and Money with Computerised Maintenance Management Software (CMMS)

If you're looking for a way to save time and money during 2014 then Computerised Maintenance Management Software (CMMS) is one possible solution. It is an investment in your business that will pay for itself many times over. Not to mention the benefits that are impossible to quantify: peace of mind about your assets, fewer headaches caused by assets failing unexpectedly, etc. Here are some quantifiable ways CMMS will save you time and money:  

1. The old adage that "time is money" is very apropos here. With CMMS you'll save a great deal of money by reducing work hours spent on unnecessary redundant maintenance and increase productivity by eliminating costly work stoppages caused by maintenance that was missed.

2. You'll be able to allocate resources better and utilise resources more effectively. Your employees will know which machines need maintenance at what time and you can evaluate the cost of repairing assets versus maintaining assets case by case.

3. Reducing your costs goes beyond saving money on employee work hours. You will also save money in the long term by cutting your repair bills and no longer having to replace assets prematurely due to inadequate maintenance. 

4. Finally, more clarity and control concerning the status of your assets reduces your risk exposure and ensures compliance with current regulations.

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If you're considering CMMS as a potential time-saving and cost-reduction solution for 2014, you still have time to research the variety of options available. Implementation, integration, and utilisation are the final key steps in the process. After all, what good is a new tool if you don't know how to use it? If you'd like to work with an expert who has the experience helping businesses like yours properly implement, integrate, and utilise CMMS programs please contact us so we can help you prepare for a prosperous and less stressful 2014.