What is Maintenance Management?
Maintenance management is quite an important process where assets and resources in any company get to operate smoothly. Its core function is to monitor time, cost, and efficiency to help have better output in production. Traditionally, it used to be done manually until it became integrated with computerized maintenance management systems, or
CMMS. While integrating the best practices, skilled resources, and a unified approach for keeping assets at their best working condition, this set of systems automatically allows the process.
The prime objective of CMMS is to avoid any unexcepted repairs, ensure minimal operational downtime, and maintain the equipment in its best form at all times.
Objectives of Maintenance Management
1. Tracking Costs and Budgeting
A CMMS helps track various kinds of maintenance costs, such as that of spare parts, labor, and repair costs. The data so gathered can help maintenance managers make accurate budget planning, ascertaining that funds allocated in respective accounts keep the operations under its control running.
2. Compliance with Legislations
Regulatory compliance is part of the integral management processes of running a business. It ensures that the business operates its equipment and processes under statutory regulations because of features like the check up on safety, scheduled inspections, and damage reporting system in CMMS.
3. Maintenance Work Scheduling
A logical maintenance management tool will allow maintenance managers the ability to plan and schedule work effectively in terms of company structure and priorities. That way, the right amount of labor and time gets allocated for preventive maintenance; the chances of equipment breaking down or becoming down for extended periods minimize the life span of assets and improves the quality of the product that gets out to the customer.
4. Policy Formulation
Policies, procedures, and standards Support organizations in the development of policies, procedures, and standards to improve equipment performance and reduce operational expenses.
Maintenance Management vs. Asset Management
The focus of a maintenance management system is on maximizing the overall performance and lifespan of assets by looking at the maintenance process as more than just an upkeep of the assets.
Asset Management: Asset management concentrates on having the asset perform optimally, reduce the cost of operations, and maximize its return on investment (ROI).
Maintenance Management: Maintenance management, in contrast focuses on optimizing the process of maintenance, namely, to reduce the idle times; unexpected repairs; and overall productivity.
The two functions complement each other rather than compete. Maintenance management works to guide the performance of maintenance activities with a focus on efficiency, while asset management uses maintenance reports to analyze data and determine work needed on specific assets to maximize ROI.
Maintenance and Asset Management Integration with Faciliteasy
Faciliteasy offers integration between maintenance and asset management as it provides a holistic platform from which the maintenance teams draw and analyze data regarding equipment performance, preventive maintenance schedules, and return on investment on the assets, ensuring that all the assets perform at maximum levels and bring in returns throughout their lifecycle.
Faciliteasy, merging these areas of maintenance and asset management, helps organizations maximize the life of assets while ensuring higher efficiency and ROI. Whether referring to a fleet of machinery, facilities, or infrastructure, such an amalgamation of systems offers a very effective solution with which to enhance asset performance and minimize costly downtime.
Without a proper maintenance management system, no business can be efficient or cost-effective. The use of a system like CMMS by Faciliteasy helps companies become better at avoiding equipment failures, ensuring regulatory compliance, and optimizing schedules for more
excellent ROI. The result is extended asset lifecycles, decreased downtime, and more excellent ROI.
Faciliteasy integrates two critical components into one seam-less system to help businesses manage and maintain assets in the best possible manner.