What is Maintenance Management?
Maintenance Management is the process of maintaining the assets and resources with the objective of controlling time and costs, to ensure maximum efficiency. From manual handwritten process, maintenance management has moved to a computerized maintenance management system. It is not only an automated version but a combination of automation, best practices and trained resources with a common objective. Using a CMMS for your maintenance management ensures that your company equipment will remain in top working order at all times, thus preventing unexpected repairs and operational downtime.
The Objectives of Maintenance Management
Tracking Costs and Budgeting
A computerized maintenance management system helps in tracking the maintenance costs. Specific asset costs such as spare parts, labor and repair costs are also included. With the help of these cost factors, maintenance managers can make informed budgeting decisions to properly allocate funds.
Comply with Regulations
Maintenance management tool helps organizations comply with the statutory regulations of the location that they are servicing. This tool helps in making sure there are adequate safety guards , regular inspection of assets for damage, proper system to report asset damage.
Schedule Maintenance Work
The tool helps maintenance managers have an understanding of the structure of the company. This helps in scheduling the work effectively. This is significant because it distributes the appropriate time and labor resources. It helps in achieving optimal outcomes. Maintenance technicians will be able to be up to date on preventive maintenance and minimize production interruption and equipment failure. A regular maintenance work extends the life of machines thereby increasing the product quality.
Develop Improved Policies, Procedures and Standards
A maintenance management system will help in continually developing and improving upon policies, procedures, and standards that lead to better maintained equipment and cost reduction.
Maintenance Management Vs Asset Management
The main purpose of maintenance management is working with assets to ensure they perform efficiently. There are a few distinctions between asset management and maintenance management.
Asset management: Asset management is the process of working towards maximizing the performance of equipment, reducing the operating costs and aiming towards a higher return on investment (ROI) on the assets.
Maintenance management: A maintenance management system helps in making informed decision in improving the efficiency of maintenance process. It aims in minimizing downtime and unforeseen repairs.
So, what's the difference? Maintenance management systems and Asset Management are not mutually exclusive, yet work hand in hand. Maintenance Management System assists in guiding performance of maintenance activities while focusing on efficiency, whereas asset management assists in the analysis of maintenance management report for identifying work to be performed on specific assets to achieve ROI.
Faciliteasy integrates the two functions so that maintenance personnel can see both sets of data in one centralized location. It helps in making meaningful positive changes in an establishment that is equipped with multiple types of infrastructure assets.
Choose Faciliteasy to achieve an effective ROI by extending the life of performing assets.