Unplanned downtime due to asset failure or malfunction directly impacts productivity, leading to loss of revenue and customer satisfaction. On average, more than 80% of businesses face unplanned downtime of vital assets once every three years. Without a maintenance management strategy, equipment breakdown and malfunction become inevitable, resulting in halted production lines, high repair costs, and unsafe workplaces. Investing in an effective asset maintenance management plan ensures the performance, reliability, safety, and availability of mission-critical facilities, equipment, vehicles, and machinery.
Best practices for maintenance management
There are multiple layers of asset maintenance management. Together, they comprise a holistic approach to the desired up keep of all the physical systems at a facility. These best practices are:
- Routine maintenance: Ensure that assets are not worn down and their performance remains optimal. Maintenance at regular intervals is crucial for sustained productivity and efficiency.
- Training employees: Keeping employees informed of different components, new features, integrations, and add-ons is necessary for safe and appropriate utilization of resources and increased efficiency.
- Leveraging data: Data provides vital insights into the asset condition and facilitates decisions about component replacement, repair, or enhancement.
- Automating maintenance: Maintenance automation software schedules maintenance, creates checklists for each asset and alerts relevant teams. This makes it easier to manage maintenance activities across several locations. By providing access to data history, the software also assists in identifying maintenance patterns and trends, which facilitate informed decision-making.
- Maintaining an asset inventory: Accurate inventory of all corporate assets is critical for good maintenance management. It helps to schedule maintenance with minimum production disruption, assigning work orders to relevant specialists, and efficient decision-making regarding asset utilization and replacement.
Elevating asset management with CMMS
Computerized maintenance management software (CMMS) is designed to facilitate maintenance of enterprise assets by streamlining daunting and complicated tasks:
- Providing a centralized database: Cloud-based CMMS records all asset information and allows technicians and administrators to access it via any internet-enabled device, on or off-site. This allows for a more accurate and holistic view of assets.
- Visualizing asset relationships: It is essential to understand asset dependencies. Asset hierarchies in the CMMS establish parental relationships between equipment, subassemblies, and components. This enables maintenance teams to fulfill their duties more efficiently.
- Maintaining detailed records: Based on user manuals and records, an automated maintenance history is created that allows easy evaluation. CMMS simplifies maintaining and updating asset information such as manufacturer, specification, make and model, location, etc. Besides, it also facilitates reporting key metrics such as MTTR, OEE, and MTBF.
TMA Systems – Simplifying asset maintenance across industries
Asset management prevents expensive downtime and interruptions, increases productivity, and reduces operating expenses.
TMA Systems is a leading technology provider committed to enhancing the quality of facility maintenance through an array of cutting-edge technologies. Our solutions and services offer data migration, automated data validation, and hassle-free integration with other CMMS and ERP applications. We also perform audits and evaluations to recommend areas for improvement and ways to address mission-critical concerns. Our extensive services include training and support to guarantee that your staff can use and manage the maintenance data properly.
To learn more about how your organization can benefit from our breadth of asset management offerings, schedule a demo today.
