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Software Functionality Revealed in Detail
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 cost effective maintenance roi

Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

Maintenance, Repair, and Overhaul (MRO) RFI/RFP Template

Maintenance Management, Customer Contracts (Agreements), Customer Orders, Customer Quotations, Work Orders, Product Technology 

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Documents related to » cost effective maintenance roi

Developing an Effective CMMS Implementation Plan


Today’s maintenance staff is tasked with doing more with less. The challenge here is that their efficiency ratings when measured can be as low as 10% to 40%. So where does your maintenance department stand in terms of these statistics? Although CMMS software has been around for more than 20 years, and the adoption rate continues to climb, many companies still struggle with creating an efficient centralized maintenance and operations program.

cost effective maintenance roi  may find that this cost alone will outweigh the investment in procuring a new software package and the ensuing implementation. You may very well find out that you already have a software package that is doing a good job and perhaps it is time to sit down with the vendor and discuss a corporate wide roll-out. So to review: Inventory the tools currently used to manage, collect & distribute data Determine the costs associated for licensing, support and upgrades Identify common software tools used in Read More

Maintenance Tips For Improved Profits: Creating the Business Case to Invest in Automation


Does it really make sense to spend money to save money? The answer may surprise you when it comes to maintenance of large capital assets including Facilities, Fleet, Plant Equipment and yes, even computers. It makes even more sense when you consider that today more and more companies are adding a new line item in their financial statements called "Deferred Maintenance Revenue Write Down". A lack of preventive maintenance affects the shareholders of all companies due to aging assets and reactive maintenance practices. A complete preventive maintenance program consisting of better business practices and a simple tool such as a Computerized Maintenance Management Software (CMMS) or Enterprise Asset Management (EAM) package can streamline the process and result in immediate savings in both time and money. So how do you justify the initial investment and where can the cost savings be seen across the enterprise?

cost effective maintenance roi  costs are the highest cost to most maintenance shops. Published studies have proven that an effective maintenance program can increase labor productivity by as much as 24% through better human resource allocation. Besides being able to more effectively manage schedules, by automating the data sharing between accounting and maintenance, you can greatly reduce data entry times as well. It''s not just about managing the people you have, it also has to do with measuring to see if you have enough resources, so Read More

Reliability Driven Maintenance--Closing the CMMS "Value Gap"? Part Two: Reliability Driven Maintenance


Reliability driven maintenance (RDM) focuses on understanding the "asset health" to determine what maintenance work should occur and when something should be done. It enables preemptive intervention before failure occurs, whereby failure would mean that equipment is not delivering required performance regardless of whether it is actually broken down or not.

cost effective maintenance roi  of failure, and the cost of maintenance operations must be evaluated on an asset-by-asset basis. This analysis might reveal that RCM is not the most appropriate for all assets, since other less rigorous and costly but still effective enough methodologies exist. How can one then determine the right maintenance strategy for a specific asset? To meet the objectives of lean manufacturing, one needs to evaluate the cost of failure in terms of both not meeting business objectives and any extra cost due to the Read More

CRM ROI: Creating a Business Case


Companies need to implement serious yardstick work when seeking to evaluate CRM-software investments. This involves creating a cost-benefit analysis, determining the tangible and intangible benefits, and the risks involved with CRM implementation.

cost effective maintenance roi  Area Key Improvement Reduce cost of sales Enable self-service sales channels, changing the mix of direct sales, tele-sales, channel or agent sales, and self-service the most effective or least costly channel in order to reduce costs and improve satisfaction Reduce sales administrative overhead Reduce the time spent on sales administrative overhead tasks such as commission calculations, forecasting and reporting enabling increased selling time Improve leads to sales closure rates Increase the percentage Read More

The ROI of Your Labor Force


Improving workforce performance can drive corporate performance. Even seemingly small changes in workforce productivity can have a huge impact on the bottom lines of large organizations. Learn how deploying workforce management (WFM) technology can transform your company’s operations, and provide data that improves core human resources (HR) applications like workforce planning, recruiting, and performance management.

cost effective maintenance roi  projects a $250K annual cost reduction for automation of employee pay stubs alone Accelerate internal processes Auto parts manufacturer shortens cycle times from weeks to hours Reduce administration Less manual data entry helps manufacturer reduce administrative FTE count Labor forecasting and scheduling, time and attendance, and operational self-service are all day of operations workforce processes that can yield significant ROI through the use of new workforce technologies. And HR can be the Read More

The 7 Habits of Highly Effective Security


You know your organization needs to be proactive about security, but you don't know what that means. You’re a busy executive and you need your security agenda summed up in a nutshell, but you know nothing about information security. What "to do" list should you give your CIO?

cost effective maintenance roi  every minute of downtime costs $10,000 [1], how can your organization afford to overlook security? If the average web buyer will wait only 8 seconds for a page to download [2], allowing your site to become vulnerable to denial of service attacks may wreak havoc on your bottom line. In order to prevent your customer credit card numbers from being stolen, we have provided 7 key habits that should become a part of your IT security agenda. Figure 1. CEO/CIO Wallet Card Sources: [1] The Standish Group [2] Read More

The Elusive Weekly Maintenance Schedule


The weekly schedule process is by far the most significant yet underutilized tool for work force efficiency. A resource-leveled weekly schedule provides a logical way to balance required work versus available man-hours.

cost effective maintenance roi   Read More

Application Lifecycle Maintenance


Lionbridge offers scalable application development and maintenance solutions that include custom software development, code enhancements, and legacy systems maintenance. Through multiple, low-cost development center options in India, Ireland, and China, Lionbridge uses a five-stage process to move critical IT activities offshore. In India, its mature, yet flexibel process frameworks have achieved a Software Capability Maturity Model level® 5 rating.  

cost effective maintenance roi  systems maintenance. Through multiple, low-cost development center options in India, Ireland, and China, Lionbridge uses a five-stage process to move critical IT activities offshore. In India, its mature, yet flexibel process frameworks have achieved a Software Capability Maturity Model level® 5 rating. Read More

Application Development and Maintenance Services


Luxoft divides its services into two groups: standard and premium. Its standard services include application development and maintenance; product engineering; embedded systems development; software quality assurance; and IT infrastructure management. Luxoft premium services include architecture consulting; security consulting; performance services; and process consulting.  

cost effective maintenance roi   Read More

The Proof Is in the ROI


A well-thought out, comprehensive ROI (return on investment) marketing and sales program is becoming a must in today's difficult business to business (B2B) software market. However, few companies seem to be investing appropriately. The first mistake they make is to try to keep costs down by attempting to create an ROI program internally. It's a sure way to waste value people, time, and effort. If you want a significant return on your ROI sales and marketing investment, hire an expert.

cost effective maintenance roi  There were also soft cost savings that were difficult to quantify; employees were paid the same before and after the product was implemented. Yes, they accomplished more or performed higher value work, but how do you measure this? ROI experts know how, and it''s not obvious. A year after the product manager started to gather ROI data, little progress had been made. Part of the delay was that the product manager had other more pressing priorities; a common problem at most B2B software companies. But even Read More

Maintenance Planning... Getting Back to Basics


Proper maintenance planning is the first step in moving from a reactive to a proactive mode. Yet organizations continue to struggle with establishing proper planning processes. This paper provides back to basics perspective on the key elements of maintenance planning.

cost effective maintenance roi   Read More

5 Cost Estimating Myths Busted!


This paper debunks 5 myths surrounding cost estimating for manufacturing, based on years of input—talking with thousands of estimating managers, customer surveys, trainings, and on-going feedback. We expose these myths and offer improvement opportunities that can save your business. Overpriced quotations may be forcing your customers to seek out your competition.

cost effective maintenance roi  Cost Estimating Myths Busted! This paper debunks 5 myths surrounding cost estimating for manufacturing, based on years of input—talking with thousands of estimating managers, customer surveys, trainings, and on-going feedback. We expose these myths and offer improvement opportunities that can save your business. Overpriced quotations may be forcing your customers to seek out your competition. Read More

ROI Case Study: IBM Business Analytics, Accelrys


IBM Cognos Express Xcelerator helped this software and services company earn a 586 percent ROI in just three months by providing deeper insights about products, services and costs.

cost effective maintenance roi  about products, services and costs. Read More

5 Tips to Effective Compensation Management


Compensation management systems automate and manage the planning, modeling, budgeting, analysis, and execution of enterprise-wide compensation plans. Organizations that have invested in these systems cite a number of significant benefits. This field guide will explore five critical steps to ensure that you get the most out of your compensation planning investments.

cost effective maintenance roi  Tips to Effective Compensation Management Compensation management systems automate and manage the planning, modeling, budgeting, analysis, and execution of enterprise-wide compensation plans. Organizations that have invested in these systems cite a number of significant benefits. This field guide will explore five critical steps to ensure that you get the most out of your compensation planning investments. Read More

CHAMPS Computerized Maintenance Management System: Powering Asset Reliability and Performance


CHAMPS Computerized Maintenance Management System (CMMS) is designed to reduce maintenance cost and deliver increased return on your assets. We can show you how CHAMPS CMMS will transform your asset management processes.

cost effective maintenance roi  designed to reduce maintenance cost and deliver increased return on your assets. We can show you how CHAMPS CMMS will transform your asset management processes. Read More