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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.

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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 multiple 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 n Read More

The Three Rs of RFID: Rewards, Risk, and ROI


Prominent organizations and retailers, such as Walmart and the US Department of Defense are taking advantage of radio frequency identification, which promises real time tracking of products from the manufacturing floor to the checkout terminal. Despite the typical risks associated with adopting any early-stage technology, the competitive advantage and bottom-line business benefits of RFID are significant to both retailers and suppliers. It can significantly decrease warehouse, distribution, and inventory costs; increase margins; and enhance customer service.

cost effective maintenance roi  percent of the total cost of the product. With demand increasing and production costs declining, the tags are expected to reach 5 cents per tag in 2006. Mountains of data : The location of pallets, cases, cartons, totes, and individual products in the supply chain, the activities of picking, packing and shipping, the tracking of expiration dates, and recalls will all produce mountains of real time data. Most organizations are not ready to transmit, store, process, warehouse, and integrate that data with w Read More

CMMS Templates for Effective Implementations Part Three: 7 Steps to Rapid More Successful Implementations


With the advances today in technology it has become obvious that there is a need for maintenance management theory and practice to catch up with the advances made in business management theory and practice generally. The current state of CMMS technology is at a very advanced level, in a lot of cases far more so than our ability to apply it. This tool has very strong and provable results.

cost effective maintenance roi  with our ROI and cost statements, of our overall efforts. 4. Define the steps required to achieve the tactical goals The diagram on this page illustrates a 6 step progression required to create implement proceed along the path to the realization of the tactical goals that have been created. In this particular case the goal would be the achievement of a planned state of maintenance management. (Steps to the Planned State of Maintenance Management) However all of these steps, not including the 5th step, are 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 motivatin Read More

Spinnaker Support Announces New SAP Third-party Maintenance Customer


Spinnaker Support, a a provider of third-party maintenance for JD Edwards and SAP products, announced D+M Group as its latest customer. This win has multiple meanings for Spinnaker. For one, as a recent entrant into the third-party support and maintenance market for SAP customers (compared to a veteran provider like Rimini Street), this win adds to Spinnaker’s budding list of SAP

cost effective maintenance roi   Read More

Impact the Bottom Line, a Business Case For Reliability-Driven Maintenance


Many external factors are forcing companies to focus on cost efficiencies to gain a competitive advantage. As a result, maintenance organizations are now being charged with the responsibility to contribute to the bottomline. The condition, availability and reliability of site assets affect a company’s ability to meet fluctuations in market demands, maintain quality and safety levels, and minimize product losses. Improving asset reliability impacts the bottom line. Learn how to develop a business case to justify reliability-driven maintenance.

cost effective maintenance roi  companies to focus on cost efficiencies to gain a competitive advantage. As a result, maintenance organizations are now being charged with the responsibility to contribute to the bottomline. The condition, availability and reliability of site assets affect a company’s ability to meet fluctuations in market demands, maintain quality and safety levels, and minimize product losses. Improving asset reliability impacts the bottom line. Learn how to develop a business case to justify reliability-driven 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

ROI: Are You Ready to Walk The Walk?


ROI marketing is just starting to become mainstream. ROI selling is already out there, further advanced in adoption because of its perceived relevance to the selling process. It won't be long before several B2B software companies position their products as providing a superior ROI. Read on to find out if it's the right position to claim.

cost effective maintenance roi  How much will it cost to develop the foundation for an ROI strategy? A: A really effective ROI sales and marketing project does not come cheap, because it''s hard work and the return on this investment is virtually limitless. Consulting fees for ROI experts vary from $100 to $250 (USD) per hour. While that may seem like a lot, it''s not. Expect to spend between $35,00 and $45,000 (USD) to develop a useful ROI sales tool (see the process below) and expect to spend $75,00 to $100,000 (USD) for a full-blown Read More

How One Vendor Addresses Support and Maintenance Issues


SAP is addressing the problem of customers wanting support that vendors are either not providing, or providing at unjustifiable prices. Support and maintenance customers are committed to service contracts, but only to a point. New options are thus available.

cost effective maintenance roi  issues are High support costs—particularly for users of heavily customized, and thus highly functional, mature enterprise systems Costly upgrade requirements—an issue for users not interested in new nice to have features added to their older, stable systems Extended or lifetime vendor support programs—these programs can force customers to pay more over time for less service Penalty fees—to be reinstated on the current stable release after a customer discontinues maintenance To summarize: Read More

Lean Maintenance-Does It Impact Reliability? Lessons Learned and Best Practices


The main cause of lean maintenance failure is that companies fail to focus on asset reliability. The reliability approach to capacity, which includes risk prioritization analyses of assets, can help a company achieve lean success.

cost effective maintenance roi  PMs. Many times, maintenance costs are higher than they should be because of time-based PMs. Process for the sake of process . Companies focus on changing the maintenance process instead of using the same energy to focus on the reliability needs of the asset. I am not saying you do not need a strong maintenance process, but if you don''t understand the reliability needs of an asset enabling it to meet the business goals of an operation, then how do you develop a maintenance process? The Reliability Read More

Team With Business Management to Drive Out IT Cost


IT complexity drives cost and to a great extent, it is business management that drives IT complexity. Until IT architecture and infrastructure are simplified and configured into an adaptable platform, system design and construction will be fraught with wasteful work and non-essential components.

cost effective maintenance roi  to Drive Out IT Cost Team With Business Management to Drive Out IT Cost J. Dowling - July 25, 2002 Introduction   Does it cost more to run an IT Department that uses two relational database management systems than only one? How about three? How about a company that uses twenty-one different shop floor control systems or a state government that has more than thirty purchasing systems? Let''s throw out the infinitesimal percentage of companies who do benefit from having multiple variants of the same Read More

Maintenance Software--Plan Ahead to Maximize CMMS Vendor Web Site Visits


For those looking for a computer maintenance management system (CMMS) vendor, the Web is often the first place to start. There are a number of web site features one should examine in order to maximize web site visits. Reprinted with permission from Plant Engineering and Maintenance magazine.

cost effective maintenance roi  vendors reduce their distribution costs by encouraging users to download developed fixes, while others prefer handling the process themselves. Discussion database Discussion databases are handy and allows users and CMMS vendors to share tips about getting the most out of a CMMS application and traps that should be avoided. Tips and traps can be general or product-specific. Some vendors supplement this section with an ask the experts service that uses external expertise. Vendor demo For a company that''s Read More

The ROI Dilemma - Part 1 - Look at how bad you Look!


If you're going to use ROI in order to find new business or, justify your solution, be careful. ROI is a loaded gun and you might just shoot yourself.

cost effective maintenance roi  again increase. With her cost reductions and process improvements in place, as sales grow so will her profitability. With that type of information, I can reposition my emails, letters and telephone calls around her mindset. The call might now sound something like this. Karen, this is Bob Riefstahl with Future RFP Software and I''ve been spending time researching your organization. I noticed that you''ve been working hard at reducing costs in order to position your organization for future growth and Read More