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Software Functionality Revealed in Detail
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 maintenance cost improvement

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.

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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 » maintenance cost improvement

Continuous Improvement Offers CMMS Maintenance Benefits


Computer maintenance management system (CMMS) packages are excellent tools for collecting, analyzing, and reporting data and can offer insight into a process’ problem. Critical success factors for the effective use for the CMMS involves clear support from management and measurable drivers involving time, quality, and cost.

maintenance cost improvement  for using more experienced maintenance personnel or even contracted specialists. The CMMS could also be used to check supplier history to uncover any problems with the quality of spare parts. The same holds true for the process of receiving, storing and issuing inventory items. Cost reduction The third key driver of a continuous improvement program is cost reduction through productivity gains. The CMMS can report on areas of high cost and drill down to the supporting cost detail, especially if Read More

Lean Asset Management--Is Preventive Maintenance Anti-Lean?


How can we determine the right maintenance strategy for a specific asset? To meet the objectives of lean, we need to evaluate the cost of failure in terms of both not meeting business objectives and any extra cost due to the need for unplanned or even emergency repairs.

maintenance cost improvement  proactive and accept more maintenance cost in order to insure that the asset will not fail. Here, a time-based preventive maintenance strategy works well. If both the cost of failure and the cost of maintenance are high, we need to use RCM concepts and manage the health of the asset to avoid failures while minimizing the maintenance cost. Reliability software enables us to manage asset health effectively and efficiently (lean), monitoring the condition of assets using a combination of time based Read More

Supply Chain Cost-cutting Strategies


Process industries (chemicals, food and beverage, oil and gas, etc.) face rising manufacturing and logistics costs. And they’re finding that the old strategies for cost containment no longer pack the same punch. Some surveys show that 75 percent of all respondents are redesigning their supply chains to keep these costs in check. Are you one of them? No? You’ve got a lot of catching up to do—and very little time to do it.

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Software Evaluation, Selection, and Procurement Part Two: Recommendations for Improvement


Pursuing an alternative strategy for software evaluation and selection, based on the capital investment paradigm and the principles outlined in this article, is an effective method to mitigate implementation risk.

maintenance cost improvement  ongoing growth of functionality, maintenance fees, vendor viability risks, software upgradability, and hardware requirements. Often the cheapest software solution ends up being the most expensive over its lifetime. For example, one factor that significantly impacts the total cost of the solution is software customization. Modifying packaged software is strongly discouraged due to the high-cost and complexity in supporting and upgrading the software over time. Often the lowest priced software lacks Read More

Use a Computerized Maintenance Management System to Improve Predictive Maintenance Performance


Companies that have moved from a highly reactive environment to a more planned one notice significant improvement. A computer maintenance management or enterprise asset management system is useful tool to create a planned environment, help build accurate equipment history, and develop comprehensive analysis capability.

maintenance cost improvement  made improved use of maintenance staff less overtime needed to respond to emergencies less stress with a planned shutdown better yield and less scrap, waste, rework, etc. lower total cost of ownership of assets more predictable and stable production scheduling, so that customer responsiveness is improved For companies moving in the right direction, however, there''s still some uncertainty as to the optimal balance of reactive maintenance, preventive maintenance (PM), and predictive maintenance (PdM) for Read More

Looking Beyond Cost Savings in PEO


Today’s outsourcing industry is expected to grow by 37 percent annually between 2007 and 2010. One growing specialization under IT outsourcing is product engineering outsourcing (PEO). While many IT companies have used PEO to realize significant cost savings along with increased quality and reliability, some companies have experienced negative results. Lean about common PEO pitfalls and how you can avoid them.

maintenance cost improvement  Beyond Cost Savings in PEO Xoriant Corporation is an offshore software product development company with global delivery centers, offering a wide range of software development engineering services like software testing, migration and porting services. We offer these services to a variety of industries including finance, telecom, ecommerce, customer-facing web publishers, and others. Source: Xoriant Corporation Resources Related to Looking Beyond Cost Savings in PEO : Outsourcing (Wikipedia) Read More

Six Ways to Achieve Sustainable Supply Chain Cost Reductions


We have all been through the experience of trying to hold on to hard won cost reductions in our supply chain operations in the face of unexpected changes in requirements. Read this white paper from Waer Systems to look at the factors that can derail sustainable cost reductions, and learn ways to improve sustainability of your cost reduction initiatives.

maintenance cost improvement  Ways to Achieve Sustainable Supply Chain Cost Reductions We have all been through the experience of trying to hold on to hard won cost reductions in our supply chain operations in the face of unexpected changes in requirements. Read this white paper from Waer Systems to look at the factors that can derail sustainable cost reductions, and learn ways to improve sustainability of your cost reduction initiatives. Read More

Dematic Selects aPriori for Product Cost Management


Dematic, a supplier of automated warehouse logistics and material handling systems, selected aPriori to control new product costs by providing real-time insight to cost projections in design and sourcing.

maintenance cost improvement  Selects aPriori for Product Cost Management Dematic , a supplier of automated warehouse logistics and material handling systems, selected aPriori to control new product costs by providing real-time insight to cost projections in design and sourcing.   Dematic designs, builds, and supports logistics solutions that optimize material and information flow, from receiving to shipping. A typical Dematic solution is built around process improvements, material handling technology, and software, whereby Read More

Projected Cost Analysis of SAP HANA


In September 2013, SAP commissioned Forrester Consulting to conduct a cost-based analysis to examine the potential cost savings and reduction in total cost of ownership (TCO) that enterprises may realize by deploying HANA. This report provides a framework for users to evaluate the potential financial impact of HANA on their organizations.

maintenance cost improvement  Cost Analysis of SAP HANA In September 2013, SAP commissioned Forrester Consulting to conduct a cost-based analysis to examine the potential cost savings and reduction in total cost of ownership (TCO) that enterprises may realize by deploying HANA. This report provides a framework for users to evaluate the potential financial impact of HANA on their organizations. Read More

Driving Continuous Supply Chain Improvement and Savings


In the 40 or so years since the Toyota Production System first introduced the principle of sustainable elimination of waste in business, supply chains have never been under greater strain to remain cost effective. Read on to see how Waer solutions are supporting sustainable cost reductions and continuous improvement in the supply chains of two very large aerospace companies.

maintenance cost improvement  Continuous Supply Chain Improvement and Savings In the 40 or so years since the Toyota Production System first introduced the principle of sustainable elimination of waste in business, supply chains have never been under greater strain to remain cost effective. Read on to see how Waer solutions are supporting sustainable cost reductions and continuous improvement in the supply chains of two very large aerospace companies. Read More

Financial Forecasting: Room for Improvement for People, Process and Technology


Preparing an accurate forecast in this volatile business climate is challenging. Still, it is critical for businesses to be able to predict outcomes for the next month, quarter or year, and be able to respond quickly when the actuals vary significantly from the forecast. Forecasting may be equal parts art and science, but the most dialed-in enterprises report using a solid, collaborative process for generating accurate forecasts.

maintenance cost improvement  financial forecasting,accurate financial forecasting,accurate financial forecasts,rolling forecasts,implementing rolling forecasts,better financial forecasting,IDG Research Services Read More

Outsourcing Security Part 2: Measuring the Cost


Evaluating the cost of outsourcing can be challenging because most organizations cannot fully estimate the financial impact of such a decision.

maintenance cost improvement  for 10 servers. (5) Maintenance cost based on 15 percent of software license cost. (6) Setup cost includes implementation and setup services for remote management and ongoing maintenance for software. Without MSSP, implementation services are costlier and company must provide ongoing software maintenance (upgrades, patches, etc.) with internal resources. (7) Salary increases based on average high 9 percent increase over previous year. (8) This scenario assumes a conservative 30 percent annual turnover Read More

Data Quality: Cost or Profit?


Data quality has direct consequences on a company's bottom-line and its customer relationship management (CRM) strategy. Looking beyond general approaches and company policies that set expectations and establish data management procedures, we will explore applications and tools that help reduce the negative impact of poor data quality. Some CRM application providers like Interface Software have definitely taken data quality seriously and are contributing to solving some data quality issues.

maintenance cost improvement  Quality: Cost or Profit? Market Overview In the past year, TEC has published a number of articles about data quality. ( Poor Data Quality Means A Waste of Money ; The Hidden Role of Data Quality in E-Commerce Success ; and, Continuous Data Quality Management: The Cornerstone of Zero-Latency Business Analytics .) This time our focus takes us to the specific domain of data quality within the customer relationship management (CRM) arena and how applications such as Interaction from Interface Software can Read More

Tightening the Chain-Supply Chain Cost-cutting Strategies


As companies struggle to control costs, the supply chain and management of supply resources have come under scrutiny. The supply chain is one area where a company can achieve quick gains and receive a fast return on investment.

maintenance cost improvement  the Chain-Supply Chain Cost-cutting Strategies Originally Published - October 23, 2006 Managers are finding creative ways to mitigate supply chain costs while maintaining operational efficiency. New approaches, technologies, and methodologies are aiding with these cost-cutting measures. Use of a third party logistics provider (3PL), radio frequency identification (RFID) rentals, and attribute-based demand planning can drastically reduce supply chain costs and increase customer satisfaction. This Read More

Rimini Street: The End of Full-price Software Maintenance Is Here!


In a recent press release, Rimini Street boldly declared the end of full-price software maintenance. The vocal and upbeat third-party software maintenance provider for various popular SAP and Oracle enterprise systems believes that a tipping point has finally been reached in the market for annual maintenance (certainly, the public cloud enterprise software providers have long been preaching even

maintenance cost improvement  End of Full-price Software Maintenance Is Here! In a  recent press release , Rimini Street boldly declared the end of full-price software maintenance. The vocal and upbeat third-party software maintenance provider for various popular SAP and Oracle enterprise systems believes that a tipping point has finally been reached in the market for annual maintenance (certainly, the public cloud enterprise software providers have long been preaching even the outright elimination of maintenance expenses in their de Read More