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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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 maintenance costs 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 » maintenance costs roi

How to Choose a Service and Maintenance Application


If you’re not using a service and maintenance application, you may have reached the point where manual systems no longer support the pace of business. Where to start? You should know the five important questions to ask before implementing. The ten essential features to look for. How to prepare for product demonstrations. And the five most common mistakes people make.

maintenance costs roi  implementation Annual support and maintenance costs. Training methodology and training costs A plan for integrating your back-office systems How to Prepare for Product Demonstrations The software demonstration is an excellent time for your team to understand the features and capabilities of a particular solution. Take full advantage of this opportunity by following these guidelines. Inform software resellers about your specific needs in advance . A software demo is a reseller''s opportunity to profile 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.

maintenance costs roi  development, test and ongoing maintenance Implementation labor Ongoing administration and support labor Business Unit Costs Planning and requirements meetings User training and learning time Process change management Tangible and Intangible Benefits Benefits typically include increases in staff productivity, cost avoidance, increased revenue and margin, and reduced inventory through the elimination of errors. These are a handful of areas of improvement that should be considered: Key Benefit Area Key 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?

maintenance costs roi  fleet has experienced unscheduled maintenance then the total revenue increase could be as high as $720,000.00. Here is the calculation. Step 1. Costs = $1200.00/Day X 8 Lost Days multiplied by 30% of the fleet doing unscheduled maintenance or 150 vehicles = ($9600.00) X (30%X500) = ($720,000.00) lost revenue. Although this is only an example, it is a tangible calculation that can be used to build the business case to justify the cost and ultimate return on the investment for a CMMS/EAM package. 2. Read More

ERP ROI in Only 9 Months


Nucleus Research reports that NetSuite, a leading integrated Web-based business software suite, can deliver a positive return on investment (ROI) in fewer than nine months, by automating processes, boosting sales, increasing productivity, reducing or avoiding headcount, increasing data visibility, and retiring costly legacy systems. Learn how NetSuite business management software provides a positive ROI to businesses.

maintenance costs roi  old systems. Reduced IT maintenance costs Because NetSuite hosts its own applications and offers its own support, companies can avoid having full-time IT staff for technical support. Companies took advantage of the low IT overhead associated with NetSuite in different ways: In one case, a customer moved from Microsoft Dynamics GP to NetSuite and was able to eliminate a $55,000 IT staff position and $20,000 in annual license maintenance, and retired three servers that cost $1500 annually to upgrade. Read More

Computerized Maintenance Management Systems: A Tutorial Part Two: Benefits and Interfaces


A CMMS is an excellent business opportunity whose implementation can significantly improve operations, reduce equipment downtime, increase accountability of the maintenance functions, and produce substantial financial savings. Read on to learn how this can be accomplished.

maintenance costs roi  facilities are safer because maintenance work gets done properly and reliably. Recognizing these benefits, insurers may pass along these savings in terms of lower premiums to companies that use a CMMS. In this case, your company is actually getting a double hit; internal savings through cost reductions and external savings through lower premiums. At year end, a CMMS can assist you in preparing a more accurate budget, cutting spare part costs due to overstocking, and spreading maintenance dollars to more Read More

Demonstrating the ROI of an ERP System


What kind of tangible return on investment (ROI) can you expect from your enterprise resource planning (ERP) software? The answer: a lot more than you might expect. Purchasing ERP software represents a significant financial commitment, but in most cases, the software pays for itself within the first year—and will continue to generate cost savings for many years after. Where do these cost savings come from? Find out here.

maintenance costs roi   Read More

ROI Systems Defies The Odds Through Delighted Customers Part Two: Market Impact


ROI's approach has always been to offer proven but not necessarily leading-edge product technology, which has allowed the vendor to provide its customers with easy migration paths to updated technology.

maintenance costs roi  planning (DRP), preventive plant maintenance scheduling, product change collaboration (PCC) (a joint offering with Agile Software ), EDI and electronic funds transfer (EFT), and manufacturing lead-time (MLT) management/monitoring are numerous examples of QRM practices that ROI Systems has instilled pervasively throughout all of its MANAGE 2000 modules. Strategy For the reason of its suitability to most of the needs of midsize discrete manufacturing, the vendor has recently made some strategic decisions. Read More

Using IWR to Cut Labor Costs without Outsourcing


Intelligent word recognition (IWR) provides a competitive advantage for operations that rely on the conversion of paperwork into computer-usable form, such as data entry departments of big government agencies and large financial institutions. In fact, IWR can automate data entry at a cost so low that it enables users of the technology to successfully compete against offshore service bureaus.

maintenance costs roi  IWR to Cut Labor Costs without Outsourcing Intelligent word recognition (IWR) provides a competitive advantage for operations that rely on the conversion of paperwork into computer-usable form, such as data entry departments of big government agencies and large financial institutions. In fact, IWR can automate data entry at a cost so low that it enables users of the technology to successfully compete against offshore service bureaus. 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.

maintenance costs roi  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. Read More

How Airlines Can Stop Getting Murdered by Maintenance Costs


Patchwork maintenance repair and overhaul (MRO) systems can cost large airlines millions in duplicated effort, extra inventory, and delays. But with round-the-clock schedules to maintain, few airlines can afford to upgrade to an integrated MRO solution any time soon. Today TEC Analyst Philippe Reney looks at two ways airlines can improve their MRO capabilities without a complete IT overhaul.

maintenance costs roi  Stop Getting Murdered by Maintenance Costs The scale of an airline''s maintenance, repair, and overhaul (MRO) operations requires significant planning around moving assets, inventory, machine shops, and manpower, often on a round-the-clock schedule. This is particularly true for legacy carriers, i.e., large operators with multiple fleets of aircraft, round-the-clock operations, and international destinations to manage. Legacy airlines must also contend with complex multidepartmental processes often Read More

Service Parts Planning for Maintenance Management


Whether you have a small network with a couple of printers and a fax machine, or a sophisticated shop floor using robots, cranes, etc., you have to make sure your assets are functioning properly. One of the main challenges is finding the right spare part to repair your equipment. There are two facts that are certain in the enterprise asset management (EAM) world: 1. your equipment will break

maintenance costs roi  Parts Planning for Maintenance Management Whether you have a small network with a couple of printers and a fax machine, or a sophisticated shop floor using robots, cranes, etc., you have to make sure your assets are functioning properly. One of the main challenges is finding the right spare part to repair your equipment. There are two facts that are certain in the enterprise asset management (EAM) world: 1. your equipment will break sooner or later; and 2. it will eventually become obsolete. It is Read More

Justification of ERP Investments Part Three: Costs of Implementing an ERP System


Enterprise resource planning (ERP) implementation costs can be divided into one-time costs and ongoing annual costs. Both types of costs can be segmented into hardware, software, external assistance, and internal personnel. Reprinted from Maximizing Your ERP System by Dr. Scott Hamilton.

maintenance costs roi  of ERP Investments Part Three: Costs of Implementing an ERP System Enterprise resource planning (ERP) implementation costs can be divided into one-time costs and ongoing annual costs. Both types of costs can be segmented into hardware, software, external assistance, and internal personnel. *This is Part Three of a four-part article reprinted from Maximizing Your ERP System by Dr. Scott Hamilton. Bridging the theory and realities of current ERP systems, Maximizing Your ERP System provides pract Read More

Co-sourcing Helps Companies to Reduce Costs and Improve Efficiencies


In the ever-changing economy, organizations looking to cut costs and drive innovation are turning to co-sourcing as a cost-effective and less risky alternative to outsourcing or offshoring. This white paper explores the primary business benefits of the co-sourcing model and provides key information for evaluation.

maintenance costs roi  Development | Outsourcing Software Maintenance | Co-sourcing Effort | Allied Worldwide White Papers | Difference between Outsourcing and Co-sourcing | Co-sourcing Collaboration | Allied Worldwide Co-sourcing Solutions | Compensation Management Co-sourcing | How Are Co-sourcing Services Delivered | How to Reduce Cost with Co-sourcing | How to Improve Efficienecies with Co-sourcing | Co-sourcing Application Services | TEC Co-sourcing White Papers | Co-sourcing Software Evaluation | Read More

Enterprise Payback: Qualitative and Quantitative Factors in the ROI Equation


The requirement that enterprise software vendors deliver a measurable return on investment (ROI) has never been greater than right now. Customers are demanding that ROI analysis be a critical factor in their decisions to acquire new enterprise software. Without a demonstrable return, few customers are willing to invest scarce capital and human resources in new enterprirse software. A more complete analysis of return can be had by looking at the overall payback that enterprise software can offer to a company. Enterprise software payback includes not only quantifiable improvements in bottom and top line functionality, but also more qualitative measures-—such as new business opportunities, improved customer and partner relations, and improved time to market—-that contribute significantly to the success of a company's enterprise software implementation and use.

maintenance costs roi  cost,IFS,ROI,factors,implementation Read More