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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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 roi reducing maintenance costs

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 » roi reducing maintenance costs

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.

roi reducing maintenance costs  of return on investment (ROI) will depend on your company. However, with your detailed knowledge of the company, these benefits may be just the tip of iceberg. This is Part Two of a two-part note. Part One discussed the Challenges and Features of a CMMS. Interfaces Depending on what applications you have installed and how seamless you want a CMMS to fit into your systems architecture, the complexity and number of interfaces can be significant. The chart below lists potential interfaces by functional area. 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.

roi reducing maintenance costs  CRM initiatives generated an ROI between 51 percent and 500 percent, and 30 percent of respondents saying the return was greater than 501 percent. (1) Popping Bubbles - Maximizing CRM ROI, CRM Today (2) IDC: The Financial Impact of CRM, February 2004 (3) The Blueprint for CRM Success, CRMGuru.com, December 2002 (4) CRM Quiz: Where''s the ROI?, CFO Research Services and Saugatuck Technology May 2003 Creating a Cost-Benefit Analysis Assessing three categories—implementation costs, benefits, and risk—help Read More

Calculating ROI for Business Intelligence Solutions in Small and Midsized Businesses


For many companies, a challenging business event or critical business pain precipitates a conversation about business intelligence (BI). But don’t wait until you introduce new products, upgrade your IT environment, or notice that your inventory is increasing but not your sales. Find out how to build a return on investment (ROI) for your BI applications and projects, so you can leverage your own data before it’s too late.

roi reducing maintenance costs  (and costs) for the ROI calculation. Business Value Business Value Revenue Cost Assets Revenue / Pricing / Profitability Identify profitable and unprofitable customers to make necessary changes Identify opportunities to cross-sell products and services Reduce lost sales from out of stocks Optimize pricing across products and product lines Understand customers service costs to adjust pricing or service levels Gain clear, accurate view of different cost centers to understand savings opportunities, including 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.

roi reducing maintenance costs  of self-service automation—and significant ROI for HR and operations executives. An operations-focused ESS agenda yields strong dividends and contributes to greater workforce performance. Reduce costs Representative Results Reduce payroll by reducing errors Business case for one major airline 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 dat Read More

ROI for RFID: A Case Study Part Two: Implementation and Results


If companies are to find value in radio frequency identification (RFID), they need to view this technology as more than eliminating the scanning gun from the barcode equation. Companies considering implementing RFID must think beyond the confines of the four walls of the plant and factory in order to take full advantage the benefits that this type of technology has to offer. However, as is with any emerging technology, the bottom line is to only implement RFID when the ROI justifies it.

roi reducing maintenance costs  implement RFID when the ROI justifies it. To view a short video on RFID and some of the other Microsoft components, which are mentioned in this article that in action at KiMs, click on the icon: (High-Speed Connection Strongly Recommended) This is Part Two of a two part note. Part One was an introduction to the company and RFID. Part Two describes the implementation and results. About the Author Joseph J. Strub has extensive experience as a manager and senior consultant in planning and executing ERP proje 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.

roi reducing maintenance costs   Read More

Distribution: Costs Down, Customer Loyalty Up


Do distributors always have to settle for a trade-off between cost management and customer service? Is it impossible to keep costs down, yet still respond to customer needs and provide high-value products? Cost control needn’t impinge on customer service, and in fact, efficient processes can result in happier customers. How to use an integrated business management system to promote efficiency isn’t a secret—learn more.

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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.

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Unlocking Working Capital: Best Practices for Reducing Inventory


Two-thirds of the 400 survey participants in a 2007 Aberdeen report about inventory management place a high priority on working capital optimization. Many companies are reconsidering their business strategies, including implementing appropriate technology platforms that help automate supply chain processes. Learn about cost-effective and practical ways to reduce inventory so that working capital can be released.

roi reducing maintenance costs  Working Capital: Best Practices for Reducing Inventory Two-thirds of the 400 survey participants in a 2007 Aberdeen report about inventory management place a high priority on working capital optimization. Many companies are reconsidering their business strategies, including implementing appropriate technology platforms that help automate supply chain processes. Learn about cost-effective and practical ways to reduce inventory so that working capital can be released. Read More

Identifying the ROI of a Software Application for SCM Part 2: We Are Looking for the Vendor To Tell Us


Managers weighing an investment in software for supply chain face pressure to be right. Looking for a precise calculation of ROI often results in making an uninformed decision. This part discusses what to do when business analysis skills are lacking.

roi reducing maintenance costs  the ROI of a Software Application for SCM Part 2: We Are Looking for the Vendor To Tell Us Identifying the ROI of a Software Application for SCM Executive Summary    The competitive environment for every industry grows increasingly intense. Fast, reasonably accurate information about the impact of a software investment decision grows more critical. Many decision-makers look for an exact forecast of return on investment (ROI) from the purchase of a supply chain management application. At least Read More

CRM Secrets of ROI and TCO


There is a real cost associated with buying and using a customer relationship management (CRM) software system. Licensing, implementation, integration, and adminstration, are just some of the challenges companies face. Learn the secrets of twenty-one experts in CRM, IT, business and management consulting on getting real value from CRM software.

roi reducing maintenance costs  Secrets of ROI and TCO There is a real cost associated with buying and using a customer relationship management (CRM) software system. Licensing, implementation, integration, and adminstration, are just some of the challenges companies face. Learn the secrets of twenty-one experts in CRM, IT, business and management consulting on getting real value from CRM software. Read More

How to Cut Costs in the Cloud


The success or failure of spend and savings initiatives depends largely on the purchasing processes and technology platforms that support them. To ensure success, organizations need to build a flexible foundation that can adapt to savings measures as needed. Discover five best practices for spend management, inspired by innovations in cloud computing, and learn how they can help your company save money.

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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.

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