Maintenance Management Strategy - Asset Infinity

Reads: 11  | Likes: 0  | Shelves: 0  | Comments: 0

  • Facebook
  • Twitter
  • Reddit
  • Pinterest
  • Invite

Status: Finished  |  Genre: Other  |  House: Booksie Classic

Maintenance Management is the topmost important for every business. Hence, we must know these tips to enhance your maintenance management strategy

Maintenance is one of the most important activities for business because it is crucial to maintain assets in good condition. However, there should be a proper way for keeping track of maintenance. To keep maintenance scheduled & optimized, a maintenance management strategy is utilized.

What Are Some Important Maintenance Management Tips?

Below we have mentioned some important maintenance management tips:

Important Maintenance Management Tips

Also Read: Steps to Optimize Business Operations & Maintenance with Predictive Analytics

1. Maintain Assets and Equipment List

Maintaining an asset list is important for the business. It lets you know how many assets are there in the organization & most importantly you can plan maintenance for each asset accordingly. You can also know where assets are located. It allows you to make effective planning for maintenance. Furthermore, you can schedule maintenance according to the priority of the asset.

2. Emphasize Preventive Maintenance

Preventive maintenance is important not only for assets & equipment but also for organizations. It lets you know the current condition of the asset & most importantly it avoid sudden asset failure. Asset failure is the most destructive phase it leads to customer disappointment and business revenue loss.

Preventive maintenance takes care of assets proactively. Whenever performance is minimized or at the first sign of asset failure. The asset is scheduled for maintenance. Preventive maintenance decreased downtime and increases the efficiency of the equipment. Preventive maintenance is essential for maintenance management strategy.

According to Statista, “Most commonly deployed maintenance strategies in the manufacturing industry worldwide from 2017 to 2020. As of 2020, 76 percent of the respondents reported following a preventive maintenance strategy, while 56 used reactive maintenance (run-to-failure).”

Statistics of Maintenance Strategies in Manufacturing Industry

3. Create a Checklist for Every Maintenance Work Order

Maintenance technicians have so many tasks in hand they forget basic activities. That is why it is important to maintain a checklist for each work order. This way technicians will not only able to know what are specific activities they need to do but they will not forget to usual activities as well. Since every maintenance has something specific so the checklist can be customized as per the need. A checklist can help keep your maintenance team organized.

A checklist also assists organizations by making sure that organizations do not skip any step in the business process. It can be simply used to keep track of all tasks. Checklist results in improved productivity because no tasks are forgotten.

Also Read: Routine Maintenance Tasks for Managing Daily Jobs on the Worksite

4. Keep Maintenance Track

When there are a lot of assets then it becomes hectic to maintain track of maintenance. When maintenance is not provided on time to assets it results in decreased asset performance, not just that it can also lead to asset failure. After which daily operation hinders. If maintenance is not planned it can go over your budget. To avoid these issues, you need to keep track of maintenance.

When you maintain data of maintenance you can align maintenance routine and it can decrease downtime.

5. Move to Automated Process

For effective maintenance, the pen and paper method needs to be eliminated from the organization once and for all. It is prone to error and often leads to wrong judgment. If you are using a spreadsheet for collecting data unfortunately you will not know if any changes are made by any other user because a spreadsheet is not meant for asset management. Furthermore, there are chances of human error as well.

To avoid these issues, you need to move to an automated process. It will eliminate spreadsheet usage and since it is automated it will minimize human error as well.

6. Invest in Maintenance Software

For an effective maintenance management strategy, investing in maintenance software is essential. It is very beneficial for business in several ways. It will keep track of maintenance and alerts you when maintenance needs to be done. So, it keeps the manager free for other activities.

This software accentuates preventive maintenance and assists in decreasing maintenance expenses.

Since asset management software is automated, it keeps track of asset maintenance history and eliminates the pen and paper method usage. Furthermore, this software plays a crucial role in boosting the performance of assets, increasing productivity, and most importantly it keeps track of asset lifecycle.

This software provides detailed reports that help make a decision based on facts and numbers, not based on assumptions. Asset management reports can reveal errors and mistakes and you can tackle them easily. Furthermore, managers can analyze data, and maintenance patterns can be identified which will help you to plan accordingly. With this software, you will have a complete list and details of each asset and equipment. You can plan the maintenance of each asset according to that list.

What Are the Benefits of Providing Maintenance to Assets?

  1. Avoiding unexpected failure
  2. Increasing asset performance
  3. Increasing asset life
  4. Minimizing maintenance expenses
  5. Employee & asset safety
  6. Maximum utilization of assets

These are the benefits of providing maintenance to assets.

Conclusion

Maintenance is a very critical part of the business. It can make or break the organization’s bottom line. Maintenance does not always mean repairing sometimes it also means providing service & calibration. It is also done for increasing the efficiency of machines and equipment.

Without asset management software maintenance management strategy will be incomplete. In big organizations maintenance is done to ensure that machines and equipment work efficiently and do not suffer from sudden breakdown. A maintenance management software makes the work of the maintenance team a lot simpler, as it provides a checklist for each maintenance work order.

Also Read: Why Integrate an Equipment Monitoring System with Asset Management Software?

Frequently Asked Questions (FAQs) 

1. What are the advantages of asset management software?

Asset management software provides several advantages:
1. Increasing productivity
2. Track maintenance history
3. Better decision making
4. Detailed reports

2. What happens when you do not provide maintenance to assets?

When maintenance is not provided on time it can result in:
1. Asset failure
2. Underutilization of assets
3. Increased maintenance expenses
4. Daily operation hindrance
5. Decreased productivity
6. Decreased asset life cycle

3. What is asset maintenance management?

This is a never-ending process in which assets are sent to repair, enhance performance, calibration, safety, reliability & longevity, etc. In this process, assets are sent according to the priority of each asset.

Maintenance is one of the most important activities for business because it is crucial to maintain assets in good condition. However, there should be a proper way for keeping track of maintenance. To keep maintenance scheduled & optimized, a maintenance management strategy is utilized.

What Are Some Important Maintenance Management Tips?

Below we have mentioned some important maintenance management tips:

Important Maintenance Management Tips

Also Read: Steps to Optimize Business Operations & Maintenance with Predictive Analytics

1. Maintain Assets and Equipment List

Maintaining an asset list is important for the business. It lets you know how many assets are there in the organization & most importantly you can plan maintenance for each asset accordingly. You can also know where assets are located. It allows you to make effective planning for maintenance. Furthermore, you can schedule maintenance according to the priority of the asset.

2. Emphasize Preventive Maintenance

Preventive maintenance is important not only for assets & equipment but also for organizations. It lets you know the current condition of the asset & most importantly it avoid sudden asset failure. Asset failure is the most destructive phase it leads to customer disappointment and business revenue loss.

Preventive maintenance takes care of assets proactively. Whenever performance is minimized or at the first sign of asset failure. The asset is scheduled for maintenance. Preventive maintenance decreased downtime and increases the efficiency of the equipment. Preventive maintenance is essential for maintenance management strategy.

According to Statista, “Most commonly deployed maintenance strategies in the manufacturing industry worldwide from 2017 to 2020. As of 2020, 76 percent of the respondents reported following a preventive maintenance strategy, while 56 used reactive maintenance (run-to-failure).”

Statistics of Maintenance Strategies in Manufacturing Industry

3. Create a Checklist for Every Maintenance Work Order

Maintenance technicians have so many tasks in hand they forget basic activities. That is why it is important to maintain a checklist for each work order. This way technicians will not only able to know what are specific activities they need to do but they will not forget to usual activities as well. Since every maintenance has something specific so the checklist can be customized as per the need. A checklist can help keep your maintenance team organized.

A checklist also assists organizations by making sure that organizations do not skip any step in the business process. It can be simply used to keep track of all tasks. Checklist results in improved productivity because no tasks are forgotten.

Also Read: Routine Maintenance Tasks for Managing Daily Jobs on the Worksite

4. Keep Maintenance Track

When there are a lot of assets then it becomes hectic to maintain track of maintenance. When maintenance is not provided on time to assets it results in decreased asset performance, not just that it can also lead to asset failure. After which daily operation hinders. If maintenance is not planned it can go over your budget. To avoid these issues, you need to keep track of maintenance.

When you maintain data of maintenance you can align maintenance routine and it can decrease downtime.

5. Move to Automated Process

For effective maintenance, the pen and paper method needs to be eliminated from the organization once and for all. It is prone to error and often leads to wrong judgment. If you are using a spreadsheet for collecting data unfortunately you will not know if any changes are made by any other user because a spreadsheet is not meant for asset management. Furthermore, there are chances of human error as well.

To avoid these issues, you need to move to an automated process. It will eliminate spreadsheet usage and since it is automated it will minimize human error as well.

6. Invest in Maintenance Software

For an effective maintenance management strategy, investing in maintenance software is essential. It is very beneficial for business in several ways. It will keep track of maintenance and alerts you when maintenance needs to be done. So, it keeps the manager free for other activities.

This software accentuates preventive maintenance and assists in decreasing maintenance expenses.

Since asset management software is automated, it keeps track of asset maintenance history and eliminates the pen and paper method usage. Furthermore, this software plays a crucial role in boosting the performance of assets, increasing productivity, and most importantly it keeps track of asset lifecycle.

This software provides detailed reports that help make a decision based on facts and numbers, not based on assumptions. Asset management reports can reveal errors and mistakes and you can tackle them easily. Furthermore, managers can analyze data, and maintenance patterns can be identified which will help you to plan accordingly. With this software, you will have a complete list and details of each asset and equipment. You can plan the maintenance of each asset according to that list.

What Are the Benefits of Providing Maintenance to Assets?

  1. Avoiding unexpected failure
  2. Increasing asset performance
  3. Increasing asset life
  4. Minimizing maintenance expenses
  5. Employee & asset safety
  6. Maximum utilization of assets

These are the benefits of providing maintenance to assets.

Conclusion

Maintenance is a very critical part of the business. It can make or break the organization’s bottom line. Maintenance does not always mean repairing sometimes it also means providing service & calibration. It is also done for increasing the efficiency of machines and equipment.

Without asset management software maintenance management strategy will be incomplete. In big organizations maintenance is done to ensure that machines and equipment work efficiently and do not suffer from sudden breakdown. A maintenance management software makes the work of the maintenance team a lot simpler, as it provides a checklist for each maintenance work order.

Also Read: Why Integrate an Equipment Monitoring System with Asset Management Software?

Frequently Asked Questions (FAQs) 

1. What are the advantages of asset management software?

Asset management software provides several advantages:
1. Increasing productivity
2. Track maintenance history
3. Better decision making
4. Detailed reports

2. What happens when you do not provide maintenance to assets?

When maintenance is not provided on time it can result in:
1. Asset failure
2. Underutilization of assets
3. Increased maintenance expenses
4. Daily operation hindrance
5. Decreased productivity
6. Decreased asset life cycle

3. What is asset maintenance management?

This is a never-ending process in which assets are sent to repair, enhance performance, calibration, safety, reliability & longevity, etc. In this process, assets are sent according to the priority of each asset.

Maintenance is one of the most important activities for business because it is crucial to maintain assets in good condition. However, there should be a proper way for keeping track of maintenance. To keep maintenance scheduled & optimized, a maintenance management strategy is utilized.

What Are Some Important Maintenance Management Tips?

Below we have mentioned some important maintenance management tips:

Important Maintenance Management Tips

Also Read: Steps to Optimize Business Operations & Maintenance with Predictive Analytics

1. Maintain Assets and Equipment List

Maintaining an asset list is important for the business. It lets you know how many assets are there in the organization & most importantly you can plan maintenance for each asset accordingly. You can also know where assets are located. It allows you to make effective planning for maintenance. Furthermore, you can schedule maintenance according to the priority of the asset.

2. Emphasize Preventive Maintenance

Preventive maintenance is important not only for assets & equipment but also for organizations. It lets you know the current condition of the asset & most importantly it avoid sudden asset failure. Asset failure is the most destructive phase it leads to customer disappointment and business revenue loss.

Preventive maintenance takes care of assets proactively. Whenever performance is minimized or at the first sign of asset failure. The asset is scheduled for maintenance. Preventive maintenance decreased downtime and increases the efficiency of the equipment. Preventive maintenance is essential for maintenance management strategy.

According to Statista, “Most commonly deployed maintenance strategies in the manufacturing industry worldwide from 2017 to 2020. As of 2020, 76 percent of the respondents reported following a preventive maintenance strategy, while 56 used reactive maintenance (run-to-failure).”

Statistics of Maintenance Strategies in Manufacturing Industry

3. Create a Checklist for Every Maintenance Work Order

Maintenance technicians have so many tasks in hand they forget basic activities. That is why it is important to maintain a checklist for each work order. This way technicians will not only able to know what are specific activities they need to do but they will not forget to usual activities as well. Since every maintenance has something specific so the checklist can be customized as per the need. A checklist can help keep your maintenance team organized.

A checklist also assists organizations by making sure that organizations do not skip any step in the business process. It can be simply used to keep track of all tasks. Checklist results in improved productivity because no tasks are forgotten.

Also Read: Routine Maintenance Tasks for Managing Daily Jobs on the Worksite

4. Keep Maintenance Track

When there are a lot of assets then it becomes hectic to maintain track of maintenance. When maintenance is not provided on time to assets it results in decreased asset performance, not just that it can also lead to asset failure. After which daily operation hinders. If maintenance is not planned it can go over your budget. To avoid these issues, you need to keep track of maintenance.

When you maintain data of maintenance you can align maintenance routine and it can decrease downtime.

5. Move to Automated Process

For effective maintenance, the pen and paper method needs to be eliminated from the organization once and for all. It is prone to error and often leads to wrong judgment. If you are using a spreadsheet for collecting data unfortunately you will not know if any changes are made by any other user because a spreadsheet is not meant for asset management. Furthermore, there are chances of human error as well.

To avoid these issues, you need to move to an automated process. It will eliminate spreadsheet usage and since it is automated it will minimize human error as well.

6. Invest in Maintenance Software

For an effective maintenance management strategy, investing in maintenance software is essential. It is very beneficial for business in several ways. It will keep track of maintenance and alerts you when maintenance needs to be done. So, it keeps the manager free for other activities.

This software accentuates preventive maintenance and assists in decreasing maintenance expenses.

Since asset management software is automated, it keeps track of asset maintenance history and eliminates the pen and paper method usage. Furthermore, this software plays a crucial role in boosting the performance of assets, increasing productivity, and most importantly it keeps track of asset lifecycle.

This software provides detailed reports that help make a decision based on facts and numbers, not based on assumptions. Asset management reports can reveal errors and mistakes and you can tackle them easily. Furthermore, managers can analyze data, and maintenance patterns can be identified which will help you to plan accordingly. With this software, you will have a complete list and details of each asset and equipment. You can plan the maintenance of each asset according to that list.

What Are the Benefits of Providing Maintenance to Assets?

  1. Avoiding unexpected failure
  2. Increasing asset performance
  3. Increasing asset life
  4. Minimizing maintenance expenses
  5. Employee & asset safety
  6. Maximum utilization of assets

These are the benefits of providing maintenance to assets.

Conclusion

Maintenance is a very critical part of the business. It can make or break the organization’s bottom line. Maintenance does not always mean repairing sometimes it also means providing service & calibration. It is also done for increasing the efficiency of machines and equipment.

Without asset management software maintenance management strategy will be incomplete. In big organizations maintenance is done to ensure that machines and equipment work efficiently and do not suffer from sudden breakdown. A maintenance management software makes the work of the maintenance team a lot simpler, as it provides a checklist for each maintenance work order.

Also Read: Why Integrate an Equipment Monitoring System with Asset Management Software?

Frequently Asked Questions (FAQs) 

1. What are the advantages of asset management software?

Asset management software provides several advantages:
1. Increasing productivity
2. Track maintenance history
3. Better decision making
4. Detailed reports

2. What happens when you do not provide maintenance to assets?

When maintenance is not provided on time it can result in:
1. Asset failure
2. Underutilization of assets
3. Increased maintenance expenses
4. Daily operation hindrance
5. Decreased productivity
6. Decreased asset life cycle

3. What is asset maintenance management?

This is a never-ending process in which assets are sent to repair, enhance performance, calibration, safety, reliability & longevity, etc. In this process, assets are sent according to the priority of each asset.

Note: This article was originally published at Asset Infinity. You can see the original post here at https://www.assetinfinity.com/blog/tips-to-enhance-maintenance-management-strategy


Submitted: February 04, 2021

© Copyright 2021 assetinfinity. All rights reserved.

  • Facebook
  • Twitter
  • Reddit
  • Pinterest
  • Invite

Add Your Comments:


Facebook Comments

Boosted Content from Other Authors

Short Story / Mystery and Crime

Short Story / Non-Fiction

Book / Mystery and Crime