“It is a capital mistake to theorize before one has data.” -Arthur Conan Doyle
In today’s economy, using an effective CAM solution can make or break a business. It’s the financial advantages that are of main concern. It’s the incentive of knowing how to save money by controlling costs associated with facilities, parts and labor. This trio of asset management key points is typically where the problems related to cost-effectiveness begin.
CAM is a sensitive formula that is successful when everything is funneled through a system that works efficiently. A core function of that formula – relevant to price control – is lowering maintenance costs. This is usually priority No. 1. This includes watching the following components: inventory and depreciation, scheduling of repair, logistics, utilization, monitoring (safety and tracking), total lifecycle, performance management, capital planning, and support.
To further control costs, it’s imperative that a software solution assist with increasing maintenance resource utilization. This relates to being aware of costs related to facilities, parts and labor. However, it’s also necessary to have a solution that helps improve equipment up-time. Having a working organization that creates a system that sets a standard for quality control will save dollars on a long-term basis.
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