Manage Equipment Maintenance – Part of Asset Life Cycle Management

Maximizing the performance of fixed assets and reducing the life time maintenance costs are key value drivers for improving your equipment inventory’s return on investment. These equipment can be any fixed capital investment, special tools, testing instruments and emergency equipment. Any Enterprise Asset Management solution should include features to manage equipment maintenance and associated work orders.

While most other Enterprise Asset Management solution providers require users to purchase a separate module to manage the maintenance activities on fixed assets, eQuip! has included the basic features to manage equipment maintenance and work order activities in one integrated solution.

• Schedule and track preventive maintenance activities
• Schedule and track ad hoc (i.e. on demand) maintenance activities
• Generate work orders. The work orders support user authentication
• Track work orders, time and labor, manage parts inventory
• Track capital asset replacement cost, warranty information for equipment and other assets

Features in eQuip! Asset Management solutions to Manage Equipment Maintenance:

• Create and store a register of all properties, fixtures and fittings, plant, motor vehicle and IT items, regardless of whether or not regular maintenance is required.
• Produce lists of Standard Tasks for each asset type to be used when generating Task Schedules for assets.
• Record past and present contract details and employee information.
• Generate Works Orders and Job Tickets from both Task Schedules and ad hoc repairs.
• Set automatic re-order levels to help manage stock more effectively.
• Produce a full range of standard and customized reports and forecasts.

Benefits from from using management equipment maintenance functions in an asset management solution:

The values from streamlined equipment maintenance operations come from four  improvement  areas: cost savings, efficiency gains, safety, and effectiveness.

Cost saving can include:

• Total cost of scraped materials as a result of machine malfunctioning
• Extra charge for last minute or unscheduled maintenance operations
• Extra spend for leasing temporary equipment due to breakdown

Efficiency gains can include:

• Total hours of idle labor as a result of equipment malfunctioning and unscheduled equipment downtime
• Total labor hours spent on generating work orders, filing subcontractor reports