Asset Management Blogs
How To Categorize Asset DowntimeÂ
In this blog, we will delve deep into the world of asset downtime, its precise categorization, and why it matters more than ever. What is Downtime? Asset downtime refers to the period when a piece of equipment or machinery is not operational due to maintenance, repairs, or unexpected breakdowns. It’s the time when your valuable…
Read MoreHow to Reduce Equipment Downtime
This article will look at the most common causes of equipment downtime and share strategies for reducing it. Learn more.
Read MoreEAM Implementation: Key Steps & Best Practices
In today’s complex business landscape, effective asset management is critical for organizations, particularly those that rely on critical assets and infrastructure. Enterprise Asset Management (EAM) software has emerged as a vital solution, enabling businesses to optimize asset management processes and improve operational efficiency. Computerized Maintenance Management Systems (CMMS) software also plays an important role in…
Read MoreHow to Create an Asset Management Policy (+Free Template)
This guide will give you the necessary tools and information to develop an effective asset management policy (template). Learn more.
Read MoreTop Enterprise Asset Management Best Practices
Enterprise asset management (EAM) is a systematic way of maximizing the return on investment (ROI) from assets, machinery, and heavy equipment. It can help organizations track and manage physical assets and plan maintenance and repair more effectively. Without EAM, heavy assets can become a major source of liability and financial loss for a company. Today…
Read More9 MRO Storeroom Best Practices
A maintenance, repair, and operations (MRO) storeroom houses critical parts and tools used in the operation and maintenance of critical equipment. An efficient MRO storeroom is clean and optimally organized, which helps companies reduce waste, lower costs, and shorten maintenance cycles and repair times. Today we will discuss a variety of MRO storeroom best practices…
Read MoreCMMS vs. EAM: What’s the Difference?
The difference between computerized maintenance management systems (CMMS) software and enterprise asset management (EAM) software can sometimes be difficult to parse, as there is a significant overlap between the two. The main difference is in scope and functionality—CMMS is focused on maintenance operations, while EAM covers a broader range of asset management activities, including procurement,…
Read MoreWhat Is EAM (Enterprise Asset Management)?
Condition-based maintenance (CBM) differs from other approaches to maintenance in that it involves monitoring an asset’s actual real-time, conditions and operating paramters to determine what maintenance is needed.
Read MoreHow IoT-enabled maintenance solutions can elevate the performance of assets in the field, the fleet, and the plant
Since early 2020, organizations that rely on industrial machinery have faced labor shortages, disconnected markets, and disrupted supply chains. We know that the impact is more pronounced for organizations that operate on different machinery and assets. So how can companies move forward? To thrive for the remainder of 2022, companies should adopt the Internet of…
Read MoreMachine as a Service + IIOT = Flexibility + Real Opportunity for American Manufacturing: An equation that can’t be ignored
American manufacturers cannot do anything about the pandemic, but they do have one economic arrow in their quiver to use to counteract the downward economic direction – that is, adopting the Machine as a Service approach toward deploying additional machinery. American manufacturers who cannot come up with the capital to purchase new machinery can still…
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