Asset Management Blogs
What Is a Maintenance Schedule? A Simple Guide
What Is a Maintenance Schedule? A Simple Guide A maintenance schedule lays the foundation for safe, efficient, and productive facilities and equipment. It facilitates the organization and deployment of planned maintenance while ensuring that resources (people, parts, and materials) are properly aligned to meet operational goals. This guide will delve into the fundamentals of maintenance…
Read MoreEquipment Depreciation: What You Need to Know
Calculating equipment depreciation is a priority for many businesses. Whether you’re planning to invest in new equipment or considering the retirement of older assets, it’s essential to monitor both your equipment’s depreciation rates, maintenance history, and real-time performance. This blog will review the most common methods for calculating depreciation, providing insights into this important process.…
Read More5 Parts Inventory Management Best Practices
Parts inventory management is a foundational process of the most effective maintenance management programs. LLumin’s CMMS+ can improve this process.
Read MoreHow to Improve Production Efficiency: 5 Strategies
This blog will explore how to improve production efficiency and how it’s measured. We’ll also introduce LLumin’s CMMS+. Learn more.
Read MoreCorrective Maintenance: The Ultimate Guide
Corrective maintenance will play a role in a company’s preventive maintenance processes or reactive responses to equipment failures and breakdowns.
Read MoreMaintenance KPIs: The Complete Guide
Maintenance KPIs are useful tools for effectively managing facilities, and they can be optimized with LLumin’s CMMS+ software. Learn more.
Read MoreMean Time Between Failure Formula And Examples
LLumin discusses the mean time between failure formula and how proper tracking with cutting-edge CMMS software can help your facility.
Read MoreWhat Is Scheduled Maintenance? A Guide for Maintenance Managers
Maintenance planning and maintenance scheduling are not the same thing. On the one hand, you can plan to carry out your maintenance schedule and then postpone actually scheduling it. Scheduled maintenance involves deciding on a certain task to be performed, determining the time or date the maintenance will occur, and then assigning maintenance to the…
Read MoreWhat Is Asset Performance Management?
Getting the most out of expensive equipment is a major concern for businesses of all sizes. As technology advances, more businesses are shifting away from break-fix maintenance and toward strategies that provide greater control over the operational life of business-critical assets, with the advantages of increased lifespan, reliability, and performance. This mini-guide will explain what…
Read MoreHow to Determine & Extend the Useful Life of Assets
If you’re wondering how to determine the useful life of assets, you’re probably concerned about how long your assets will last, will their value to the organization rank higher than their cost, and of course, over time, what will they be worth from a financial perspective. This information is critical to consider, particularly considering how…
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