Asset Management Blogs
Machine Failure Causes & Prevention Strategies
Machine failure is a term that refers to the failure of a machine to perform its normal functions, leading to a partial or complete loss of utility.
Read MoreWhat Are Maintenance Costs? + 5 Ways to Manage Them
Maintenance costs are necessary business expenses used to keep assets in good working condition. Many organizations rely on cost analysis and management to make responsible financial decisions, reduce waste, and increase efficiency. Understanding more about these costs can help your organization make better, more strategic asset management decisions. This article will discuss some practical ways…
Read MoreBest Fleet Maintenance Software: 2024 Review
This piece will provide an overview of the top fleet maintenance software on the market and highlight each platform’s benefits and features. Learn more.
Read MoreReliability Centered Maintenance (RCM): A Guide
Reliability Centered Maintenance enables organizations to identify the most important risk-mitigation tasks and strategically allocate resources.
Read More10 CMMS KPIs to Track & Improve
Computerized Maintenance Management System (CMMS+) can help organizations streamline maintenance operations with its core benefits, which include condition-monitoring of equipment health and performance, digitizing maintenance tasks, automating work orders, and advanced data analytics. It can also help you track and improve CMMS KPIs (Key Performance Indicators). With LLumin, you can easily track important KPIs such…
Read MorePredictive Maintenance in the Oil and Gas Industry
A high-level guide to predictive maintenance in the Oil and Gas industry. We will discuss how the movement from reactive to preventative maintenance led to the development and deployment of predictive (proactive) maintenance in the Oil and Gas industry.
Read MoreWhat 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.
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