Asset Management Blogs
Corrective 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…
Read MoreBest Enterprise Asset Management Software: 2024 Guide
Choosing the right Enterprise Asset Management (EAM) solution will be pivotal in managing assets in many industries, from manufacturing and energy to healthcare and hospitality. The ideal EAM solution should enhance operational oversight, control, and efficiency in several ways: While choosing an EAM system can seem like a straightforward process, choosing the right one from…
Read More4 EAM Trends to Watch in 2024
This article will discuss the top EAM trends to watch in the coming year. We will highlight how cutting-edge trends align with LLumin’s CMMS+.
Read MoreHow 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.
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