Economic Recession-How CMMS Comes To Your Rescue

Economic Recession-How CMMS Comes To Your Rescue

Impact of Maintenance on Balance Sheet

In an alarming report, the UN’s trade and development body had provided a hint of the possibility of a global recession in 2020. The people, worldwide, feel the heat now with a decline in industrial production, per capita investment & consumption. In such a global scenario, a CMMS is a valuable tool that can demonstrate the degree of impact of maintenance activities on a company’s balance sheet.

Maintenance and post-recession growth

A mere survival during the recession is not praiseworthy. Rather it is high time that businesses rethink pursuing their traditional maintenance management approaches. Companies must be well-positioned to bounce back when the economy recovers and expedite production as soon as possible to shine as before.

Eminent consulting & research firms assert that the companies which combat recession and strike form in a short span are those which spend for out of the box approaches that serve as an alternative to conventional practices. For this strategy to be successful, maintenance has to be a part & parcel of it. Investing in maintenance ensures the production cycle is ready without any hidden delays & potential failures. Better planning is possible only when the health of assets and facilities are well maintained in a good shape. Planning is very essential for any company to make their way out of recession.

Productivity during recession

When the sales drives fail to bring in expected profits companies must turn to minimizing operational costs. For maximum cost efficiency the management must have great insights on the overall maintenance activities. The data on maintenance must be easily traceable and available at the click of a mouse. The best maintenance strategy is automation of work orders and the industries are steadily shifting towards digital transformation of maintenance realm of their businesses.

Apart from productivity concerns during recession, you’ll also be required to maintain your reputation and uphold the safety of workforce. With a good CMMS, in place, it will automate the preventive maintenance schedules. The schedules can, in turn, be broken down into tasks and checklists. These checklists appear right in front of the concerned people while discharging tasks that need special caution and protection.

A capable CMMS will also shield you against any potential legal risks that may arise due to non-compliance of government standards by establishing an effective procedure for work orders and schedules with reminders & escalations so that you never miss out anything you need to pay attention to, on time!


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5 Reasons Why to Invest in a CMMS during Economic Downturn?

5 Reasons Why to Invest in a CMMS during Economic Downturn?

5 Reasons Why to Invest in a CMMS during Economic Downturn?

A CMMS software is used by an organization for planning, tracking, measuring and optimizing stuff for better maintenance practices proving the value of maintenance. Let us have a look at some of the reasons for investing in a CMMS software.

1. Keep track of what’s happening in your business

Think of a place where you can pull up a specific asset and know all the information you need to know. That’s exactly the reality of today’s maintenance and asset management software.

You need not waste your time sifting through file cabinets or scouring through clipboards. The CMMS also help when the customer’s preventive maintenance procedures are under objections during a lawsuit filed by a guest. With all the detailed records, you can protect your business from serious matters as and when they arise.

2. Increased productivity

Just like a good billing software streamlines your business, having a good CMMS software like Innomaint will not only help you with preventive maintenance but also allows you to see instructions for a specific job, and whether you have the parts on hand to complete the job.

It also shows information such as service histories, warranties, etc. needed for your business. Some packages also come with additional features to manage reports and key performance indicators for presentation purposes. The cloud based CMMS solution Innomaint also allows you to connect to the cloud for faster and easier sharing for enhanced flexibility.

3. Foster teamwork and collaboration

Teamwork is often one of the most efficient ways to get things done in a company. When individuals work in a team, they can bounce ideas off each other and come up with a better solution. Innomaint helps promote behaviors that lead to better teamwork by providing a central location for users to collaborate.

For instance, a junior tech looking for a solution can use the CMMS to see how team members solved similar issues in the past. They can also take help from a senior technician to get suggestions for their task.

It also helps the organizations that work in rotational shifts to stay connected by transferring knowledge through Innomaint. It also makes sure that there are maximum transparency and alignment by offering the team better visibility of the activities of each member of the team.

4. Less downtime

Whenever a system breaks down, the downtime occurs while the machine is waiting to be fixed. It can be even longer if all the parts needed to fix the system are not available on hand. If you use Innomaint, you will be alerted when you need to order parts before a machine breaks down so as to reduce the downtime.

You can easily schedule and plan the maintenance to make it simple for the maintenance team. With achieving lesser downtime and increased productivity, Innomaint can be a great investment for organizations to become more cost-efficient.

5. Asset location

Do you often forget where a certain system or item is located? Large companies often fight with this issue constantly. Having a large business is great, but it’s difficult when you start forgetting where things are kept. Using Innomaint can be helpful in finding your assets effectively. The assets may comprise your machines, computers, products, employees as well as all the items needed to effectively do your business.

Bottom line

The CMMS software offers a helping hand for your business that you have needed for long. From taking care of the maintenance part to improving your productivity and keeping your employees trained, these systems come packed with many other benefits. And the best part about Innomaint is that it can be implemented with just a little tech knowledge.


To Automate Your Preventive Maintenance Process

Try Innomaint Equipment Maintenance
Management System for Free

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