While companies with a Computerized Maintenance Management System (CMMS) typically leverage it for core maintenance operations, such as work order management and preventive maintenance, there is ample opportunity to extend beyond these essentials to improve other areas, particularly with today’s asset-centric, cloud CMMS. As various fiscal years come to an end or just kick off, that opportunity can take the shape of maintenance budget management.
“If there’s one topic that captures senior managers’ attention, it’s profitability.”
— David Berger
Plant Services magazine writes that corporate leaders tend to appreciate the tangible financial gains that result from using a better maintenance system. David Berger, a principal at Western Management Consultants in Toronto, notes that this is especially important for companies that are beginning to prepare their budgets for 2016 during this time of year.
“If there is one topic that captures senior managers’ attention, it’s profitability,” Berger argued. “If you’re trying to build a comprehensive work program and move to a more planned environment, then your success in winning support for these will hinge on how well you can demonstrate a positive impact on the maintenance budget and ultimately a significant improvement to the company’s overall bottom line.”
Modern CMMS can help your company unlock bottom line improvements.Below is a look at the myriad ways in which CMMS can help make your company more profitable:
Giving structure to data reporting
One change that a modern CMMS can make right away is to give structure to the budget reporting process. Whether your departments are reporting data each week, month, quarter or year, using a CMMS can help standardize that process so that all managers are on the same page and no element of the budget gets overlooked.
Establishing systematic job plans
If your company is preparing to undertake a major maintenance project in the near future, it helps to have a step-by-step process for how to handle it. An intuitive CMMS can help your company achieve 100 percent planned maintenance work, helping with everything from outlining tasks to appropriating skilled workers and necessary parts and tools.
Maintaining control of forecasting
A well-designed CMMS can help you forecast all of your company’s maintenance needs, and moreover, it can allow you to make adjustments later. With a good CMMS, you are in complete control of your long-term planning efforts, which helps you tweak your outlook as necessary.
Holding company personnel accountable
Finally, effective maintenance management requires accountability at every step of the way. For every task that falls under the maintenance umbrella, it must be clearly spelled out who’s in charge and whom they report to. Using a CMMS can help your company establish clear, specific ownership of every single element in your maintenance budget.
Get maintenance budgeting details in Bigfoot CMMS by reading this previous Maintenance Matters post.
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