A maintenance plan is critical to ensure a company’s assets are reaching optimal performance and to protect the health and safety of employees. By having a maintenance strategy, asset-intensive companies can gain insight into when their assets need to be repaired or replaced and prevent a breakdown or other workplace incidents that can lead to unplanned downtime, costing time and money.
Still, many companies don’t realize the money that can be saved by investing in an effective maintenance strategy. It’s an investment that can continuously pay off in the short, medium and long term life of the operation.
In this article, we look at how to understand the true cost of your strategy from a budget perspective, including the benefits of zero-based budgeting, and how the latest asset management software can help asset-intensive organisations achieve the best results for their operations.