Your company's assets are your lifeline.
Without the proper facilities, equipment and fleet resources it would be difficult, if not impossible, to achieve the level of performance you expect from your business. Yet surprisingly, many entrepreneurs fail to adequately systematize the asset maintenance process and subsequently experience a negative impact on their bottom line.
In many cases, the problem is that business owners don't fully understand the benefits of maintenance management software. They assume that the only purpose of a decent commercial management application is to record preventative maintenance tasks – a function that they haphazardly attempt to perform with a combination of paper logs and Excel spreadsheets.
To fully appreciate the importance of facilities and asset management solutions, you'll need to understand the range of benefits today's technology offers for the average business. Although the benefits your company receives may vary based on the features your application provides, many solutions are capable of producing the following outcomes:
- Efficiency. Asset maintenance is a quagmire of inefficiencies. Without sufficient planning, preventative maintenance tasks for facilities and equipment can be neglected or even duplicated. When combined with the redundancies that are involved in a disorganized maintenance system, you can see how a good software solution can dramatically improve efficiency.
- Value retention. Capital assets that are maintained according to a strict schedule retain their value and usefulness much longer than those that are maintained irregularly. When you sell the business, you will realize higher valuations when you can prove that equipment and vehicles have been maintained in a latchkey maintenance system.
- Asset tracking and scheduling. Even well-maintained assets can be difficult to track, particularly if your company is a fast-paced, multi-user work environment. Most commercial management solutions offer tracking and scheduling features that conveniently centralize the task of monitoring where your assets are and when they will be used.
- Compliance. Fleets, equipment and even facilities are usually subject to compliance tasks. Noncompliance can result in work delays or stoppages, unless you are utilizing a maintenance application that automatically notifies you when it's time for inspections, registrations and other required functions.
- Environmental initiatives. It's not uncommon for maintenance management software applications to include features that support your company's green initiatives and simplify the process of conducting energy audits or other environment-friendly objectives.