It doesn’t matter whether the inventory is categorized as raw materials, work in progress, or finished goods—managing the inventory is a vital part of any business. Here are more reasons why it’s so important:
Computerized Maintenance Management Software (CMMS) systems have revolutionized the day to day operations of companies spanning a wide range of industries. CMMSs are sophisticated and robust facilities management software systems that track work orders, quickly generate accurate reports, and instantly determine which of a business’ assets require preventive maintenance. On the latter, inventories and work orders were previously recorded manually by pencil and paper with little, if any attention directed toward preventative maintenance; as these usually occurred on an as needed basis when equipment breakdowns were detected. Today’s competitive economic climate has motivated increasing numbers of companies to turn to CMMS software systems. Used routinely, the results include extended equipment lifespans, improved organization, better time management and labor utilization and ultimately, reduced costs and increased profits.
Although U.S. and Canadian manufacturing sectors were both hit hard by the 2008-2009 recessions, each has experienced recoveries resulting in continued growth. According to FRED Economic Data (2017), the U.S. reported a record level third quarter in 2016 of approximately $2.18 trillion in industrial output. In Canada, manufacturing sales were reported up by 1.5%, amounting to $51.8 billion in November 2016 (Statistics Canada, 2017). In each case, upward trends have been observed since bottoming out during the recessions. It is also noteworthy, that in March 2017, the U.S. manufacturing industry reportedly employed 12.4 million people (FRED, 2017), while the Canadian manufacturing industry employed 1.8 million people during 2016 (Statistics Canada, 2017). These indicators attest to the importance and enormity of the manufacturing industries in both countries making them large contributors to their respective economies.
Taking the step to add a Computerized Maintenance Management System (CMMS) to your operation is much more than a financial investment. It also involves a commitment to the time and energy needed to ensure that the system is doing what it is designed to do. Any CMMS on its own – no matter how comprehensive or how well designed – will provide limited benefits unless users understand its purpose, value, and method of operation. Without consistent and appropriate user participation, a CMMS runs the risk of falling short of its intended mark.
Are you in the market for a CMMS (computerized maintenance management system)? Throughout your research, you’ll notice that pricing structures vary among the different maintenance management systems out there. Although it seems like only your wallet will be impacted, there’s more at stake than that. The pricing structure of your CMMS can ultimately determine the success of your software solution.
If you’re not already using a computerized maintenance management system (CMMS) chances are you’re using a paper or spreadsheet based system. We at Hippo, always hear that there isn’t enough time in the day to manually enter data. Companies are looking for a simple solution to their paper trail. Whatever your reason for making the switch to a CMMS, it requires an investment of time and money. Here at Hippo CMMS, we understand that you want to find the best match for your business needs with ease.
When any organization makes the decision to move forward in buying CMMS (computerized maintenance management system) or upgrading an existing one. As it is an established fact that, investing in a CMMS involves both time and money. Here are five steps that we recommend to help an organization to get the greatest return on investments.