By: Hannelore Fineman, Executive Vice President, Partner, eMaint
Justify the Cost of Computerized Maintenance Management Software (CMMS)
So you have heard about the benefits of Computerized Maintenance Management Software (CMMS), and now you are faced with discovering ways to offset the cost.
At eMaint, we have helped thousands of customers achieve savings in areas such as labor, inventory, downtime and asset lifecycle costs using our CMMS solution. By implementing a CMMS, organizations can increase technician wrench time, improve planning and scheduling parts, reduce downtime by preventing failures, and extending the life of assets.
By estimating the reduction in cost for issues that a CMMS works to improve, you can determine how much your organization can save per year. To calculate the total for your CMMS savings, we start by breaking up the cost benefits of CMMS into four major categories: labor/productivity, parts/inventory, downtime and asset health. Looking at these separately and considering the potential reductions, you can calculate your total annual savings from implementing CMMS.