Sustainable Cost Savings

Due to the economic downturn and a decrease in demand, many companies have executed drastic cost cutting initiatives. Although probably justifiable for the short term, we all know that these so-called “quick wins” can have serious drawbacks on the long term.

By proactively monitoring your maintenance cost levels in your computerized maintenance management software (CMMS), you will have the ability to reduce costs in a sustainable way. In fact, organizations are able to reduce maintenance spending by 20-50% by implementing a sustainable cost savings initiative.

During this session, guest speaker Remco Jonker from Mainnovation provides an overview of the Cost Control Improvement Cycle, and discusses:

1) Asset based budgeting
2) The concept of gate-keeping
3) The use of reports and KPI’s to support processes

Upcoming Live Best Practices Webinar

Topic: What Does Your IoT have to Do with My IoM (Internet of Maintenance)?
Date: Wednesday, March 22, 2017
Time: 11:00am – 12:00pm ET (10:00am CT, 9:00am MT, 8:00am PT, 4:00pm GMT)
Speaker: Kevin Clark, Director of Global Service and Alliances, Fluke Corporation

During this month’s Best Practices Webinar, Kevin Clark, Director of Global Service and Alliances at Fluke, will offer practical ways maintenance professionals can apply the benefits of IoT (machine learning, analytics and mobility) to maintenance.

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