Seven Measures to Improve Asset Management at Your Company

Managing assets is an ever-changing field. Monitoring and data gathering devices are being introduced to the market at an increasing rate, each promising to provide more data and deeper insights into machine health. Even well-known software packages are becoming more intelligent, flexible, and efficient, thanks to cloud-based solutions and the incorporation of new techniques like machine learning and artificial intelligence. Understandably, many plant managers are feeling overwhelmed by the rapid pace of technological change. The good news is that you are not alone.

At CloudApper, we have the knowledge and expertise to help you. As a CMMS/EAM installation or maintenance support company, we can assist you in keeping your project on track at any stage of the process. Take a look at the following seven recent articles to help you better understand asset management.

Fourteen Keys to CMMS Data Security

Many CEOs and business owners are concerned about the safety of their company’s information systems, especially the CMMS-managed data. The likelihood of a security breach is increasing year after year, whether due to mechanical or electrical breakdown, human mistake, or malevolent activities such as hacking or attacks via computer viruses. Although there is no fail-safe solution, you may reduce your losses if you are well-prepared for the worst. In this article, we’ll go through 14 different strategies for preventing data breaches.

Don’t Merely Focus on the Reliability of Your Assets

Reliability-centered maintenance training, new industry standards, enhanced CMMS capabilities, reliability-focused software and services, and so on are all examples of this trend. Does asset dependability warrant the attention it receives? If it does not come at the price of being aware of the many other measures that areas, or perhaps more, impactful in relation to dependability in order to achieve asset optimization, then the answer is a resounding yes.

How to Improve Your CMMS’s Performance Management

Try to imagine what it would be like if you were able to present all of your stakeholders with a single version of the truth. Some of the most powerful CMMS systems on the market today include sophisticated performance management. Planning, transaction processing systems that enable performance management, and analysis and feedback loops are the three main components of a system that is effective in performance management.

What Makes Your CMMS So Clever?

Every management group is searching for an easy-to-use, smart management solution that can help them run their business. Every CMMS offers more-than-adequate capabilities for data input and reporting since we’re well-versed in the “management tool” component. Not only does CMMS package software’s “smart” component set it apart from other types of software, but it’s also crucial to how top management makes use of the CMMS.

What is the Best Way to Stay on Top of the Latest in Asset Costing?

Traditional methods of assigning overhead expenses for assessing product profit margins are becoming less and less useful as our physical assets get more complicated and expensive. Costs are often categorized by the sort of expense they represent, such as salaries, supplies, depreciation, and general upkeep. The trend toward smarter assets and higher automation implies that the direct labor component is decreasing as a proportion of overall product cost, to as low as 5% or less for some asset-intensive manufacturing companies. Because of this, product profit margins in marketing must be calculated with more precision to account for rising overhead costs.

Checklist for Asset Management Audit: How Well-Maintained is Your CMMS?

Have you ever wondered why some CMMS software issues persist through several versions and vendors? In many situations, the challenges arise not from the CMMS you choose, but from the procedures and management concerns around the system’s installation. Baselining your asset management processes, identifying and prioritizing problems, pinpointing their underlying causes, and developing a budget-justifiable improvement strategy are all viable options for dealing with your concerns.

Using Reliability Management Information to the Fullest Extent Possible

Astonishing amounts of information on assets may now be gleaned from modern business processes. That is the crux of the issue. When there are so many options, where do you begin? Before jumping headlong into the realm of Industry 4.0, or the Industrial Internet of Things (IIoT), or Smart Manufacturing for manufacturing processes, this article covers several simple wins.