ROI EstimatorHosted by: Mark Stellfox

The following slides were part of a webinar hosted by MicroMain. Please click the link in the final slide to access the full webinar with complete audio and visual display.

Identify 5 areas affected by CMMS software

First, we’ll review CMMS software functionality. Maintenance software gives you the ability to document, monitor, and report on critical areas. The data CMMS software provides gives you an opportunity to improve processes and performance while reducing costs.

Next, we’ll walk through the ROI Estimator to provide you with an example of its use.

Finally, you will have access to the ROI Estimator so that you can apply your company’s specific information.

Evaluate potential savings in these areas:

• Extending asset life• Maintaining proper inventory levels• Increasing productivity and reducing overtime• Reducing utility usage• Equipment downtime

Results will vary for each company.

Accuracy of ROI Estimator is improved when actual data for your company is used.

Increasing asset life

• Here’s a basic example: All assets have a predicted life span. If, for example, a piece of equipment costs $50,000 and is expected to be in service for 10 years, the asset cost per year is $5,000. Asset failure even 6 months before predicted life end results in a loss of $2,500.

• Effective, routine scheduled preventive maintenance helps ensure the predicted lifespan of assets is maximized.

• Review your company’s assets and measure the actual versus predicted lifespan. Focus on critical assets. How many assets are there? What is the asset value?

• This information gives you the data you need to estimate improved asset life and savings achieved when effective preventive maintenance is scheduled and executed.

Maintaining proper inventory levels

• Effectively monitor and report on parts usage.• Use collected data to maintain parts inventory at

appropriate level.• Overstocking parts commits budget dollars before they

are genuinely needed. • Overstocking parts opens the door to revenue loss

should parts become obsolete.• Depleted inventory slows maintenance performance –

don’t run out of parts!• Review your company’s parts usage, inventory levels, and

parts obsolescence to identify opportunities for improvement.

Increase productivity and reduce overtime

• Track and report on actual labor usage. Improve processes to best utilize labor assets and reduce overtime and contract labor costs.

• Automate the creation of work orders and scheduling of tasks.

• Assign labor efficiently based on location, skills, or availability.

• How many maintenance people do you have on staff? How much time is spent waiting for work orders or parts? How much time is dedicated to paperwork?

• Analyze your company’s labor usage. What savings would be created by a 5% improvement in labor usage?

Reduce utilities usage

• The HVAC system in commercial facilities account for a significant portion of energy use.

• Proper maintenance, inspection, and servicing can reduce utilities costs.

• Review your company’s utilities usage and repair/replacement costs to identify opportunities for maintenance improvements and cost savings.

Equipment downtime

• Equipment downtime affects all companies. What are the key factors affecting your company?• Loss of deliverable product, labor waste, scrap and

rework costs (manufacturing)• Increase property availability (hotel, apartment, office)• Decrease interruptions for facility users (tenants,

students)• Increase comfort of visitors and guests / reduce

complaints• Increase facility access (hospitality, schools, recreation

areas)• Improve compliance / fewer incidents (healthcare, other

regulated industries)

CMMS software provides the ability to:

• Improve asset lifespan• Manage parts and inventory• Manage labor• Improve utility consumption• Reduce downtime

Data gathered in CMMS software provides reports that:• Measure current status• Track maintenance activities and costs• Document information that helps you improve performance

and reduce costs

Thank You

Questions?

Chat your questions now or contact us:

Phone: 888-888-1600 x271

Email: Info@MicroMain.com

Web: www.micromain.com

Click here to access the full webinar with complete audio and visual display.