CMMS Insight Blog

What Is CMMS Asset Management?

Jun 10, 2019 10:12:38 AM / by CMMS Insight Staff

Your team can’t afford to wait. You can’t get caught up in the muddle.

You need to know where your assets are, what their state of repair is, and when your maintenance team is going to handle the problem.

A CMMS asset management software provides you the tools you need to keep your team lean and mean. Here’s what it is, how it works, and how it can benefit your team.

CMMS Asset Management

A computerized maintenance management system (CMMS) is a management tool originally created in the 1960s as a punch-card system to keep track of work orders.

It’s come a long way since then.

CMMS asset management today helps businesses reduce their maintenance costs, track assets, and organize workflows.

Basically, it’s used today as a centralized record of all your assets and equipment that your maintenance team is responsible for. That way, they can easily keep track of what needs to be done and what needs to be scheduled.

What Is It Used For?

Modern CMMS software has a variety of benefits for your maintenance team.

For one thing, it’s useful for tracking work orders. That was its original purpose, though it’s grown more sophisticated in the last 50 years. Maintenance teams can select equipment that has a problem, describe the problem, and assign someone to handle the work.

It can also handle external work requests if your maintenance team gets a request from someone outside their own team. It also gives them a complete history of the asset over the time that you’ve owned it so that they can spot any recurring issues with a piece of equipment.

It’s essentially a one-stop shop for your maintenance team to handle their daily work tasks.

As such, it’s useful for everyone from a floor technician to a business analyst to an accounting clerk trying to streamline your inventory.

Where Do You Install It?

There are two forms of CMMS you might use:

  1. On-site
  2. Cloud-based

On-site CMMS software is managed by your own business on your own premises. You’re responsible for its upkeep and troubleshooting any issues that might arise. It also grants complete data privacy and significantly better data security.

However, cloud-based CMMS software is far cheaper and faster to implement. It also takes the burden off of you, since the provider is responsible for handling updates to the system.

Benefits of CMMS

When you get down to it, your maintenance team has to be able to make informed decisions about your inventory and your assets. To do that, they have to have all of the relevant data in one place. Otherwise, things will get lost in translation.

A CMMS software allows you to consolidate all of the relevant information into one system. It allows you to transform historical data into insights and asset improvements.

It also helps improve your budget accountability, since you can see what’s going on with every individual asset at any given time.

Plus, with improved scheduling, you can actually reduce your overall labor costs. After all, the system allows your team to work more efficiently and take a proactive approach to asset management.

Making the Most of Your Assets

A CMMS asset management software allows you to maximize your assets and make the most of your team’s workday. That way, you can stop worrying about overtime and maintenance downtime and focus on giving your customers a great experience.

Topics: CMMS, Computerized Maintenance Management System, CMMS Software, Asset Management

Written by CMMS Insight Staff