Asset maintenance involves anticipating potential issues related to your assets and scheduling maintenance jobs to either prevent these issues or mitigate their potential impact. A maintenance schedule provides a clear picture of what work has to be done, when it has to be done and by whom. It also helps determine how the maintenance work will keep your assets in good shape and support your organisation’s operational goals.

Scheduled asset maintenance is useful for various reasons, such as improved efficiency, minimised downtime, cost reduction, and longer lifespan of assets. Let us gain an in-depth understanding of the reasons to schedule asset maintenance.

Why should you schedule your asset maintenance work?

Asset maintenance is an indispensable need for any organisation that manages asset portfolios. Overlooking this need can lead to negative consequences, like:

–> Unnecessary downtime: Poorly maintained assets are vulnerable to malfunctioning, resulting in considerable downtime that can eventually hinder your organisation’s operations.

–> High repair and maintenance costs: Small problems, when overlooked, can result in major issues that require costly repair and replacement.

–> Low productivity: Excessive downtime can stall your organisation’s operations and take a toll on your business productivity.

Well-planned asset maintenance can help prevent all of these problems, resulting in improved productivity and reduced costs. For efficient scheduling of asset maintenance jobs, organisations can rely on the best asset management software that can help you benefit from real-time reporting to make well-informed decisions about your assets.

How can scheduled asset maintenance benefit your organisation?
Well-planned asset maintenance jobs can result in benefits such as:

–> Asset efficiency: Well-maintained assets have a longer lifespan and maximised uptime, leading to improved asset efficiency.

–> Reduced repair and replacement costs: Scheduled and timely maintenance of assets can help keep the assets in good shape, minimising the need for unexpected or untimely asset repair or replacement, thereby reducing asset repair and replacement costs.

–> Improved productivity: Optimised assets enable improved organizational operations and productivity, which can eventually improve your business bottom line.

How do you perform scheduled asset maintenance?

Your scheduled asset maintenance plan should be devised around four Ws and one H, which means What, Why, When, Who and How.

You should answer questions like – What work is to be done? Why should it be done and what impact will it have on your organisation’s operations? When should the maintenance work be performed? Who will perform the maintenance task? How will the work be done and do you need any specific equipment or resources to perform the job?

Set your goals and targets for your asset maintenance plan and monitor it continuously to ensure that you accomplish your business objectives.

Using the best asset management software integrated with comprehensive asset maintenance features can streamline the process.

assetTRAC is smart and easy asset tracking software integrated with advanced asset management features. It enables seamless scheduling of asset management jobs, efficient workload distribution among volunteers and field employees, and real-time reporting for well-informed decision making.

FAQs

What does asset maintenance involve?

Asset maintenance comprises efficient scheduling of maintenance activities so that asset repairs are planned and performed on time, and assets are available to carry out their respective jobs when required.

What is asset management software?

Asset management software tracks and manages assets throughout their lifecycle – from procurement to disposal. It provides an organisation with important information like the location, condition, and usability of assets.

Do I need asset management software?

Yes. If you have a large number of assets and if you are facing challenges tracking or managing your assets manually, you will be far better off using asset management software. It will help you with efficient asset management, thereby increasing the lifespan of your assets, reducing asset repair and replacement costs, and leaving you with sufficient time to focus on other important tasks.