Posts Tagged :

asset maintenance

Control your cost by controlling your reports

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COST CONTROL Cost control refers to management’s effort to monitor, evaluate, and trim expenditures. Managers should influence the actions of individuals who are responsible for performing tasks, incurring costs, and generating revenues.  First managers plan the way they want people to perform, then they implement procedures to determine whether actual performance complies with these plans.…

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Tips to keep your heavy equipment & machinery always on top condition.

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Heavy equipment & machinery is a highly valuable asset for every company who has/use it, these kind of asset requires constant maintenance to keep it in good working order. However, the only problem with these equipments is the cost – it is huge and sometimes makes quite a big hole in the pocket. Therefore, the…

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How to Improve Asset Uptime

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Based on the industry survey, 70% of equipment failure are self-induced where 40% of them due to human error. The blame can be distributed to various functions; maintenance, engineering, operation, quality & management. Standard Operating Procedure for Operations This is a tough one to complete. Most company only use generic terms to define an activity like…

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Late maintenance definitely means more expenses

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The terms “Predictive maintenance” is already replacing scheduled maintenance as a way to keep your asset in top performance, yet many companies still in late maintenance mode. Being late is mostly not done on purpose instead, it was due to lack of real-time information. What would happen due to late maintenance? Void in warranty, license…

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Did you get an accurate asset expense report?

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Did you spend many hours every month just to validate your company’s asset expenses? Making sure all the claims are valid, comparing historical records and eventually ended up draining million & billion of cash without any assurance that the expense is truly worth the performance. What makes asset expense claim valid? 1. Asset operator needs…

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