What is Maintenance Management?: Better Asset Performance

 

For organizations who rely heavily on operational assets, knowing the answer to the question, “what is maintenance management?” is crucial. A robust maintenance management program can be the difference between enjoying optimal organizational efficiencies and a company with minimal visibility into the health, cost, and performance of its critical assets.

“Maintenance management programs are key to ensuring an operation’s resources are being used effectively and wisely. It helps prevent unplanned equipment outages and offers clear insight into equipment health.” Piper Wilder, CEO and Founder, 60Hertz Energy

With a well-structured asset maintenance management program, companies can better predict maintenance tasks and plan budgets accordingly; key tasks crucial for safeguarding their bottom line.

Let’s explore the ins and outs of maintenance management and discuss some of today’s top asset maintenance solutions.

What is Maintenance Management?

To understand and define maintenance management, it is essential to recognize it as a critical organizational function. These programs focus on the care and oversight of equipment and physical assets to ensure they perform optimally and to extend their useful life.

Maintenance management encompasses a broad range of maintenance activities, from routine inspections and repairs to comprehensive performance analyses and predictive maintenance planning.

Moreover, well-oiled maintenance management programs help organizations to:

  • Spend less time and money responding to reactive, urgent, and unplanned maintenance tasks
  • Extend mean times between failures (MTBF)
  • Better predict where to best allocate resources and funds

Modern maintenance management programs usually rely on specialty software programs called Computerized Maintenance Management Systems (CMMS). This software is designed to streamline and enhance an organization’s asset maintenance processes and provide enhanced insights into the health and operations of critical equipment.

6 Objectives of Maintenance Management

1. Optimize Maintenance Costs

Efficient maintenance management aims to minimize the expenses associated with upkeep and repairs while ensuring assets remain in peak condition. This balance is crucial for maximizing budget efficiency and overall financial health.

2. Extend an Asset’s Life Span

A key goal is to prolong the operational life of assets. Regular, proactive maintenance strategies prevent premature wear and tear, extending the lifespan and enhancing the return on investment for every asset.

3. Reduce Unplanned Downtimes

Minimizing unexpected failures is essential. By anticipating and addressing potential issues before they escalate, maintenance management keeps operations smooth and uninterrupted, safeguarding operational continuity, team safety, and productivity.

4. Ensure Compliance and Safety

Adherence to safety and regulatory standards is non-negotiable. Maintenance management ensures that all assets comply with industry regulations, thereby maintaining a safe, compliant environment for employees and customers alike.

5. Enhance Asset Performance and Reliability

The performance of each asset is optimized to ensure they operate at their best. This reliability supports consistent production levels and quality, contributing to overall organizational success.

6. Facilitate Better Decision-Making

Maintenance management provides critical data and insights, enabling informed decisions about asset management, resource allocation, and future investments. This strategic approach ensures that maintenance efforts are aligned with broader organizational goals.

Maintenance Management Objectives: A Closer Look

Objective Description Impact on Maintenance Management
Optimize Maintenance Costs Minimize expenses associated with maintenance operations. Maximizes budget efficiency and financial health.
Extend an Asset’s Life Span Implement proactive maintenance strategies to prevent wear and tear. Enhances return on investment by prolonging asset usability.
Reduce Unplanned Downtimes Anticipate and address potential issues to prevent unexpected failures. Safeguards productivity and profitability by minimizing disruptions.
Ensure Compliance and Safety Adhere to industry regulations and maintain a safe environment. Protects against fines and enhances workplace safety.
Enhance Asset Performance and Reliability Optimize asset operations to ensure peak performance. Supports consistent production levels and quality.
Facilitate Better Decision Making Provide data and insights for informed asset management and resource allocation decisions. Aligns maintenance efforts with organizational goals.

4 Core Strategies for Effective Maintenance Management

Robust and effective maintenance management takes several factors into consideration. Ideally, it needs to integrate a blend of maintenance strategies that work together to ensure assets operate at peak efficiency and for as long as possible.

The four core strategies include:

  • Reactive maintenance: Despite best maintenance practices, unplanned events happen. Processes need to be in place so teams know how to respond if an asset unexpectedly breaks down.
  • Preventive maintenance: Scheduled maintenance checks, calibration services, and regular asset health checks are key. These help prevent the unexpected breakdown of crucial equipment, safeguarding against unplanned downtime.
  • Predictive maintenance: Advanced CMMS tools can anticipate and address potential failures, optimizing maintenance efforts before issues arise. This is a deeper approach that goes beyond preventative maintenance that 47% of global manufacturers rely on.
  • Reliability-Centered Maintenance (RCM): Customizes maintenance strategies based on the criticality of assets, focusing on maintaining system functions and reliability. This aspect helps control budgets better and ensures funds are allocated appropriately.
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How a CMMS Powers Maintenance Management

The integration of CMMS into maintenance management practices marks a significant evolution in how organizations approach asset care. CMMS platforms are not just tools—they are transformative systems that redefine the efficiency and effectiveness of maintenance operations.

Centralized Data Management
A CMMS centralizes all maintenance-related data, providing a single source of truth for asset information, work orders, maintenance schedules, and historical records. This consolidation enhances accessibility and fosters informed decision-making.

Automated Maintenance Scheduling
Automation stands out as a core capability of CMMS, streamlining the scheduling of preventive and predictive maintenance tasks. By automating these processes, organizations can ensure timely maintenance actions, reducing the likelihood of asset failure and unplanned downtime.

Predictive Maintenance and Asset Health Monitoring
Leveraging technology and analytics, CMMS platforms enable predictive maintenance strategies. They monitor asset conditions in real-time, predict potential failures, and suggest preemptive maintenance actions, thereby extending asset life and optimizing maintenance resources.

Strategic Asset Management
CMMS tools facilitate a strategic approach to asset management. By analyzing maintenance data, organizations can identify trends, forecast future maintenance needs, and allocate resources more effectively, ensuring that critical assets receive the attention they require for optimal performance.

Why CMMS for Enhanced Asset Management?

CMMS software are sophisticated platforms that offer a centralized database teams can use to manage maintenance operations, gain real-time insights into asset health, maintenance schedules, and operational costs. Better visibility into operators and streamlined communication between stakeholders is also achieved.

For asset-reliant organizations, such as utilities companies, CMMS programs are indispensable. They enable precise tracking of asset conditions, facilitate the scheduling of preventive maintenance, and support decision-makers in allocating resources more efficiently.

By integrating a CMMS into a maintenance management strategy, companies can significantly:

  • Reduce downtime
  • Lower maintenance costs
  • Improve asset performance
  • Improve safety
  • Ensure operational continuity

 

End the Costly Break-Fix Maintenance Cycle

Leverage 60Hertz Energy’s CMMS to empower your critical asset maintenance program.

Book a Free Demo

A New Maintenance Management Definition for Energy and Utilities

Good maintenance management is crucial to a number of industries, however, it’s especially critical for organizations in the energy and utilities sector. Unplanned power outages cost American businesses $27 billion annually. For those who provide power, ensuring maintenance processes keep critical assets available and functioning at all times is paramount.

At 60Hertz Energy, we get it. Our CMMS is designed specifically for energy and utilities companies and has helped over 26 energy providers build better maintenance programs while saving thousands of dollars in annual maintenance costs.

Our user-friendly interface bridges communication gaps between stakeholders and operators, ensuring everyone involved in asset care is informed.

Want to see more? Book your free demo today.

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