What are Fixed Assets?
Fixed assets are also known as long-term tangible assets, they can either be property or equipment that a company owns and works to produce income. Fixed assets are not assumed to be utilized or transformed into money within a year. They can be seen in the balance sheet. In this article, you will explore different fixed assets from several business industries and answer to why they should be tracked and managed. Business assets in different industries 1. Oil & Gas Industry Oil & Gas Industry is one of the biggest business industries across the world. The sector is providing jobs […]
Do You Know Where Your Assets Are?
Do You Know Where Your Assets Are? Your business is growing and perhaps you now have assets spread over multiple locations or have grown to the point where your company has so much stuff (inventory, computers, equipment) you have lost track of some items. You know that you need to do something but you are not quite sure what to do. Your belief is that you are too small for a Computer Maintenance Management Software (CMMS) There […]
The Secret Damage Of Dust
The Secret Damage Of Dust For many of us, dust is a mere nuisance or allergy issue that can normally be addressed with a dust cloth or allergy pill. The basic premise of dust issues is that if enough dust collects on a filter or in a ventilation system, airflow will be reduced. Reduced airflow may result in assets overheating, equipment malfunctions, breakdowns, and unnecessary repair or replacement costs. This is valid for any machine […]
How to know if your organization needs a CMMS solution?
How to know if your organization needs a CMMS solution? Today, more companies understand the benefits of implementing a CMMS (.Computerized Maintenance Management System) In the past, maintenance management systems were only found in manufacturing companies but we are now seeing maintenance software being used in other areas such as education, healthcare, public services, facilities, retail among others. If you do not use Maintenance connection Africa CMMS solution but you think your company might need […]
4 Steps to Manufacturing Maintenance Excellence
4 Steps to Manufacturing Maintenance Excellence Maintenance as a percentage of production costs remains a major expense for manufacturing and production facilities. The expense percentage will vary depending upon the type of industry, age of equipment, the sophistication of maintenance programs as well as general management skills. The commonality is that every organization has an opportunity to improve their processes and the lifecycle of assets. Some people focus on management, others on maintenance and a […]
5 key criteria to consider when choosing a CMMS for your company
5 Key Criteria to consider when choosing a CMMS for your company. Implementing the right asset and maintenance management system will prove to be one of the best operational decisions you can make to improve your bottom line. Today a roughly large percentage of businesses and local governments are using a maintenance management system to help streamline workflows. Using Maintenance Connection Africa’s CMMS to track preventive maintenance alone can save 12-18% of the cost usually […]