Tracking inventory is a time-consuming process. Yet, it is important for your maintenance facility or department because it has key advantages in several areas. These advantages allow you access to what you have, what you need, and what to order. Those are the simplified terms, yet there are so many more inventory tracking offers.
Learn more about Maintenance Inventory Software and why it's important for your business.
No matter what kind of facility you manage, tracking inventory is paramount to minimizing costs, knowing what's on-hand, and having the right parts and equipment when you need it. Maintenance Management Software allows maintenance facilities and departments to keep up with everything available, place new orders, and save money - all in real-time. It's user-friendly and can be used on a mobile device. Not only that, it's available in every location you have access to a web browser and Internet service. Check while you're on vacation, home for the evening, or anywhere you choose.
Computerized maintenance management system (CMMS) is a crucial system for many. Yet, at its inception, it did not track parts. Fortunately, that evolution soon followed. The inventory portion is part of the CMMS, just not in its entirety. Inventory Management Software covers your supplies tracking needs and keeps you in-the-know. You have an easier time with purchase orders, work orders, any vendor you use, and control to manage inventory easier and with better access.
Having a Parts and Inventory Management Management System allows you to do the following.
Keep all your spare parts and inventory in one easily accessed, convenient location. Your maintenance team can access this inventory management software readily and know what they have to work with. Inventory tracking and parts inventory management are easy to maintain. In fact, you can track items needed that are not in your inventory at the present time. When you use inventory tracking, you are always aware of inventory levels. This makes it easier for tasks like preventative maintenance, reports, and accurate levels of supplies.
Linking parts to assets allows team members to know what they need to complete a larger task. For example, an asset such as an HVAC unit will have filters, belts, and more. Painting materials can have different colors and styles. It's all part of the bigger picture with spare parts inventory.
This alerts the re-ordering department that a particular part has fallen below the minimum needed to maintain a task. For instance, preventative maintenance benefits from this advantage because the department gets an alert if they are low on a certain part. This is ideal for tracking items needed, not actually in inventory.
Every business wants to reduce costs - it makes perfect sense. And the parts and inventory you have are the ideal places to start. Here are a few ways Maintenance Inventory Software reduces costs while helping you stay organized. It's a win/win for the business by making the right decisions about the asset, stock, and usage.
Facility downtime costs the company time and money. And not having parts when you need them increases this downtime. By knowing the stock you have available, there are fewer surprises. And the parts and equipment you need are always ready.
For example, a task needs completion, and the part is out of stock. Whether you order the part or the employee has to get one, either cost extra time and money. Instead, alerts go out when a specific item is low according to the parameters you set. It's an ideal solution for automatically having control over all stock, including spare parts.
From the largest equipment to the smallest parts, you always know what is there. It's no secret that poor inventory management leads to financial mistakes. From ordering too much to not having enough and facing downtime, seeing the inventory makes for a better ran maintenance and preventative maintenance department.
This also helps lower the threat of theft. We all know that certain equipment and parts are valuable. By tracking what is on-hand, you know when something is missing that shouldn't be.
Your team's time is important to them and your company. Wasting time looking for parts puts them at risk of falling behind on crucial work tasks. A comprehensive maintenance inventory management system ensures that employees know what is in-stock at the click of a button. It even saves time having to browse the storage area and walking back and forth between tasks - only to find the needed item is not available. Instead, employees know what is on-hand and exactly where to find it.
Facilities that manage and track their inventory and parts effectively see a tremendous increase in the maintenance department's efficiency. This leads to improved ROI and significant savings. With Maintenance Inventory Software, expect a significant decrease in work delays because the parts needed are always on-hand. This segues into fewer unexpected shutdowns and less equipment downtime. Stock overflow becomes a thing of the past, too. Manage inventory easier - it's the perfect solution for managing work orders, purchasing, parts levels, and more.
With all these benefits, it's easy to see why Maintenance Inventory Software is crucial. It not only increases your return on investment but also improves the maintenance department's efficiency.
Find out how Projetech's Maximo as a Service can help your company get the most return on your Maximo investment.