Maintenance : What’s the cost of outdated systems?
According to the latest data in North America, commercial and residential real estate use an estimated $40 billion worth of outdated equipment, which costs them $50 billion in unexpected building’ system downtimes.
According to maintenance professionals, the leading causes of unscheduled equipment downtime are :
- Aging equipment (34%)
- Mechanical failure (20%)
- Operator error (11%)
- Lack of time for maintenance (9%)
- Poor equipment design (8%)
In 2020, 46.91% of surveyed companies in North America reported that they spent 21% to 40% of their operating budget on cleaning and preventive maintenance.
Meanwhile, 35.67% spent 1% to 20% of their budget. On the other hand, 2.25% of companies spent more than 80% of their operating budget on system maintenance alone (HVAC). (CMM, 2020)
Maintenance : What’s the cost of outdated systems?
According to the latest data in North America, commercial and residential real estate use an estimated $40 billion worth of outdated equipment, which costs them $50 billion in unexpected building’ system downtimes.
According to maintenance professionals, the leading causes of unscheduled equipment downtime are :
- Aging equipment (34%)
- Mechanical failure (20%)
- Operator error (11%)
- Lack of time for maintenance (9%)
- Poor equipment design (8%)
In 2020, 46.91% of surveyed companies in North America reported that they spent 21% to 40% of their operating budget on cleaning and preventive maintenance.
Meanwhile, 35.67% spent 1% to 20% of their budget. On the other hand, 2.25% of companies spent more than 80% of their operating budget on equipment maintenance alone. (CMM, 2020)
Maintenance : Data strategies and team’ adoption
Maintenance is vital to commercial and residential Real Estate, particularly in commercial real estate: Offices building, industrial, warehousing facilities, facility management, and more.
- Preventive maintenance;
- Predictive maintenance;
Aside from using modern tools such as maintenance management software, including computerized maintenance management systems (CMMS), you need to know what’s going on in the field and what system’ component is present on a building to help develop better preventive maintenance plans.
Maintenanceproof adds to this with the concept of the memory of all asset inventory on a building, to know all the specifics about what is where by who on a building and associate the data for future-proof intervention.
Maintenance : Data strategies and team’ adoption
Maintenance is vital to commercial and residential Real Estate, particularly in commercial real estate: Offices building, industrial, warehousing facilities, facility management, and more.
- Preventive maintenance;
- Predictive maintenance;
Aside from using modern tools such as maintenance management software, including computerized maintenance management systems (CMMS), you need to know what’s going on in the field and what system’ component is present on a building to help develop better preventive maintenance plans.
Maintenanceproof adds to this with the concept of the memory of all asset inventory on a building, to know all the specifics about what is where by who on a building and associate the data for future-proof intervention.
Environmental KPIs: Up to 20% Operating Cost Savings
Perhaps nowhere is the need for Key Performance Indicators more urgent for organizations these days than in their attempt to meet environmental objectives.
Whether a self-imposed moral imperative, a legal obligation, or both, implementing environmental sustainability initiatives promoting energy conservation, reducing the generation of hazardous materials and greenhouse gases, or targeting other environmental goals- do more than make the world a greener place.
Environmental sustainability strategy deliver up 20% on operational costs mastery.
Key metrics might be based on the volume of recyclable versus disposable materials headed for landfills, the rate of energy reduction or adoption of renewable energy, better hazardous materials management and so on.
Being able to track the amount of water or electricity being used on a day-to-day basis, and where the energy sinks are, gives organizations the ability to take quick remedial measures that can have immediate returns.
A centralized real estate, infrastructure, and facilities management system is invaluable in supporting robust KPI data collection, reporting and data analysis.
Environmental KPIs: Up to 20% Operating Cost Savings
Perhaps nowhere is the need for Key Performance Indicators more urgent for organizations these days than in their attempt to meet environmental objectives.
Environmental sustainability initiatives can help make the world a greener place by promoting energy conservation, reducing hazardous materials, and other goals.
Environmental sustainability strategy deliver up 20% on operational costs mastery.
Key metrics might be based on the volume of recyclable versus disposable materials headed for landfills, the rate of energy reduction or adoption of renewable energy, better hazardous materials management and so on.
A centralized real estate, infrastructure, and facilities management system is invaluable in supporting robust KPI data collection, reporting and data analysis.
Added value of predictive maintenance
Besides the savings made from reducing maintenance costs, determine all ways the new technology will change and benefit operations.
Think about reducing and mastering:
- Amount of inspections
- The benefit of extending periodic maintenance intervals or skipping them altogether
- Lower labor costs
- Keep less excess inventory
- Not needing a big inventory of spare parts
- Lower insurance premiums
- Reducing energy waste
- Extending the asset’s lifetime
Added value of predictive maintenance
Besides the savings made from reducing maintenance costs, determine all ways the new technology will change and benefit operations.
Think about reducing and mastering:
- Amount of inspections
- The benefit of extending periodic maintenance intervals or skipping them altogether
- Lower labor costs
- Keep less excess inventory
- Not needing a big inventory of spare parts
- Lower insurance premiums
- Reducing energy waste
- Extending the asset’s lifetime