as•set noun
: property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies
How many assets does your company own? 50? 500? 5,000? Whether your organization is a warehouse, university, manufacturing plant, retail location, resort, hospital – the list goes on – chances are your organization has thousands of assets. How is your company keeping track of the upkeep of those assets? Surprisingly, many companies are still using Excel spreadsheets or, even worse, paper logs to track the condition of their assets. This can be an incredibly daunting and inefficient task for a facility manager. This is where a Computer Maintenance Management System, or CMMS, comes in.
CMMS is being used more and more by savvy facility managers who realize the need for a better way to organize and keep track of their assets. But asset inventory is really only the beginning of a capable CMMS. CMMS also allows users to create preventative maintenance, work orders, condition assessments, purchase orders, and much more. So let’s answer the question, why are more facilities using CMMS? Because organizations can save a tremendous amount of time and money by having a streamlined process of organizing their assets, and by keeping all actions associated with those assets in one place.
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