Leveraging EAM/ERP data for Asset & Maintenance "Cost Analysis"
- asset life cycle costing & total cost of asset ownership
- cost allocation & charge back
- downtime cost estimation & monitoring
- spend analysis for
- spare parts inventory
- capital investment
- tools
- labor
- vendor sercvices & SLAs
- maintenance cost impact on the net profits
- forecasting maintenance and capital cost for planning & budgeting
- budget monitoring
- vendor performance analysis
- econometric analysis
- ROAI computation
Decisions based on Cost Analysis
- all Asset & Maintenance related costing information to make strategic & tactical decisions
- assess the impact of proactive maintenance on the Cost due to failures & unplanned downtime
- monitor Asset & Maintenance performance from Cost perspective
- find balnce between acquisition costs vs. operating costs by understanding Life cycle costing
- manage Vendor Performance
- long-term v/s short-term profitability perspective based on Life cycle costing
- Visibility of Cost factors across ogranization
