Asset Management - Facilio Blog

Asset Management

A collection of 10 posts

Asset manager's guide to creating a Strategic Asset Management Plan (SAMP)

Asset Management Featured

Creating A Strategic Asset Management Plan (SAMP) With Five Handy Steps

Strategic asset management (SAM) is a top-down equipment management framework for long-term maintenance and operation planning. This approach prioritizes long-term physical asset investments while balancing capital and operational expenditure from a total expenditure (TOTEX) standpoint.

Visual Inspection

Asset Management

How Visual Inspection Reduces Equipment Malfunction

Visual inspection has been used for centuries to detect defects in equipment and manufactured products. Therefore, the inspection method is highly relevant, and various industries like manufacturing, energy, and medicine proactively use it.

Why is a building operating system essential for making buildings "smart"

Building Operations & Maintenance

Make Buildings Smart with a BOS and Cloud-Supervisory Platform

The primary role of a building operating system (BOS) is to control and monitor the mechanical, electrical, and communication systems in a building to provide a comfortable, safe, and efficient environment for the occupants.

What is condition based maintenance?

Asset Management

Condition-based maintenance: Definition, CBM strategy, and more

Condition-based maintenance uses sensors to monitor asset conditions in real-time and report faults as they start to appear, enabling you to schedule necessary maintenance, repair or replacement tasks before it fails completely and disrupts normal operations.

Best Fixed Asset Management Software

Asset Management

Top 15 Best Fixed Asset Management Software in 2022

Asset management is an organizational approach to managing the lifecycle of assets. This includes anticipating costs, planning for maintenance and upgrades, minimizing the total cost of ownership at the asset level, and simplifying manual data entry. An organization can benefit significantly from a good asset management strategy in terms of

Step-by-step guide to building a preventive maintenance (PM) checklist

How to Build a Preventive Maintenance (PM) Checklist?

If you are in charge of operations and maintenance (O&M) for a large asset and buildings portfolio, you know the challenges of working with large teams, vendors, and technicians. You may have a computerized maintenance management system software (CMMS) that helps generate work orders automatically, planned maintenance schedules, and

Asset Management

Asset Management

Repair or Replace Decisions For Asset Management are Simple With a CMMS

Asset management is critical for every business's operations. It helps to control downtime and manage unexpected costs. However, damages to the assets are inevitable. That's primarily due to regular wear and tear. In either case, you must decide whether to repair the existing asset or replace it with a new

What is Asset Lifecycle Management?

Building Operations & Maintenance

Asset Lifecycle Management: How To Optimize Asset Potential

Asset lifecycle management involves maintaining assets and optimizing their reliability and performance throughout their lifespan.

The Complete Guide To Enterprise Asset Management

Building Operations & Maintenance

The Complete Guide To Enterprise Asset Management

Enterprise Asset Management (EAM) is a combination of systems, software, and services to maintain, monitor, evaluate, and optimize assets for the entire asset life cycle.

Infrastructure Asset Management

Asset Management Featured

How a CMMS Helps With Infrastructure Asset Management

A CMMS (Computerized Maintenance Management System) centralizes maintenance information and simplifies maintenance operations. It is used by enterprises to maintain and optimize their current infrastructure. Via this, transportation, tools, connectivity, industrial infrastructure facilities, and other resources are used more effectively, and their accessibility is greatly improved. Additionally, CMMS also manages