Equipment failures, lack of regular documentation of work processes, and poor work order administration are the three biggest issues maintenance teams faces.1 Nearly 70% of businesses use CMMS solutions to overcome their maintenance challenges, while only 5% of businesses have no maintenance solution.
CMMS (Computerized Maintenance Management Software) is a comprehensive solution for the maintenance of assets, the management of work orders, and the systematic tracking of reporting and compliance processes. This article provides an overview of CMMS software, its benefits, applications, and the points to keep in mind when implementing a CMMS solution.
CMMS is a software solution that allows users to manage the asset maintenance processes in a centralized manner. CMMS allows users to:
A CMMS can be confused and sometimes used interchangeably with Enterprise Asset Management (EAM), which is another asset management solution. However, a CMMS differs from an EAM solution in terms of its scope, focus area, and complexity. While CMMS mainly focuses on asset maintenance, the function of EAM embraces the entire asset lifecycle. Check our article on the differences between CMMS and EAM for a more comprehensive account.
Benefits of CMMS software include:
As a whole, CMMS software enables companies to increase efficiency and productivity, prevent fatal risks, and save both time and money. Feel free to check our in-depth article on the benefits of CMMS.
CMMS is used in asset-intensive sectors such as oil & gas, mining, and transportation. Due to its significant advantages in maintenance management, CMMS is also used in:
Check our article on CMMS software to explore different types of CMMS tools and top solutions.
If you have other questions, feel free to ask:
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Cem has been the principal analyst at AIMultiple since 2017. AIMultiple informs hundreds of thousands of businesses (as per similarWeb) including 55% of Fortune 500 every month.
Cem's work has been cited by leading global publications including Business Insider, Forbes, Washington Post, global firms like Deloitte, HPE and NGOs like World Economic Forum and supranational organizations like European Commission. You can see more reputable companies and resources that referenced AIMultiple.
Throughout his career, Cem served as a tech consultant, tech buyer and tech entrepreneur. He advised enterprises on their technology decisions at McKinsey & Company and Altman Solon for more than a decade. He also published a McKinsey report on digitalization.
He led technology strategy and procurement of a telco while reporting to the CEO. He has also led commercial growth of deep tech company Hypatos that reached a 7 digit annual recurring revenue and a 9 digit valuation from 0 within 2 years. Cem's work in Hypatos was covered by leading technology publications like TechCrunch like Business Insider.
Cem regularly speaks at international technology conferences. He graduated from Bogazici University as a computer engineer and holds an MBA from Columbia Business School.