Cost Justification

Is the investment in EAM software and its implementation cost effective? Absolutely.

By properly implementing and using an EAM package such as iMaint®, studies show that a company can save 15% to 30% of its current maintenance budget. Depending on the size and operating characteristics of your organization, that can translate into tremendous annual savings.

A.T. Kearney, in conjunction with Industry Week magazine, published a customer satisfaction survey. This survey sampled 558 companies who were currently using a maintenance management software package. These companies reported the following benefits:

  • 20.1% reduction in equipment downtime
  • 19.4% savings in lower materials costs
  • 17.8% reduction in MRO inventory expense
  • 28.3% increase in maintenance productivity
  • 9-month average payback time for a PC-based system
  • 14.5-month average payback time for all systems

The "Reader Panel Survey" conducted by the Plant Engineering and Maintenance Sourcebook revealed that among all plant production, engineering, and maintenance personnel the most critical issues facing them are cost control, safety and occupational health, quality management, and equipment maintenance.

iMaint in Action: Click for more info


iMaint Can Help...

Control costs by reducing downtime, reducing the number of emergency repairs, reducing unnecessary spare parts inventory, and by improving the use of labor resources.

Track your compliance with OSHA, EPA, and other regulatory agency guidelines by consistently including safety and precautionary steps in work order procedures.

Assure quality by helping you maintain your assets in peak operating condition.

Generate preventive maintenance work orders designed to keep your equipment up and running and to extend the life of your operating assets.

 

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"iMaint enables us to submit detailed cost information on a schedule that’s responsive to our needs. It also helps us to stay within budget, since we know where costs are at any time. "

Terri Stamey
City of Reidsville, NC