Asset Management Software

Asset management programs—also known as computerized maintenance management system (CMMS) software—helps maintenance managers track the important metrics that help you understand the true lifecycle cost of your assets. These metrics include...

  • purchase price and date
  • life expectancy
  • warranty expiration
  • replacement cost
  • and more.

Plus, advanced reporting functions help you see where those costs are coming from: labor, parts, energy, and more. 

What Can Asset Management Software Do for Me?

Asset lifecycle data helps you decide when you should repair an asset and when you should replace it. Outdated machinery can easily cost more than it's worth. Your oldest machine might be costing you the least amount of money in repairs—or the most—but you’ll only know if the data is there.

With each purchase and every work order, maintenance teams use an asset management program to document:

  • labor costs
  • parts costs
  • energy costs
  • purchase price and date
  • life expectancy
  • warranty information
  • replacement costs
  • other custom data

So when it's time to decide whether to repair or replace an asset, you'll have data from your asset management software to make a decision based on hard numbers.

These decisions affect more than the replacement budget. Analyzing the life cycle of assets also helps reduce downtime and prevent unexpected repairs. And when it’s time for new equipment, you can also can estimate any training costs as employees get up to speed on the technology.

When you have the hard data about the age of the equipment and the miles, hours, life-to-date repair dollars, and other metrics—it easier to decide when it’s time to replace an asset instead of repair it. Asset management software data changes the way you make decisions because you have all the information at your fingertips to determine the total cost of ownership.

Find Out More

An asset management program from MPulse can help you make informed decisions about all aspects of the asset lifecycle, from purchase to disposal.