Maintenance reports are very helpful for businesses if maintenance reports are correct and complete, they can provide crucial information that can grow your business at great speed.
In this blog, you will know what a maintenance report is? Why maintenance reports are important and why their accuracy is important! So, let us begin!
What Is the Maintenance Report?
Maintenance reports are used by top management, including managers as they let them know the performance of assets and equipment. They review time spent on maintenance and analyze them to the previous performances.
Other than this, the cost is analyzed, time consumed for performing maintenance, and key performance indicators are also analyzed in the process. The purpose of equipment maintenance is to detect anomalies and properly eliminate them.
When you keep doing this practice you will notice increased efficiency of the machine and enhanced asset performance along with less time spent on maintenance. Maintenance reports are also helpful in reducing downtime and minimizing equipment failure.
What Is the Importance of Keeping Maintenance Records?
The importance of keeping maintenance records includes information regarding each and every asset or piece of equipment that your organization has! It has information such as when the last maintenance was given to an asset or when it was purchased, and maintenance software can alert maintenance managers about upcoming maintenance activities.
How assets were performing before providing asset management and how it works after providing maintenance so that comparison can be done to see the performance.
Maintenance records assist in avoiding expensive repairs. We know the maintenance of some assets is less expensive and some of them are exceptionally high. Fixing or repairing costs is just the sum needed to bring back assets into working conditions.
Upkeep records are kept in order to each maintenance and repair done on equipment.
With the assistance of a maintenance record, one can without much of a stretch decide when and which upkeep technique is needed to be performed on a specific asset.
These methods assist in avoiding sudden equipment failure and diminishing the cost needed in order to repair.
Another important reason why maintenance record keeping is required is safety.
With the assistance of maintenance records, one can without much of a stretch decide how severe an asset is, you can also know when it might fail so that asset failure can be avoided, and maintenance is done before it occurs.
When you take steps to avoid asset failure it increases safety for employees and a safe environment is given to employees without worrying about their health. It additionally assists one with guaranteeing what assets are safe to work with.
Why Should Maintenance Data Be Accurate and Complete?
Maintenance data accuracy is very important because if data is not accurate then you cannot rely on data. The efficiency of data decreases and decisions based on this data is not effective. As a result, the output is not as per expectations.
Maintenance data must be complete, it does not matter how much time or boring it is! But you must ensure that the data is accurate and complete.
If any of the data fields are empty, then you might miss some information and could be important while making decisions.
Maintenance reports play a crucial role in several ways such as maintenance planning, forecasting, and maintenance budgeting. Now if reports are not accurate or not complete then it will impact all these ways as well. That is why accuracy and complete data are so important.
What Are the Best Practices for Maintenance Reports?
The best practices for maintenance reports are discussed below:
1. Keep a Record of Every Maintenance
Keeping a record of every maintenance is very important because it can make you more productive and more efficient.
For instance, if assets come for maintenance and no data is kept then you would not remember next time the same asset came again for maintenance that what solution was provided to an asset for the same problem.
However, if you keep data then you would know that the asset came two months before, and this solution was given so you might choose another alternative solution for the asset.
2. Invest in Automated Software
Investing in automated software can help you a lot. When you invest in automated software it eliminates the manual process and increases accuracy.
Furthermore, lots of things are simplified with automated software.
Scheduling maintenance is one of the features of maintenance management software as it alerts the maintenance manager about the scheduled maintenance for each asset.
Moreover, it centralizes the data for better efficiency.
3. Ensure Data Accuracy
One of the best practices is to ensure that the data entered is correct as we said earlier that inaccurate data is no good for organization maintenance improvement.
When the data is accurate you can achieve enhanced revenue, decreased expenses, better return on investment (ROI).
4. Utilize Past Maintenance Data
Reports & data come in handy to gather all the information about assets that arrived for maintenance.
It is helpful to know when the asset was purchased when the last maintenance was done on this asset & how it has performed after the last maintenance.
It makes you more productive and reports are helpful in making informed decisions.
All advanced business relies upon the preciseness of information. Without it, all cutting-edge technology doesn't mean anything, as the outcomes you get rely upon the nature of data you give.
Data is key to growth & report maintenance exactly provide that! Organization struggles a lot, especially related to maintenance.
An upkeep report is a record that contains explicit data about your past maintenance activities and their impact on cost, resources, assets.
There is no doubt for improving business and optimization you need CMMS software (computerized maintenance management system). It can be the ice breaker for your organization and take your business to another level.
Frequently Asked Questions (FAQs)
1. Why is asset maintenance so important?
If maintenance is not provided on time to assets it can result in increased maintenance costs and asset productivity will decrease as well. When you provide maintenance on time it results in increased productivity, decreased expenses, increased asset life, and makes assets more reliable. Maintenance decreases chances of failure, if asset failure during the busy time with the possible of an reliable asset management software, then it impacts the production work badly.
2. What are the features of CMMS Software?
There are several features of CMMS Software:
1. Real-time information
2. Inventory & asset tracking
3. Reports & analytics
4. Preventive maintenance
5. Simple work order creation
6. Create a checklist for maintenance workers
3. Which type of maintenance is best for business?
Maintenance is mainly can be categorized into two categories proactive maintenance and reactive maintenance. In proactive maintenance, assets are scheduled for maintenance whenever any sign is seen of failure or after a certain time is over.
In reactive maintenance strategy, when machine failure has occurred and now it needs maintenance. Reactive maintenance can also be planned with condition-based maintenance in which the maintenance team is on standby. Whenever a failure occurs the team can start performance. So, you have to choose maintenance as per your requirements.