by Clareena Nagassar | Nov 2, 2023
In the realm of asset management, one phrase is paramount: “Time is money.” Every minute of downtime translates into lost revenue, reduced productivity, and increased maintenance costs. To combat this, industries are turning to two powerful tools: Bills of... by Harkirat Ahluwalia | Nov 4, 2021
Planning is critically important in all areas of business, and especially within Asset Management. Many companies fail to plan and take part in reactive maintenance by responding to asset issues after the fact in solving their maintenance problems. Instead,... by Rhiana Safieh | Aug 5, 2021
Downtime refers to the duration of time when your machinery is not in production. While downtime can be planned for equipment set up or scheduled repairs, unplanned downtime refers to downtime that occurs unexpectedly because of an unforeseen shutdown or equipment...