Tracking Maintenance Costs is Key for Smart Business Decisions
Keeping track of maintenance expenses and usage metrics for machines, equipment, buildings, or other assets helps small and medium-sized businesses manage upkeep, monitor progress, control budgets, and make better choices about investments and repairs. Understanding maintenance costs makes it easier to decide whether to fix or replace equipment.
What is tracked during maintenance?
- Repair costs - Time, materials, and spare parts used for repairing a specific machine
- Preventive maintenance costs, such as inspections, adjustments, updates, cleaning, and similar tasks
- Costs for calibrations, inspections, or audits
- Energy consumption, electricity, fuel, or consumables
- Number of operating hours or number of performed operations
How to Track Maintenance Costs?
- Open the Organizer with assets, on which you want to track maintenance costs.
- Select the asset or item for which you want to enter consumption values or costs.
- Select the "Costs & Usage" tab.
- Enter the required value into the cost table.