Many people have the common misconception that enterprise asset management is strictly for the manufacturing industry. This is because they have oversimplified the definition of an asset to pieces of equipment. However, an asset is really anything that you want to track costs or activities for. Assets can be trucks, vehicles, buildings, utility bills, airport runways, light bulbs, hospital beds, contracts, leases, HVAC’s, etc. They apply to every industry and include anything we expend time or energy on. Just because you do not think of your “things” as assets does not mean you do not need an enterprise asset management system or that you could not benefit from one. Take a look at how Champion Technologies saved money with computerized maintenance management software.
Champion Technologies used asset management software to lower their costs on maintenance and repair of their fleet of trucks. Prior to opening their transportation center in Odessa, Champion Technologies outsourced fleet maintenance to a third party. Joe Delaney, the Longhaul Transportation Supervisor, realized they could reduce maintenance costs by tracking and performing maintenance in-house. Champion also wanted to increase availability of their trucks and reduce the turnaround time associated with third party maintenance. They used enterprise asset management to track the labor of in-house technicians and the subcontracted labor services.
Champion had great results. They realized an 18 month payback on their investment in the Logistic Transportation Center. The automated weekly cost reports indicated that Champion saved an average of 50% on labor performed in-house and 30% on parts purchased directly from suppliers. Additionally, after using asset management software to schedule project managers, Champion has reduced the amount of corrective maintenance performed by 30%. Champion Technologies has also seen a dramatic increase in the in-service time of their fleet. Turnaround time for servicing vehicles has been reduced from two weeks to one or two days. These savings helped Champion Technologies achieve a payback on their initial investment in the computerized maintenance management software in a mere 18 months. They continue to improve the overall profitability of the division.