Efficient Asset Management: A Practical Guide T... Page

Spreadsheets are where efficiency goes to die. If your maintenance team uses one log, accounting uses another, and operations uses a third, you’ll suffer from "ghost assets" (items you pay insurance on but don’t own) and "zombie assets" (items that are broken but still on the books).

Implement Predictive Maintenance (PdM) . By using IoT sensors and data analytics, you can identify "leading indicators" of failure—like vibration or heat—allowing you to intervene only when necessary, rather than on a rigid, arbitrary schedule. 2. The Power of Lifecycle Costing (LCC) Efficient Asset Management: A Practical Guide t...

Efficient Asset Management: A Practical Guide to Maximizing Value Spreadsheets are where efficiency goes to die