Benchmarking for Better Practices
20-25% of an organization’s budget goes to finding and fixing issues. Learn how Hippo CMMS can help…
An efficient Inventory management process involves having one single network for tracking parts, supplies, and other consumables in real-time with unmatched accuracy, detail , and traceability. Today’s CMMS include inventory management software features and functionality to streamline this process with better quantity tracking, loss reduction, shorter order times with suppliers, reduced costs, and overall optimization of facilities management performance.
Inventory is one of the most important assets of any business because it represents an investment that is tied up until it’s used in production and then sold.
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Inventory management software tracks data over time which can be put to use in a variety of ways, making the facility and maintenance operation more efficient.
nventory managers can refer to CMMS data to ensure inventory levels are where they need to be and materials are always readily available.
CMMS systems use real-time inventory tracking to record all inventory items, empowering users to always know where items are and where they should be.
CMMS provides low-inventory alerts, ensuring that critical parts and materials are always available and businesses have fewer costly interruptions.
CMMS systems track the spare parts and materials critical to maintain and repair equipment, and alerts maintenance managers when stock levels are low.
Inventory managers can use inventory management software to reduce and even eliminatexpensive rush orders.
Hippo’s inventory management software allows maintenance managers and technicians to easily manage their inventory and supplies. It provides real-time information on inventory levels, alerts when parts are low, and order details with suppliers and costs.
When you’re tracking inventory, you get all the parts information in one easy-to-access locationwith a better purchasing plan and visibility on what has been ordered. With better control of inventory costs you experience less downtime caused by lack of parts and zero confusion on whether you have a part that you need or not.
Good inventory management means never having to rush deliver parts. Once you hit your minimum levels, lead times are short enough to get new inventory in before it’s needed. You never hit zero on any part. You’re never out of stock. For the last KPI, you want parts to be in stock but not for a long time. It costs money to carry stock, and if you’re timing your orders correctly, parts arrive just a bit of time before you need to use them. You’re pushing the carrying costs back onto suppliers.
Implementing a new system can be daunting, because it’s often hard to know even where to start. But when a maintenance department wants to take control of its inventory, the first steps are clear. To be successful at inventory management, you must maintain up-to-date records of the parts that the maintenance department has in inventory and then make those records accessible to managers and technicians in real-time and from anywhere. A CMMS gives you these capabilities, and over time, all the benefits that can be leveraged from them.
20-25% of an organization’s budget goes to finding and fixing issues. Learn how Hippo CMMS can help…
A EAM or CMMS is ideal for virtually any facility – large or small. From manufacturing plants, hospitals, resorts, stadiums to municipal facilities, Hippo CMMS is revolutionizing how facilities and assets are managed.
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Our maintenance management software is ideal for virtually any facility – large or small – from hospitals and resorts to malls and municipal facilities, CMMS is revolutionizing how organizations are managed.
A EAM or CMMS is ideal for virtually any facility – large or small. From manufacturing plants, hospitals, resorts, stadiums to municipal facilities, Hippo CMMS is revolutionizing how facilities and assets are managed.
A quick recovery starts long before disaster strikes. CMMS software helps hotels and resorts come back strong from earthquakes, fires, floods, and storms.
Having a PM program in place is a great first step. Next, you need the right implementation strategy to make your PM program a success..
See how simple maintenance can be as we walk you through the user-friendly features of Hippo CMMS, step by step.