Best Practices to Turn Asset Management Into a Profit-Center by Infor

"In an effort to view maintenance as a positive activity, it is important to see it as a profit center instead of a cost center. A cost-center approach is strictly concerned with adhering to the budget and decreasing expenses as much as possible. In contrast, the profit-center model realizes that investment and operating costs can be allocated to improve efficiency. This increased efficiency naturally results in higher profits."

This paper provides concrete suggestions and identifies specific areas within the maintenance process where companies and enterprises can reduce waste, increase reliability, and view the maintenance effort as an integral part of a lean business posture.