What Portion of Product Cost Is Attributed to Equipment Maintenance?
MaintSmart considers all costs associated with owning and maintaining an equipment item. Notice the grid column headings above. Time To Repair expense is the total cost of maintenance labor attributed to an equipment breakdown. Impact to Schedule is a cost associated with an equipment break down where other scheduled personnel may be idled and the manufacturing schedule lengthens because of an equipment failure. PM labor, work order labor, and spare parts inventory used are other costs associated with equipment maintenance. All of these expenses are allocated to a unique equipment item at the time they are incurred. These expenses may be analyzed and reported on at any time with almost no effort. MaintSmart does all the dirty work behind the scenes for you!
Notice the Conversion Factors box near the bottom of the screen. Perhaps your company produces fasteners and you'd like to know how much of the cost of each box of fasteners is attributed to maintenance related expenses.No problem. MaintSmart lets you the user create your own conversion factors for this very purpose.
MaintSmart provides the cost to own any equipment item.