Determine the "Cost to Own" an Equipment Item.

MaintSmart consolidates all costs associated with your equipment with one mouse-click. These costs include PM labor, work order labor, equipment failure repair labor, lost time (labor; grid heading: Impact to Schedule) due to stoppage, if any and actual cost of spare parts used. MaintSmart does not require you to use all of it's major parts (PM, work orders, down time, inventory) and works fine if you choose to use one or some of these major parts. In this example the average incremental cost associated with maintenance to own this equipment item is $0.1399/hour or approximately 14 cents per hour.

You may display these costs as a "per unit" cost you may even define the units you want to display the cost (incremental cost). For example the drop-down pictured above could provide for displaying these equipment costs as cost/hour, cost/Bag, cost/Loaf, etc.

 Here are some reasons why you may need this feature:.

• Make decisions when purchasing similar equipment.
• When is it cost effective to retire an equipment item?
• Aid in determining proper pricing for products.
• Justify maintenance resources.
• Focus attention where it's needed to improve profits or reduce expenses.
• Determine how the bottom line is actually affected by an equipment item.

One more incredibly useful feature that only MaintSmart provides! 

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