If someone asked you about your commercial maintenance plan, what would you say? Do you have an adequate one? Is it working? How are you tracking it? What’s your ROI each year?

ROI Statistics Supporting the Acquisition of a Maintenance Management System

If someone asked you about your commercial maintenance plan, what would you say? Do you have an adequate one? Is it working? How are you tracking it? What’s your ROI each year?

These are questions faced by various companies with and without maintenance plans, so here are the top 10 ROI statistics to give you an insight into how they can help your business save on costs such as training, documentation, and energy, among others.

How Much Do You Want to Protect Your Business?

Proper infrastructure is related to the initial plans to maintain it. The 80/20 rule is a great reference: 80 percent of your maintenance activities should be proactive, while 20 percent should address unplanned maintenance tasks.

If a company constantly waits for items to run out, the outcome will be spending more money to fix the problem rather than maintaining it. This is the curse of “why fix something if it’s not broken?” People often think about the initial cost instead of the long-term benefits of using a CMMS.

For example, if a staff member does not regularly check for corrosion on a unit using a CMMS, there’s a good chance the unit will break down unexpectedly, and the repair cost will be higher than if there were an adequate maintenance plan in place.

10 Maintenance ROI Statistics

Maintenance encompasses various business assets including: training, documentation, and utilities. Here are the top 10 ROI statistics for maintenance:

1. Preventive Maintenance: A company can save between 12% and 18% by using preventive maintenance instead of reactive maintenance.
2. Energy Consumption: Facilities implementing proper maintenance will use between 15% and 20% less energy.
3. Preventive Maintenance Savings: Every dollar spent on preventive maintenance saves five dollars in other expenses.
4. Energy Costs: Start-up can save a typical 100,000 square foot hotel 10% to 15% on energy costs, or approximately $20,000 per year.
5. Energy Consumption in Buildings: Buildings in the U.S. account for 39% of U.S. energy consumption, and commercial buildings represent 46.3% of the total.
6. Information Retrieval: 80% of employees waste an average of 30 minutes per day retrieving information.
7. Information Reading vs. Searching: Professionals spend between 5% and 15% reading information but up to 50% searching for it.
8. Training Costs: The average cost per trainee is $1,202.
9. Document Search Time: The average time to search for a document is 18 minutes.
10. Customer Impact: A negative review on Yelp can cost you 30 customers.

Turning ROI Statistics into Reality

Even in a small business, there can be many paper documents, assets, etc., that need to be tracked, which takes a lot of time. Relying solely on a paper-based system is impractical in today’s world, especially when software makes it easier. The idea is to work harder and smarter. Work harder on a maintenance plan and smarter by delegating tasks. Maintenance and inspection are critical parts of a company’s success.

The solution lies in implementing a CMMS that preserves assets, keeps things running optimally, and helps ensure assets have the maximum lifespan. This system will also help manage anticipated failures, allowing your staff to budget and plan while saving time and money in the short and long term.