{"id":21743,"date":"2024-09-20T09:16:40","date_gmt":"2024-09-20T15:16:40","guid":{"rendered":"https:\/\/limblecmms.com\/?p=21743"},"modified":"2025-05-30T13:00:45","modified_gmt":"2025-05-30T19:00:45","slug":"recession-proofing","status":"publish","type":"post","link":"https:\/\/limblecmms.com\/blog\/recession-proofing\/","title":{"rendered":"CMMS: the key to recession-proofing maintenance"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Every year, businesses lose an absolute fortune due to <\/span><a href=\"https:\/\/limblecmms.com\/maintenance-definitions\/unplanned-downtime\/\"><span style=\"font-weight: 400;\">unplanned downtime<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">How much? According to <\/span><a href=\"https:\/\/www.forbes.com\/councils\/forbestechcouncil\/2022\/02\/22\/unplanned-downtime-costs-more-than-you-think\/\"><span style=\"font-weight: 400;\">a recent article<\/span><\/a><span style=\"font-weight: 400;\"> from Forbes, an auto manufacturer will squander roughly <\/span><b><i>$22,000 for every minute<\/i><\/b><span style=\"font-weight: 400;\"> that a production line is down! That\u2019s more than 365 dollars per second! With the average <\/span><span style=\"font-weight: 400;\">manufacturer<\/span><span style=\"font-weight: 400;\"> facing around 800 hours of equipment downtime each year, the industry is bleeding more than $50 billion dollars annually.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In an era of economic anxiety, these numbers look especially frightening. Amid concerns over <\/span><a href=\"https:\/\/limblecmms.com\/blog\/maintenance-cost-explained\/\"><span style=\"font-weight: 400;\">rising costs<\/span><\/a><span style=\"font-weight: 400;\">, high interest rates, and a potential recession, businesses cannot afford to leave unnecessary expenses like these unaddressed.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Though cutting costs at all costs may look like the quickest way to get out of the red, forward-looking organizations can realize long-term savings by making strategic investments to enhance their maintenance programs. While it will mean paying a fee to a provider, introducing more sophisticated tools for data-driven maintenance can make the department a value driver and an indispensable asset during periods of uncertainty.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Reducing long-term maintenance costs with a CMMS<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Today\u2019s <\/span><a href=\"https:\/\/limblecmms.com\/blog\/how-to-organize-a-maintenance-department\/\"><span style=\"font-weight: 400;\">maintenance teams<\/span><\/a><span style=\"font-weight: 400;\"> face a range of challenges and economic downturns certainly don\u2019t help. Workforce shortages, supply chain disruptions, and aging equipment can go from small issues to huge problems when money is tight and organizations are loath to spend on <\/span><a href=\"https:\/\/limblecmms.com\/resources\/getting-the-green-light-maintenance\/\"><span style=\"font-weight: 400;\">replacing assets or bringing new talent on board<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thankfully, <\/span><a href=\"https:\/\/limblecmms.com\/cmms\/\"><span style=\"font-weight: 400;\">leading-edge Computerized Maintenance Management Systems (CMMS)<\/span><\/a><span style=\"font-weight: 400;\"> are making it possible for maintenance teams to work more efficiently. Enabled with the right technology, the department is not merely capable of eliminating short-term expenses but can also safeguard businesses against economic calamity.<\/span><\/p>\n<h4><b>Fast facts on CMMS-powered savings\u00a0<\/b><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Businesses <\/span><a href=\"https:\/\/limblecmms.com\/blog\/2023-customer-achievements\/\"><span style=\"font-weight: 400;\">saved more than $350 million<\/span><\/a><span style=\"font-weight: 400;\"> by minimizing unplanned downtime with Limble in 2023. On average, users see a 30% downtime reduction.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">In 2023, improved resource allocation and automated inventory management strategies helped Limble\u2019s clients save over $50 million on their parts spend.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Improved scheduling and time management cut down on unexpected overtime and helped Limble customers eliminate almost $800 in excess labor spend.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">So how exactly can the right <\/span><a href=\"https:\/\/limblecmms.com\/cmms\/cmms-software\/\"><span style=\"font-weight: 400;\">CMMS software<\/span><\/a><span style=\"font-weight: 400;\"> deliver these invaluable savings for your business? We\u2019ll explore this question in greater detail below. But first, it\u2019s important to understand just exactly how economic uncertainty can impact your maintenance program.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Economic uncertainty and your maintenance program<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The economic landscape is subject to sudden and sometimes unpredictable change. Recent years have seen a global pandemic, supply chain disruptions, and geopolitical tensions all put strain on the business world. Leaders have had to think fast, innovate, and expand their capabilities to manage even their typical workloads.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When businesses hit tough times and try to cut costs, their maintenance teams can face consequences and risks.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Reduced <\/b><a href=\"https:\/\/limblecmms.com\/blog\/how-to-prepare-maintenance-budget\/\"><b>maintenance budgets<\/b><\/a><span style=\"font-weight: 400;\"> as companies spend less on spare parts, tools, and raw materials<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Deferment of capital projects<\/b><span style=\"font-weight: 400;\"> as companies delay equipment upgrades or replacements and keep aging equipment in operation longer<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Workforce reductions<\/b><span style=\"font-weight: 400;\"> through layoffs or hiring freezes, which can leave maintenance teams understaffed and overburdened<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Greater maintenance demands<\/b><span style=\"font-weight: 400;\"> as aging equipment requires more frequent and intensive service to stay in action\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Prioritization of<\/b> <a href=\"https:\/\/limblecmms.com\/strategies\/reactive-maintenance\/\"><b>reactive maintenance<\/b><\/a><span style=\"font-weight: 400;\"> over preventive strategies, potentially leading to higher long-term costs<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Your maintenance team can and should serve as a bulwark against economic uncertainty. In order to fill this role, however, the department needs buy-in from management and the right organizational mindset to secure necessary resources.\u00a0<\/span><\/p>\n<h3><b>The role of maintenance in protecting your business<\/b><\/h3>\n<h4><span style=\"font-weight: 400;\">What\u2019s the key takeaway here? Do not retreat from a strong maintenance program in times of economic uncertainty. Double down on your investment by giving your maintenance team the power to succeed.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Organizations invest millions or more in physical assets like manufacturing equipment, operational facilities, and fleets of vehicles. <\/span><a href=\"https:\/\/limblecmms.com\/blog\/facilities-manager-roles-and-responsibilities\/\"><span style=\"font-weight: 400;\">Facilities managers<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/limblecmms.com\/blog\/reliability-engineer\/\"><span style=\"font-weight: 400;\">reliability engineers<\/span><\/a><span style=\"font-weight: 400;\">, and <\/span><a href=\"https:\/\/limblecmms.com\/blog\/maintenance-technician\/\"><span style=\"font-weight: 400;\">maintenance technicians<\/span><\/a><span style=\"font-weight: 400;\"> work together to keep these assets functioning at peak efficiency, reduce the likelihood of failure, and <\/span><a href=\"https:\/\/limblecmms.com\/blog\/useful-life-of-asset\/\"><span style=\"font-weight: 400;\">extend their useful life<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">An <\/span><a href=\"https:\/\/limblecmms.com\/blog\/preventive-maintenance-program\/\"><span style=\"font-weight: 400;\">effective maintenance program<\/span><\/a><span style=\"font-weight: 400;\"> should:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Ensure operational continuity<\/b><span style=\"font-weight: 400;\"> by keeping equipment and facilities in prime working condition\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Optimize asset utilization<\/b><span style=\"font-weight: 400;\"> by reducing the frequency and severity of equipment malfunction or breakdown<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Minimize equipment failures<\/b><span style=\"font-weight: 400;\">, prevent unplanned downtime, and avoid production failures\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Maximize the productive output of your assets<\/b><span style=\"font-weight: 400;\"> by delaying the need for costly replacements<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Deploy <\/b><b>proactive <\/b><a href=\"https:\/\/limblecmms.com\/blog\/maintenance-strategy\/\"><b>maintenance<\/b><b> strategies<\/b><\/a><span style=\"font-weight: 400;\"> including regular testing and routine upkeep to offset the need for <\/span><a href=\"https:\/\/limblecmms.com\/strategies\/reactive-maintenance\/\"><span style=\"font-weight: 400;\">costly reactive repairs<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Lower utility and fuel costs<\/b><span style=\"font-weight: 400;\"> by ensuring equipment operates more efficiently and consumes less energy<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/limblecmms.com\/blog\/common-safety-procedures\/\"><b>Reduce risks<\/b><span style=\"font-weight: 400;\"> of accident<\/span><\/a><span style=\"font-weight: 400;\">, injury, regulatory non-compliance, and any associated legal liabilities or financial penalties<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">The importance of preventive maintenance in uncertain times<\/span><\/h3>\n<p><a href=\"https:\/\/limblecmms.com\/strategies\/preventive-maintenance\/\"><span style=\"font-weight: 400;\">Preventive maintenance<\/span><\/a><span style=\"font-weight: 400;\"> is a key to achieving cost-efficiency, stability, and resilience\u2013all qualities that can help secure your business against the next economic downturn. But what exactly does preventive maintenance entail?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Preventive maintenance is a proactive <\/span><span style=\"font-weight: 400;\">asset management<\/span><span style=\"font-weight: 400;\"> strategy that depends on <\/span><span style=\"font-weight: 400;\">pre-scheduled maintenance activities<\/span><span style=\"font-weight: 400;\">, routine upkeep, and regular performance monitoring to keep equipment and facilities in optimal working condition.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Preventive maintenance activities will typically include:\u00a0\u00a0<\/span><\/p>\n<ul>\n<li><a href=\"https:\/\/limblecmms.com\/maintenance-definitions\/routine-maintenance\/\"><b>Routine maintenance<\/b><\/a><b>\u00a0<\/b><span style=\"font-weight: 400;\">such as cleaning, calibration, and lubrication<\/span><\/li>\n<li aria-level=\"1\"><a href=\"https:\/\/limblecmms.com\/maintenance-definitions\/scheduled-maintenance\/\"><b>Scheduled repairs<\/b><\/a> <span style=\"font-weight: 400;\">and replacement of aging parts<\/span><\/li>\n<li aria-level=\"1\"><a href=\"https:\/\/limblecmms.com\/blog\/guide-to-maintenance-inspections\/\"><b>Regular maintenance inspections<\/b><\/a><span style=\"font-weight: 400;\"> to ensure that equipment is operating safely and in <\/span><a href=\"https:\/\/limblecmms.com\/blog\/how-a-cmms-simplifies-regulatory-audits\/\"><span style=\"font-weight: 400;\">compliance with regulatory requirements<\/span><\/a><\/li>\n<li aria-level=\"1\"><a href=\"https:\/\/limblecmms.com\/metrics\/overall-equipment-effectiveness\/\"><b>Performance monitoring and testing<\/b><\/a><span style=\"font-weight: 400;\"> to ensure equipment is operating at maximum efficiency<\/span><\/li>\n<li aria-level=\"1\"><a href=\"https:\/\/limblecmms.com\/integrations\/\"><b>Integration<\/b><\/a><b> with inventory management<\/b><span style=\"font-weight: 400;\"> to reduce disruption due to stockouts or stock level discrepancies\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Ultimately, these activities are geared toward improving equipment functionality, reducing unplanned downtime, and extending the life of your equipment. Implemented correctly, these activities can result in enormous operational savings for your business.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">How can a CMMS make a company more resilient during a recession?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Implementing a <\/span><a href=\"https:\/\/limblecmms.com\/blog\/preventive-maintenance-program\/\"><span style=\"font-weight: 400;\">preventive maintenance program<\/span><\/a><span style=\"font-weight: 400;\">\u00a0can be challenging, especially for businesses with a long track record of making repairs on the fly. Organizations <\/span><a href=\"https:\/\/limblecmms.com\/resources\/reactive-preventive-maintenance-guide\/\"><span style=\"font-weight: 400;\">making this transition<\/span><\/a><span style=\"font-weight: 400;\"> may face internal resistance, cumbersome data migration, and an uphill learning curve.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Fortunately, <\/span><a href=\"https:\/\/limblecmms.com\/blog\/limble-g2s-highest-satisfaction-products-2024\/\"><span style=\"font-weight: 400;\">the right CMMS<\/span><\/a><span style=\"font-weight: 400;\"> can dramatically simplify the process.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By digitizing maintenance operations, improving data accessibility, and automating key processes, a CMMS like Limble can help maintenance teams work more proactively, make data-driven decisions, optimize resource allocation, and more. These process improvements can lead to dramatic cost reduction.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Automated preventive maintenance scheduling<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">A leading-edge CMMS makes it possible to implement a <\/span><a href=\"https:\/\/limblecmms.com\/blog\/the-ridiculously-simple-preventive-maintenance-plan\/\"><span style=\"font-weight: 400;\">preventive maintenance plan<\/span><\/a><span style=\"font-weight: 400;\"> with relative ease. Once implemented, your maintenance management platform can streamline scheduling of regular maintenance tasks based on time, usage metrics, or <\/span><a href=\"https:\/\/limblecmms.com\/strategies\/condition-based-maintenance\/\"><span style=\"font-weight: 400;\">condition<\/span><\/a><span style=\"font-weight: 400;\"> in order to prevent equipment failures and reduce downtime.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The result is a dramatically reduced burden on your maintenance team and less time lost to repairs and downtime. For instance, when <\/span><a href=\"https:\/\/limblecmms.com\/case-study\/allagash-brewing\/\"><span style=\"font-weight: 400;\">Allagash<\/span><\/a><span style=\"font-weight: 400;\"> implemented Limble\u2019s platform, the award-winning brewer quickly saw a 40% reduction in unplanned work.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By enabling a shift from reactive to proactive maintenance strategies, Limble\u2019s CMMS helped secure the client\u2019s bottom line against excessive and unexpected maintenance costs.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Integrated predictive maintenance strategies<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The newest generation of CMMS solutions is designed to arm your maintenance team with <\/span><a href=\"https:\/\/limblecmms.com\/cmms\/reports-dashboards\/\"><span style=\"font-weight: 400;\">real-time data<\/span><\/a><span style=\"font-weight: 400;\"> on the operational condition of your physical assets. Integrate your CMMS with predictive maintenance technology including condition monitoring sensors and IoT (Internet of Things) tools in order to identify discrepancies in the functionality of your equipment and intervene with targeted maintenance before failures can occur.<\/span><\/p>\n<p><a href=\"https:\/\/limblecmms.com\/case-study\/midwest-materials\/\"><span style=\"font-weight: 400;\">Midwest Materials<\/span><\/a><span style=\"font-weight: 400;\">\u2013an Ohio-based steel company\u2013reported that before implementing Limble CMMS, they were losing more than $1 million a year in revenue due to unrestrained repairs and equipment downtime. Limble CMMS helped Midwest stop the bleeding by giving the client a closer look at the real-time performance of their equipment to identify opportunities for improvement. The results have included a 78% reduction in purchase order processing time.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Improved resource management<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">A CMMS helps maintenance teams manage resources more effectively, especially at a time when budgets are tight. Key CMMS features include optimized inventory management with real-time stock level monitoring, location tracking, and automated reorder points.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The result is a streamlined inventory strategy that prevents downtime due to stockouts, counteracts the type of overstocking that can tie up precious capital, and offsets the costs associated with inventory failures.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For instance, <\/span><a href=\"https:\/\/limblecmms.com\/case-study\/liberty-safe\/\"><span style=\"font-weight: 400;\">Liberty Safe<\/span><\/a><span style=\"font-weight: 400;\">\u2013a top manufacturer of home and gun safes\u2013saw a 75% reduction in the cost of shipping by improving its inventory management.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Enhanced communication and collaboration<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">A CMMS enhances communication and collaboration among maintenance teams, even in decentralized or remote environments. The ideal CMMS will provide a platform for storing and accessing data on maintenance history, <\/span><a href=\"https:\/\/limblecmms.com\/blog\/how-to-perform-criticality-analysis\/\"><span style=\"font-weight: 400;\">criticality assessments<\/span><\/a><span style=\"font-weight: 400;\">, preventive maintenance schedules, assigned technicians, and much more.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For many businesses, miscommunication and poor access control can create costly inefficiencies. For instance, community health center <\/span><a href=\"https:\/\/limblecmms.com\/case-study\/family-health-la-clinica\/\"><span style=\"font-weight: 400;\">Family Health La Clinica<\/span><\/a><span style=\"font-weight: 400;\"> struggled with internal communication, collaboration, and organization.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To address the problem, the healthcare group implemented Limble and took advantage of features like built-in messaging and notifications. These made it possible to communicate about maintenance tasks, updates, and issues in real time while also enabling employees to share maintenance records, notes, and documents across teams and departments.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The client experienced a 50-60% improvement in time and budget management in just the first 30 days following implementation.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Data-driven decision making<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">A CMMS provides real-time access to a wealth of important data, enabling more informed decision-making. Limble users can view historical maintenance data, real-time performance data, and predictive data in order to plan maintenance tasks with greater precision and efficiency.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For instance, manufacturer <\/span><a href=\"https:\/\/limblecmms.com\/case-study\/polyexcel\/\"><span style=\"font-weight: 400;\">PolyExcel<\/span><\/a><span style=\"font-weight: 400;\"> leveraged Limble\u2019s CMMS to get a better handle on its own data and, as a direct result, saw <\/span><span style=\"font-weight: 400;\">90% Improvement in Parts Inventory Accuracy as well as a 30% Decrease in <\/span><a href=\"https:\/\/limblecmms.com\/metrics\/mean-time-to-repair\/\"><span style=\"font-weight: 400;\">Mean Time to Recovery.<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By enabling the team to track and report on a variety of <\/span><a href=\"https:\/\/limblecmms.com\/blog\/maintenance-kpi\/\"><span style=\"font-weight: 400;\">important metrics and Key Performance Indicators (KPIs)<\/span><\/a><span style=\"font-weight: 400;\">, Limble provided PolyExcel with the utility to monitor and react to performance issues in real time.\u00a0<\/span><\/p>\n<p><b>Using a CMMS to prepare your maintenance team for any possibility<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The reality is that there is little we can do to predict a recession and even less we can do to prevent it. But we can prepare for it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And this is why a strong preventive maintenance program is so vital. It\u2019s impossible to overstate the value of a reliable and proactive maintenance team in times of economic uncertainty.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Building a relationship with a CMMS provider today could make the difference in ensuring you outlast competitors, not just surviving but thriving through whatever the future holds.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ready to talk about how a CMMS can help you stay recession-ready? <\/span><a href=\"https:\/\/limblecmms.com\/demo-request\/\"><span style=\"font-weight: 400;\">Schedule a demo<\/span><\/a><span style=\"font-weight: 400;\"> to see Limble in action today.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Every year, businesses lose an absolute fortune due to unplanned 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