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Glossary

Get Your Maintenance Management Terminology Down!

Equipment Management

Equipment Management is the process of managing the acquisition, maintenance, and disposal of equipment used in a business or organization. It involves tracking the condition of the equipment, scheduling maintenance and repairs, and ensuring that the equipment is in compliance with safety regulations. Equipment Management also includes the monitoring of inventory levels, ordering new equipment, and disposing of old or obsolete equipment. It is an important part of Maintenance Operations and Management, as it helps ensure that the equipment is in good working order and is available when needed. Equipment Management is also referred to as Asset Management or Fixed Asset Management.

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Our Blogs

With a quick Google search for “preventive maintenance software,” you’ll quickly find ...

23 Nov 2023

US manufacturing is making a coming back. McKinsey's research reported that, by ...

16 Nov 2023

Traditionally, maintenance tasks were often managed using paper-and-pen, relying on ...

15 Nov 2023

Maintenance, Repair, and Overhaul (MRO) ensures the optimal functioning and longevity of ...

10 Nov 2023

From manufacturing plants and healthcare facilities to transportation services, equipment ...

9 Nov 2023

As a maintenance professional, I've witnessed the incredible transformation our industry ...

6 Nov 2023

Maintenance and facility management functions are not just about preserving assets and ...

3 Nov 2023

There is much to consider when purchasing a Computerized Maintenance Management System ...

1 Nov 2023

Introduction Despite the growth in the Computerized Maintenance Management Software ...

26 Oct 2023

Facility management plays an important role in ensuring that organizations' ...

25 Oct 2023