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Glossary

Get Your Maintenance Management Terminology Down!

Return on Investment (ROI)

Return on Investment (ROI) is a measure of the profitability of an investment, calculated by dividing the net gain from the investment by the cost of the investment. It is used to evaluate the efficiency of an investment and compare the performance of different investments. ROI is expressed as a percentage and is calculated by subtracting the cost of the investment from the total return, then dividing the result by the cost of the investment. It is a key metric used in maintenance operations and management to assess the effectiveness of investments in maintenance activities, such as preventive maintenance, repairs, and replacements.

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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

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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