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Glossary

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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

An asset registry is a comprehensive record of all physical assets within your ...

31 Oct 2024

A parts inventory refers to the comprehensive catalog of all components, tools, and spare ...

30 Oct 2024

Introduction The world of manufacturing is rapidly evolving, with Additive Manufacturing ...

29 Oct 2024

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25 Oct 2024

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23 Oct 2024

As with much of the production of many products, Additive Manufacturing (AM) is being ...

22 Oct 2024

Additive manufacturing (AM) or 3D printing is having a huge impact on manufacturing ...

16 Oct 2024

As a manufacturing manager, you’ve likely heard the term Additive Manufacturing (AM) and ...

15 Oct 2024

In today's fast-paced business environment, businesses find it more challenging to gain a ...

14 Oct 2024

Definition and Brief History Additive Manufacturing (AM), commonly referred to as 3D ...

27 Sep 2024