Let’s say you manage a portfolio of hotels under the Dreamy Stay Hotels banner. One morning, you learn that a property’s $40,000 fire pump failed – a crucial component for providing 24-hour fire...
Transcendent Beat
Smart CAPEX Strategies for Your Hotel
It’s Monday morning and your hotel’s general manager requests a list of assets to include in next year’s capital expenditures (CAPEX) budget by the end of the month. As the director of engineering,...
The Importance of Managing the Entire Lifecycle of Your Assets
We all know that a key purpose of an enterprise asset management system is to extend the lives of your assets through proper maintenance, but how does your EAM/CMMS system help when your assets are...
Key Steps for a Hotel Rebound
According to a recent article published by Lodging Magazine, “over two-thirds of U.S. travelers (67%) are planning to travel this summer (June 1 through August 31), which is a 17% increase from...
Choosing the Right Operations CMMS | 5 Key Criteria
The Right Facility Operations Management System will Improve Director Level Visibility and Improve a Technicians Work Order Accuracy. Implementing the right asset and maintenance management system...
4 Tax Incentives for Facility Managers and Owners
This past week, the NFMT Orlando showcased facility owners and managers that were looking to implement new technologies and software into their businesses. The conference also focused on cost...
Hotel Energy Cash Drains
Much has been written (especially by me) about controlling hotel energy costs. However, sometimes we just need a little more visualization. So behold my free form drawing of a hotel with the major...
Is Waiting Until Equipment Breaks Good Asset Management
When we elect local government officials, we hope that they will make good long term decisions for the cities and towns that we live in. In an era of continual budget crises, this hope means that...
How HOAs and Property Owners Can Use Their Reserve Study To Save Money
Currently mandated in approximately 20 States, Reserve Studies are performed to ensure that Property Managers, Homeowner Associations or other vested parties have the financial resources available...
Knock Your Capital Budget Out of the Park With an EAM
Almost every facility, building, property, plant, or utility manager submits a capital budget as part of the budgeting process. A capital budget differs from the operational budget because it is a...
Capital Budget Planning With an EAM
One of the biggest benefits of using an Enterprise Asset Management (EAM) system is the ability to review historical work order data as well as other recorded asset information to more accurately...
Predictive versus Preventive Maintenance in a Declining Economy
Swings in the economy have always played a part in the adjustment of operational planning. Traditionally the forecast of lower sales translates into finding ways to cut expenses and keep earnings...
Spend on Churn or on New Sales?
In today’s economy is money better-spent marketing to potential new customers or addressing Churn? The cable industry spent hundreds of millions of dollars in the last few years in search of new...