Facility Technology Simplifying Facilities...
Define Depreciation In the most efficient way possible, a corporation needs to subtract costs against sales. But being efficient doesn’t mean that you always instantly subtract a cost. Depreciation allocates the expense and cost of tangible and real assets over the useful life of the assets. A company could depreciate an asset over a period
Maintenance Bill Online Are you still paying extra for every ONLINE PAYMENT? Do you need to wait for 24 – 48 hours before the Payment gets credited to your Account? How easy is it to pay your condominium bills? Different digital payment options have made the life of payers very easy. There are many options
What is Prescriptive Maintenance? Predictive maintenance is a method that uses software and methods for data analysis to locate irregularities in the system and potential device and process faults so that you can repair them before they fail. Ideally, predictive maintenance allows the maintenance frequency to be as low as possible to prevent unplanned reactive
Predictive and Condition-based Maintenance Predictive and condition-based maintenance are all forms of maintenance that occur before breakdowns occur. As such, these are ways of preventive maintenance which are meant to enhance reliability and minimize downtime. The key distinction between them is the manner in which maintenance is assessed. In addition to sensor measures (temperature, vibration,
What is KPI – Key Performance Indicator? A select number of key measures that enable performance to be monitored against targets. Purpose of KPIs The KPI will indicate how well the facility or an asset is doing at attaining its goals, design intent or standards. KPIs help establish quality standards by reporting on variances. Why are KPIs Important? There are many reasons, of