Total Maintenance Cost shows how much you're spending on maintenance overall. By using this data, you can reduce costs, improve preventive maintenance strategies, and prevent downtime.
Cost Center
Total Cost as % of RAV: This metric calculates the ratio of the total cost of work orders on an asset to its purchase price, expressed as a percentage. The formula is: (Cost of Work Orders ÷ Purchase Price) × 100. The industry standard target for this metric is 3%.
Total Maintenance Cost: This represents the total amount spent on maintaining the selected assets, tracked through work orders.
Total Purchase Price: This is the total purchase value of all selected assets.
Downtime and Costs
Total Downtime (hrs): The total number of downtime hours recorded for the asset within the specified date range.
Total Maintenance Cost: The total costs recorded for work orders assigned to the asset during the specified date range.
Downtime and Cost Trends
Total Downtime (hrs): Total downtime hours recorded to all assets across several months
Total Maintenance Cost: total costs recorded to all work orders across several months to showcase any trends
