De-risking Life and Annuity Policy Admin System Conversions
CMMS
1. CMMS (Computerized Maintenance Management Systems)
Communication is one of the most important aspects of life. When it comes to various
functions in any organization, it is all the more important. There is enormous flow of
information and data on day to day basis. Most of the technical, commercial and financial data
related to day to day activities must be captured in the form of history with respect to time,
money and efforts spent on these activities. It is a must for any progressive organization.
CMMS (Computerized Maintenance Management Systems like SAP PM, ORACLE EAM &
MAXIMO) offers the standardized computerized solution. It offers seamless integration among
various inter related departments.
The basic concept it works on is organizing the available master data in a structured and
standardized format, mapping the maintenance business process in a standard work flow
process and capturing the desired transactional data by entering the history of failures, costs
and other related information from time to time & data analysis for continuous improvement.
CMMS offers enormous benefits and a lot depends of the implementation team’s capability to
capture all these to the fullest extent.
To list a few,
• Fast and accurate communication in electronic format.
• Capturing of important data with date and time.
• Accurate inventory management methodology.
• Seamless integration and transparency among all related functions.
• Automatic generation of preventive maintenance schedules.
• Centralized data base management.
• Availability of various cost reports.
• History of man-hours for a particular job/month etc.
• Reports related to HR, MM, FM, PS and other modules of ERP.
• It eliminates loop holes in the existing system.
• It gives opportunity to analyze the past in the present for the better future.
The success of the implementation depends on the understanding of the concept to the core by
team members. Products like SAP PM, Oracle EAM enter the market only when these are
thoroughly tested, proven and approved by intelligent and experienced persons in the field.
By handling the “change” professionally, CMMS implementation can be successful.