How much does a $5 part cost? If you’re only looking at price, the answer is simple: It costs $5. But to effectively manage your maintenance budget, it’s better to think of product price as just one piece of a larger picture. So, instead of only focusing on how much something costs, it makes more sense to zoom out and also look at what it costs you to repair or replace that part when it fails. With level of repair analysis (LORA), you can systematically determine the overall effects of different costs on your budget, helping you make decisions backed by reliable data.
ManagerPlus provides a comprehensive and easy to use EAM for streamlining your asset management.