One of the increasing trends that we have witnessed is the growing demand for outsourced preventative maintenance and calibration. Life Science companies across the country are more frequently and consistently utilizing calibration labs and contractors to perform work on their facility’s equipment in order to save them time and money. However, how does a company know that they are truly benefiting from outsourced maintenance and calibration work?
Management must prove that ROI exists from their outsourced maintenance contractors in order to justify the cost of hiring them. One way to prove that ROI is being generated from maintenance contracts is to utilize vendor tracking within an EAM, CMMS or CCMS or Blue Mountain Regulatory Asset Manager (RAM).
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Contractor tracking can be done by following these three steps in your enterprise asset management software:
By following the three steps above, a company can use the collected data to:
Overall, the outcome of using an EAM, CMMS or CCMS or Blue Mountain RAM to manage maintenance vendors is vital. Companies who utilize these steps obtain a 360 degree view of their relationship with a particular contractor which reveals whether or not that vendor delivers ROI for the company. In addition, companies who track this information stand on stronger ground for contract negotiation based on factual, visible past vendor performance which allows for contract cancellations or cutting of vendor expenses. All of these decisions can be made with a detailed reference log from the EAM, CMMS or CCMS. The value in tracking vendors in either an enterprise asset management software or Blue Mountain RAM can lead to higher overall facility performance and cost efficiency.
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