• Skip to main content
  • Skip to footer

Stratum Consulting Partners

EAM Solutions

  • Solutions
    • Business Process Design
    • Performance Management
    • Capital Planning
    • Cloud
    • Mobile
    • MRO Inventory and Procurement
    • Benefit Realization
    • Master Data Management
    • System Integration
    • EAM Training
  • About
    • Approach
    • Principles
    • Clients
    • Partners
  • Blog
  • Contact
  • Client Login
Home / Solutions / Benefit Realization

Benefit Realization

What happens after my EAM software has been implemented? How do I get the most out of my software investment?

The purpose of benefit realization is to maximize the actual return on investment (ROI) of your recently implemented software. Benefit realization consists of three main actions: identify, execute, and sustain.

Identify

Define KPIs and quantitative measures to track benefits, such as:

  • Overdue PM Work Orders
  • PM Compliance Percentage
  • PM Work Percentage
  • Average Response Time
  • Breakdown Work Percentage
  • Weeks of Backlog
  • Inventory Value
  • Inventory Turns
  • Percent Inactive Stock
  • Percent of Single-Line POs
  • Percent of Non-Stock PO Lines

Execute

Ensure that key stakeholders and system users have a good understanding of the organization’s objectives. Progress and metrics should be regularly reviewed and communicated to the team to establish alignment and cadence.

Sustain

Monitor and measure benefits performance and reporting results via performance metrics/analytics. System users could use the data from the metrics to develop future initiatives to address operational needs.

Benefit realization is a shared responsibility between client and consultant. We are here to guide your benefit realization actions to move your business forward.

  • Business Process Design
  • Performance Management
  • Capital Planning
  • Cloud
  • Mobile
  • MRO Inventory and Procurement
  • Benefit Realization
  • Master Data Management
  • System Integration
  • EAM Training

Contact us to learn how we can work with you to improve your asset management operation.

Contact Us

Stratum Consulting Partners, Inc.
P.O. Box 100
Broomfield, CO 80038
720-221-3559

Stratum Consulting Partners, Inc. is a leading asset management consulting and EAM technology services firm. We help clients optimize the delivery and performance of their EAM software and physical assets.

Stratum Consulting Partners - Twitter
Stratum Consulting Partners - Twitter

© 2019 Stratum Consulting Partners. All Rights Reserved.