If you want more return on Investment, you need to follow this one simple word.
Annual Maintenance Contract ( AKA ) AMC
Can I ask you a question?
Are all your equipment AMC current of did you save a few Rupees this year by not renewing your equipment AMC?
If you are interested in making more money or saving cost, this one investment has the best ROI in the Hotel industry.
An AMC with the Original equipment manufacturer or an authorized distributor ensures that your investment is taken care of. It keeps the warranty active and ensures that the equipment is kept in good working order.
If you don’t have time to read the entire post, that is all you need to know. Don’t skip the AMC.
If you have additional time read below on why it is important.
Breakdowns are expensive and has direct and indirect cost attached to it.
Money: An equipment breakdown cost you money and time. Money that is spent in the repair process, money that could be used for increasing profit or given as dividends. In addition, if the equipment is very critical, there is added cost of hiring a backup for that equipment while the original is being serviced.
Time: Time spent on repairing the equipment could have been better spent doing preventive maintenance or training the team. Time is a commodity that never comes back so every bit of time you gain by not having to work in stressful conditions doing breakdown maintenance is useful to plan and make strategic decisions.
Quality: By now having an AMC, the quality of the equipment deteriorates very rapidly. Almost all equipment require constant tuning to ensure it runs to its optimum capacity and does not breakdown. An efficient equipment also ensures that the cost associated with it in running it is lower than one that is not maintained.
So how do you ensure you get the maximum return on your investment. What is better? Comprehensive AMC or Non comprehensive.
While there is no clear winner on this question, the ideal answer is It depends on many factors, however one point to note is that many service providers will be hesitant to offer you comprehensive AMC once you have done a Non comprehensive amc for an equipment.
Another aspect to concentrate on is preventive maintenance. Make sure that your preventive maintenance schedule is efficiently followed and ensure a long life for your equipment.
This one step will surely increase ROI for your investment.
Are all your AMC contract current?