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From the Inside Out
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A blog specifically created for RFMA intended to provide pertinent information on protecting company assets.

 

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Asset Management

Posted By Jeff Dover, CRFP, RFMA, Wednesday, April 26, 2017
Updated: Monday, April 24, 2017

Hello RFMA members,

How do you handle "asset management" within your organization? Do you have a CMMS to help with decision making? Do you have internal programs containing data on all your assets? Do you have anything in place to track asset repair history, book values, length of depreciation, etc? In today's tough economic environment in the restaurant industry every dollar spent or invested is being looked at. The Facilities professional's role is continuing to expand to now include proper asset management. A good CMMS will enable the facility decision maker to quickly analyze specific metrics and make sound economic decisions. Some of the information obtained from CMMS data should contain:

- Initial equipment purchase date

- Remaining book value

- Length of depreciation

- Repair history, showing specifics on what was repaired, when, and cost

- Individual store Lease information

All of this information will support decisions on repair vs replacement on individual assets. Normally a piece of equipment will be replaced if the repair exceeds 50% of the new replacement cost. Another great item to consider is "planned replacement" of equipment. HVAC is a good example of equipment that can be replaced prior to total failure or costly repairs that will keep a unit out of operation for long periods of time during the warmer or colder months. It makes economic sense to have a planned replacement program to change units out during the mild months when restaurants can go a few hours without them. By reviewing good CMMS provided data, decisions can be made on when to replace, timing of replacement, and volume purchasing decisions with an A/C provider and installer. This can be done with water heaters, refrigeration, cooking equipment, ice machines, etc. All of this equipment is critical to store operations and replacing before failure (or expensive repairs) will save money and downtime if done properly. Facilities is beginning to be directly involved with C-Suite decision making when it comes to capital planning and spending and a CMMS is the way to go. Get on board. RFMA has several good companies that can help. Don't be left behind.

 

Dover and out.

Tags:  Asset management  CMMS 

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RFMA Activities

Posted By Jeff Dover, CRFP, RFMA, Wednesday, October 14, 2015
Updated: Friday, October 9, 2015

Hello RFMA members,

It's been a busy last few weeks for everyone here in the RFMA office. We had a Benchmarking event hosted by John Getha at Wendy's headquarters to discuss Vendor Management, CMMS, and Asset Management. Several individuals were present representing Fazoli's, Frisch's, Taco Bell, White Castle, Brio/Bravo, and Steak Escape. Great information was shared and discussed by the group. The Benchmarking events are designed to share facilities related information to help other facilities professionals in their job responsibilities. It works out well for individuals looking to invest in different programs by utilizing the work and efforts already completed by their peers. The event is free and last only 2-3 hours and should not required an overnight stay. I highly recommend attending these in the future.

Debi Kensell and I also attended a Wendy's Franchisee Conference in Orlando, having a booth to drive new franchisee membership. Wendy's put on a great show. The foot traffic at our booth was fantastic. We are hoping to increase our restaurant membership substantially. Also, one of our own Wendy's members, Jim Morrow, was presented with The Dave Thomas Leadership Award, which is usually given to an Operations employee. His commitment to the brand did not go unnoticed. Congratulations to Jim!!

This week. Tracy and Heather are in Las Vegas for the FRANMAC Convention hosting a booth to hopefully gain new members. We (RFMA) are always striving to gain additional facilities professionals. If you know anyone in your Brand (company or franchise) that is not a member but should be, please let us know and we'll be glad to reach out to them.

RFMA is also hosting member meet up's in New Jersey on Oct. 20th, Louisville on Nov. 12th, and Scottsdale on Jan. 21st. Feel free to register thru the website.

Have a great rest of the week!

Dover and out.

Tags:  Asset management  Benchmarking  CMMS  franchisee  Vendor management 

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