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In order to remain competitive, plumbing contractors typically operate and maintain a wide array of equipment that is subjected to daily use and wear. With busy contract schedules, maintenance of equipment only becomes a priority when plumbers see obvious signs that equipment is malfunctioning or broken. Replacement is often simply a function of whether equipment repair bills exceed the cost of buying new equipment.By applying the principles of asset life cycle management (ALM) to your inventory, you can improve safety, reduce downtime, predict breakdowns, minimize the cost of maintenance and lower overall equipment costs.Shannon Klabnik is the PeopleSoft Practice Director
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