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Glossary

Get Your Maintenance Management Terminology Down!

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Active Directory

Active Directory is a directory service developed by Microsoft for Windows domain networks. It is a centralized, ...

Additive Manufacturing

Additive Manufacturing is a process of creating three-dimensional objects from a digital file. It involves the use of ...

AI Powered CMMS

AI Powered CMMS is a CMMS (Computerized Maintenance Management System) solution that uses artificial intelligence (AI) ...

Analysis Paralysis

Analysis Paralysis is a term used to describe a situation in which an individual or organization is unable to make a ...

Annual Maintenance Contract (AMC)

An Annual Maintenance Contract (AMC) is a type of service agreement that provides ongoing maintenance and support for a ...

API

An API (Application Programming Interface) is a set of programming instructions and standards for accessing a web-based ...

Asset Availability

Asset Availability is a measure of the amount of time a piece of equipment or machinery is available for use. It is a ...

Asset Life Cycle

Asset Life Cycle is the process of managing an asset from its acquisition to its disposal. It includes the planning, ...

Asset Lifecycle Management

Asset Lifecycle Management is a comprehensive approach to managing the entire life cycle of an asset, from acquisition ...

Asset Management

Asset Management is the process of managing physical assets to ensure they are used efficiently and effectively to meet ...

Asset Management System

An asset management system is a software application used to track and manage physical and digital assets. It is ...

Asset Performance Management (APM)

Asset Performance Management (APM) is a comprehensive approach to managing the performance of physical assets ...

Asset Register

An Asset Register is a comprehensive list of all the physical and intangible assets owned by an organization. It is a ...

Asset Utilization

Asset Utilization is the practice of maximizing the efficiency of an organization's assets in order to increase ...

Audit Trail

An audit trail is a record of all activities related to the maintenance operations and management of a system or ...

Autonomous Maintenance

Autonomous Maintenance is a maintenance strategy that focuses on empowering operators to take ownership of their ...

Availability-based Maintenance

Availability-based Maintenance is a type of maintenance strategy that focuses on maximizing the availability of a ...

Average Inventory Cost

Average Inventory Cost is a measure of the total cost of inventory held by a company over a given period of time. It is ...

What is Annualized Failure Rate (AFR) ?

Annualized Failure Rate (AFR) is a metric used in maintenance operations and management to measure the reliability of a ...

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