{"id":2571,"date":"2018-12-06T18:00:00","date_gmt":"2018-12-06T18:00:00","guid":{"rendered":"https:\/\/mpulse.cloud.fruitionqa.com\/repair-or-replace-it\/"},"modified":"2025-07-30T06:27:33","modified_gmt":"2025-07-30T06:27:33","slug":"repair-or-replace","status":"publish","type":"post","link":"https:\/\/mpulsesoftware.com\/blog\/maintenance-management\/repair-or-replace\/","title":{"rendered":"Should I Repair It or Replace It?"},"content":{"rendered":"<p>There comes a time in every asset\u2019s lifecycle when a maintenance manager asks the same question: Should I repair it or replace it?<\/p>\n<p>The answer depends on several factors unique to your situation and your organization. If a breakdown has halted production, you\u2019ll likely answer this question differently than if it\u2019s an older piece of equipment at the end of its lifecycle.<\/p>\n<p>Either way, however, it\u2019s important to make this decision based on facts, rather than assumptions.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-flat ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/mpulsesoftware.com\/blog\/maintenance-management\/repair-or-replace\/#What_You_Need_to_Know\" >What You Need to Know<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/mpulsesoftware.com\/blog\/maintenance-management\/repair-or-replace\/#How_to_Decide\" >How to Decide<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/mpulsesoftware.com\/blog\/maintenance-management\/repair-or-replace\/#Why_CMMS_Software_Makes_It_Easier\" >Why CMMS Software Makes It Easier<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_You_Need_to_Know\"><\/span>What You Need to Know<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The best decisions are informed decisions. When you\u2019re asking if you should repair or replace an asset, you need to know some key information, such as&#8230;<\/p>\n<ul>\n<li>Maintenance and operating costs to date<\/li>\n<li>Impact on operations or production<\/li>\n<li>Safety issues<\/li>\n<li>Expected remaining service life<\/li>\n<li>Current resell market value<\/li>\n<li>Disposal costs<\/li>\n<li>Warranty or vendor service contract<\/li>\n<li>Efficiency<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Decide\"><\/span>How to Decide<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This information is the basis for data-driven decision making, which simply means you\u2019re making a decision based on hard data rather than assumptions or guesses.<\/p>\n<p>[related-content]<\/p>\n<p>Every organization has different criteria for <a href=\"https:\/\/www.mpulsesoftware.com\/how-to-decide-whether-to-repair-or-replace-assets\">replacement versus repair<\/a>.<\/p>\n<p>For example, one MPulse customer forecasts asset replacement when the cost of maintenance to date reaches 75% of the replacement cost. Another customer has different criteria for equipment based on its value to the production process, replacing assets that are vital to operations sooner than assets that have less of an impact.<\/p>\n<p>And some maintenance operations still run assets until they break down and aren\u2019t repairable anymore.<\/p>\n<p>Making this <a href=\"https:\/\/www.mpulsesoftware.com\/The-Future-of-Maintenance-Management-Part-4-Data-Driven-Management-Blog\">decision<\/a> is a lot easier when you have accurate information to go on. That\u2019s where <a href=\"https:\/\/www.mpulsesoftware.com\/maintenance-scheduler\">CMMS software<\/a> comes in.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_CMMS_Software_Makes_It_Easier\"><\/span>Why CMMS Software Makes It Easier<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>With each purchase and every work order, <a href=\"https:\/\/www.mpulsesoftware.com\/work-order-scheduling-software\">CMMS software<\/a> documents&#8230;<\/p>\n<ul>\n<li>Labor costs<\/li>\n<li>Parts costs<\/li>\n<li>Energy costs<\/li>\n<li>Purchase price and date<\/li>\n<li>Life expectancy<\/li>\n<li>Warranty information<\/li>\n<li>Replacement costs<\/li>\n<li>Other custom data<\/li>\n<\/ul>\n<p>By running a few simple reports, you\u2019ll know which assets cost the least amount of money to maintain and repair. You also can calculate when the increased efficiencies of newer models will pay off in the long run.<\/p>\n<p>CMMS data changes the way you make decisions because you\u00a0have all the information at your fingertips to determine the total cost of ownership.<\/p>\n<p>Want to know when it\u2019s time to repair or replace an asset? <a href=\"https:\/\/mpulsesoftware.com\/Contact\/\">Contact us<\/a>. We\u2019re here to help.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There comes a time in every asset\u2019s lifecycle when a maintenance manager asks the same question: Should I repair it or replace it? The answer depends on several factors unique to your situation and your organization. If a breakdown has halted production, you\u2019ll likely answer this question differently than if it\u2019s an older piece of equipment at the end of its lifecycle. Either way, however, it\u2019s important to make this decision based on facts, rather than assumptions. What You Need to Know The best decisions are informed decisions. When you\u2019re asking if you should repair or replace an asset, you need to know some key information, such as&#8230; Maintenance and operating costs to date Impact on operations or production Safety issues Expected remaining service life Current resell market value Disposal costs Warranty or vendor service contract Efficiency How to Decide This information is the basis for data-driven decision making, which simply means you\u2019re making a decision based on hard data rather than assumptions or guesses. [related-content] Every organization has different criteria for replacement versus repair. For example, one MPulse customer forecasts asset replacement when the cost of maintenance to date reaches 75% of the replacement cost. Another customer has different criteria for equipment based on its value to the production process, replacing assets that are vital to operations sooner than assets that have less of an impact. And some maintenance operations still run assets until they break down and aren\u2019t repairable anymore. Making this decision is a lot easier when you have accurate information to go on. That\u2019s where CMMS software comes in. Why CMMS Software Makes It Easier With each purchase and every work order, CMMS software documents&#8230; Labor costs Parts costs Energy costs Purchase price and date Life expectancy Warranty information Replacement costs Other custom data By running a few simple reports, you\u2019ll know which assets cost the least amount of money to maintain and repair. You also can calculate when the increased efficiencies of newer models will pay off in the long run. CMMS data changes the way you make decisions because you\u00a0have all the information at your fingertips to determine the total cost of ownership. Want to know when it\u2019s time to repair or replace an asset? Contact us. We\u2019re here to help.<\/p>\n","protected":false},"author":6,"featured_media":2572,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[13],"tags":[],"class_list":["post-2571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maintenance-management"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.0 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Should I Repair It or Replace It? | MPulse Software<\/title>\n<meta name=\"description\" content=\"Discover how to decide whether to repair or replace assets. Consider factors like maintenance costs, impact on operations, and remaining service life.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mpulsesoftware.com\/blog\/maintenance-management\/repair-or-replace\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Should I Repair It or Replace It?\" \/>\n<meta property=\"og:description\" content=\"Discover how to decide whether to repair or replace assets. 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