Maximize Life Cycles with Asset Management Software

Making the right decisions starts with having the right data, but data silos make it impossible to share and leverage. You might have lots of data, but it’s doing little for you.

Asset management software ensures everyone in the organization has access to the data they need. It starts by collecting everything into one centralized database, where information can easily be kept clean and up to date.

Finally, your data is working for you and everyone else in the organization.

If you can’t see it, you can’t improve it. Asset management software’s robust reports and easy-to-understand dashboards put your whole operation right on your screen, so you can finally see who’s doing what and what it’s costing you.

With greater visibility comes greater accountability. You finally know what’s working and what needs improving. With detailed reports on all your costs and a real sense of total cost of ownership for each asset, you can make the right decisions on everything from supply chains to repair or replace.

Setting up processes and documenting workflows is just as important for current efficiencies as it is for future growth.

Asset management software helps you build the foundation you need to see your organization scale successfully.

Having senior techs walk new staff through every process and procedure is a tradition you can’t afford once you reach a certain size. Asset management software helps you get new staff up to speed quickly and ensures work always gets done the same way.

Just like a CMMS, asset management software helps you manage every part of keeping assets up and running, including managing work orders and PMs. It also helps you capture and safeguard asset data, from ID numbers and manuals to detailed repair and maintenance histories.

And because techs can access this information from any Internet-connected device, they can work more efficiently. No more running back to the office to collect paperwork or print out spreadsheets.

The surest way to lose data is to write it down on paper or add it to a spreadsheet that lives as an email attachment. Without a centralized database, your data is easily lost, allowing work to slip through the cracks.

Schedule for success with a preventive maintenance program backed by asset management.

Complete, cradle-to-grave asset management starts at the planning stage with detailed reports on needs analysis, current asset capacities, and budget projections. The problem is that different departments have different pieces of the data puzzle, making it impossible to see the complete picture.

With the right asset management software solution cloud-based database, you can standardize your data formats and centralize your data storage. Everything comes together and fits where it needs to.

Strengthen and streamline the entire workflow for maximum work order management. Asset management software puts you in control, at every step. Review and approve requests as soon as they come in. Generate data-packed work orders leveraging all the easy-to-access data already in the system, including detailed repair and maintenance histories. Then track updates in real time.

Never run out of the parts and materials you need to keep your assets running. Asset management software makes inventory management much easier by automating large parts of your workflows, including purchasing, and keeping levels up to date and accurate.

Every time you generate a new work order, you can associate all the required parts and materials, and when the techs close out, the software automatically updates your counts. With preset par levels, as soon as you start running low, the software alerts you and helps you set up the next order.

Asset management software reporting delivers data-driven decision-making. Organizations can use an Asset management to decide when assets should be repaired or replaced by answering:

• How often has this asset broken down in the past?
• How has this downtime affected productivity?
  What has each breakdown cost for repairs and lost productivity?
• How often will the asset breakdown in the future, and what are the associated costs?
• How far is the asset into its expected useful life?
• What are the terms and conditions of any existing warranties?
• How much will it cost to replace the asset?

ONCE YOU HAVE THE RIGHT DATA, YOU CAN MAKE THE RIGHT DECISIONS.