With the help of asset management software, you can follow facility management trends that help improve your business productivity. Moreover, you will be able to increase asset life and decrease the chances of sudden asset breakdown. Few of them are discussed here.
Remote monitor your assets
During the covid pandemic working from home and managing all the tasks remotely became very popular. Remote monitoring of assets also worked well and was effective. Remote monitoring helps to keep you updated about all the assets and identify issues even when you are busy and away from work place. For instance, you can monitor the water entrance and identify flooding, moistness, temperature, door and window openings etc of your building in case of a disaster.
Implementing Maintenance
Maintenance is the key to facility management. Employees at a workplace are happy only when all the equipment are in good working condition. Else they get frustrated and are not satisfied with the management. A study states that people are more productive and work harder only when they are happy. Asset failure can have a great impact on productivity, so make sure all the machines and equipment are properly maintained.
Utilization of asset tags and labels
Asset labels and tags provides the accurate asset location and helps you to easily locate a specific asset. They can be very useful for organizations to identify multiple assets without any confusion. You can also find out who is using assets, when they were last used, when they will be returned, and when their maintenance is due. This keeps you up to date on your assets.
There are several types of asset tracking tags which includes barcodes, QR codes, RFID, NFC, GPS, BLE, and IoT. Besides inventory control and real-time location, it provides a number of other benefits, such as the ability to prevent theft, history of operations related to maintenance and purchases, and depreciation values.
Asset Security
The security of an asset is established by asset protection. Unauthorized disclosure, unauthorized changes, and/or destruction of an asset can affect confidentiality, integrity, and/or availability. Asset security includes security of intellectual and physical assets, correcting discrepancies, keeping records of inventories and comparing counts to perpetual records. It is imperative to monitor assets, and with asset management software, you can do just that. Asset management software protects assets from theft and misplacement providing maximum security for your assets.
Reports-Based Decision
The reports can provide crucial information that will help you make business decisions. They have critical information that can boost efficiency and productivity. You can also identify areas where there is room for improvement. An asset management report contains information about tracking assets, maintenance performed, inventory utilized, and other expenses. This gives you a sense of future expenses so you can plan accordingly.