With the change in global business processes and shortage of on-premise human resources to carry out various tasks, all organizations are now keen to develop optimized and dynamic practices. If you are running an asset intensive business with lots of moving parts and resources, it would be the best option to make your business operations lean and agile through integration of cutting-edge technology.
Nowadays, you can find advanced and future-ready solutions to drive your enterprise asset management. Ranging from Internet of Things to AI automation, modern asset management software can offer you the best predictive maintenance solutions. You will get a holistic cloud-based solution which can be accessed on desktops as well as mobile phones with ease.
Before selecting the ERP software that will help you transform your business, you must make sure that it is offered by a brand that is internationally renowned and has a long track record of successful software deployment in different parts of the world. It should be capable of managing critical assets across industries such as power plants, aviation fleets, manufacturing plants, educational institutions, commercial complexes and real estate projects etc.
Let’s take a look at the various features, capabilities and benefits of an advanced asset management software that any modern company should have:
● Capability of effectively managing all maintenance needs through integrated analytics and predictive maintenance approach
● Mitigation of equipment risks for heavy machinery such as cranes, construction equipment etc through superior safety adherence
● Complete regulatory adherence through compliance tracking and utilization of asset tracking tools to keep things audit ready
● Streamlining operations and delivering superior asset performance to generate better ROI
By using cloud asset management software, you can take care of the entire asset lifecycle digitally. This includes:
Planning – The software would give you complete control over the asset acquisition process, and facilitate planning, budgeting and approval through a single application.
Acquisition – Starting from the capital purchase to commissioning of new assets and managing supplier contracts, handling payments and other such tasks should be managed by the software.
Deployment – Installation and commissioning or maintenance of a fixed asset and induction of new equipment should be streamlined by the system.
Management – Once the asset is in place and operations, the software would have robust maintenance programs and work management processes in place alongside failure analysis and RCA options that will enable seamless and better management of the assets.
Retirement – The software would reconcile all the data from the asset retirement proposal to options like asset scaling up and scrapping to ensure optimized asset retirement.
There are a number of advantages that such an advanced asset management software would offer you:
● Easy cloud accessibility through desktop and mobile devices anywhere, anytime
● Zero UI powered by Cognitive intelligence
● Optimized maintenance planning, crew rostering, risk mitigation, planning and predictive maintenance
● Complete visibility of business performance, operational costs and return on assets, etc.
● Customized dashboards that provide real-time insights, automated MIS delivery, real-time work order status tracking and live asset tracking on maps
Using an advanced asset management software can help you power your assets with cognitive abilities, gesture computing and remote maintenance etc. Thus, the assets will be optimized, better maintained and give more ROI throughout their lifecycle!
