The process of tracking and managing an institution's physical assets and infrastructure is known as fixed asset management. The fixed assets consist of vehicles, Office furniture, Machinery, buildings, land, etc.
The most common challenges large business organizations face include managing assets in diverse geographic locations, high costs; unstructured asset maintenance; a lack of a flexible centralized system, etc. These are just a few of the many issues businesses deal with on a day-to-day basis.
Our assessment team assisted the business organizations in tackling the demands with a robust CMMS solution (A computerized maintenance management system). Our CMMS assisted the business organization in automating several tasks. Automation saved them time, decreased human error, and improved the efficiency of daily activities.
They monitored and audited the process using the centralized report analysis tool, which transformed the team from a reactive to a preventive and predictive maintenance approach.
Within a couple of months of deployment, the organization measured the performance metrics and saw a 3.25% reduction in cost and increased the lifespan of the assets. With efficient data analysis and management, the firm was able to monitor the real-time activity of the process from a centralized location.
Here are some of the features that have benefited the organization in its day-to-day process :
Preventive maintenance assisted the team in detecting flaws in the system before they become severe. This improved the asset operations' productivity, helped speed up the repairs, and reduced downtime by 38.98%.
With analytical reports, the team could forecast equipment checks before they become costly, which helped them manage inventory and asset buying and selling workflow.
Automating work requests allows managers to save time and resources by requiring less human interaction. Helping managers standardize the process by improving access to organizational resources.
Statistics speak for themselves, allowing managers to measure the performance of everybody in the organization. It assists in tracking team member availability and work order allocations to eliminate backlogs.