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Five tips to keep better track of plant assets - Mobile Computer Barcode Scanner Manufacturer by e55he swrzsnb
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Five tips to keep better track of plant assets - Mobile Computer Barcode Scanner Manufacturer by E55HE SWRZSNB
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| Article Posted: 05/16/2013 |
| Article Views: 49 |
| Articles Written: 2033 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 669 |
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Five tips to keep better track of plant assets - Mobile Computer Barcode Scanner Manufacturer |
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Business,Business News,Business Opportunities
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Asset management is similar to inventory management, but the bigdifference is inventory management is about the physical goods thatare in the warehouse or sold, while asset management is about theequipment and machinery used to make the product or service. Some factories and manufacturing locations choose to manage assetsby manually recording each element and then transferring theinformation onto the computer, usually using an excel file. Andthough this seems like an easy option, since it costs little to nomoney, it often results insignificant error and miscalculation. Furthermore, recording the location of an asset or its given serialnumber does not take into account its maintenance schedule, who waslast using the equipment, and whether it was moved. On averagebusinesses lose up to $437,000 annually as a result of lost ormisplaced assets.
Here are five things to consider when choosing the right assetmanagement solution for you: 1. What do you need to track? Keep in mind that it is important to know the maintenanceschedule, equipment uptime and downtime and the user on eachmachine. By integrating an asset management system into thewarehouse or factory s daily routine companies can increase theavailability of production equipment and reduce the overall coststhrough better services and maintenance programs. 2.
Why is it necessary to track maintenance schedules and machinerydowntime? Machinery and equipment should be in good working order, and it scrucial to know if those machines are running at maximum capacitywith an uptime of 99.9 percent. If a business is collectingrevenue, it must actively ensure machines are fixed and kept ingood working order in terms of repair and warranties. This isespecially true if a business is in the world of production ordelivery. The more downtime equals lost revenue and time.
3. What are the benefits? Forget the ease of operation of most asset management systems, thereal return on investment occurs with time and money saved. Notonly will proper tracking save a business money in regards to notover-stocking, understanding repair schedules and full knowledge ofeach asset s location; it also saves significant time that manualtracking monopolizes, freeing up those employees to take care ofother needs. Periodic reviewing and preventative maintenance ofmachinery in a factory of 500 employees or moresaves an average offive hours a week, equating to $1 million saved annually. 4.
How hard will it be to implement? This will vary according to which solution is chosen. But someasset management solution companies offer software that iscompatible across multiple programming languages making it easy tolink up to multiple computers. It is often the case that thesoftware is user friendly, and if wireless solutions are chosen,can be used anywhere while transferring information to one centralhub for all users to locate. 5.
What are the types of solutions? Using a rugged mobile computer connected to your computer-managedmaintenance system (CMMS) can help reduce asset downtime andimprove technician productivity. Manage work orders, accessinventory for spares or parts in real-time as well as ensure theproper and timely scheduling and maintenance for your assets.Increase asset and labor utilization while capturing critical datafor reporting requirements. Track assets and tools more efficiently leveraging bar code or RFIDtechnology to reduce costs and increase productivity. Captureinformation about your assets and tools regardless of where theymove and when they move.
Check-in and check-out processes areautomated when your workers are armed with a mobile computer,barcode scanner or an RFID reader and best of all you have anaccurate record of your inventory so you can ensure your tools andassets are available when and where you need them. Content provided by Wasp Barcode Technologies.
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