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Articles related to Asset Management by Novo Solutions. These articles will help you improve how you manage and maintain assets. This not only lowers break/fix maintenance costs but also extends the useful life of your assets.
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The Practical Questions How do you make sure the right people are working on the right tasks and are properly trained? How can you be certain they are working efficiently? How do you know the equipment under your supervision is operating at the highest possible level? What does it take to be an effective, productive Plant Manager? It requires an effective asset tracking system. Let’s continue the story from last week: Maintenance Management System Part [...]
With personal and business, we are wired to consider the return on our investments. From a new AC system at our homes to our business software purchases, we need the ROI measurements to base our decisions. It’s especially difficult when you consider buying CMMS Software for your organization. As with most measurements, ROI has a formula. It looks fairly simple: ROI= (Value — Cost) / Cost I’m not trying to bring up algebraic nightmares of [...]
When I started working at Novo Solutions, I had no idea how much research I would do. I wanted to get to know the industries using Asset Management and CMMS Software better. In other words, I went down the rabbit hole to gain insight into your needs and problems. Why does it matter? Oh, it matters because I gained much more than insight during my self-imposed education. I stumbled onto so many helpful sites, publications, [...]
All governments, large or small, are faced with the challenge of juggling limited financial and human resources. Service backlogs must be addressed while comprehensively dealing with challenges and demands. I suppose one of the reasons municipalities may shy away from an investment in government software is because elected officials and perhaps even municipal managers don’t understand how valuable it can be. You need the best government software available to justify the cost. Imagine if a [...]
Making the decision to invest in asset management tracking software is daunting at best. The mere thought alone can send even the most level-headed into a tailspin. That’s why it’s important to know the areas you expect a return on your investment. The cost should be offset by the gains. Let’s face it, paper isn’t dynamic. Workers out in the field are deprived of valuable data that may be crucial to their jobs, such as [...]
What are municipal assets? These are assets that provide services to your community such as streets, water, waste water and stormwater infrastructure. Municipal assets (or any county, state or province assets) provide essential, non-essential, and supplementary services to the community. It's important to simplify with a local government asset management system. Local governments (which can also include any public sector or other public institutions) maintain capital-intensive assets, with water and sewer systems as just [...]
Knowing your municipal asset management story or how you arrived at the current situation helps determine the steps to take to get where you want to go next. I’m the type of person that likes to dive in head first and see where I surface, but that isn’t always the best plan. Hence the word, plan. Doing your homework and making a plan goes a long way towards more effective municipal management. Let’s start at [...]
You finally feel like things are running smoothly. Maybe you are effectively tracking and maintaining your assets. If, however, you are not able to easily report on maintenance costs AND depreciated equipment values, you could be missing out on some insightful information. Don’t discount the importance of tracking and reporting on asset depreciation directly within your maintenance program. The Facts: Assets enter the workforce just as we do. And similarly, asset depreciation begins producing income [...]
Avoiding equipment breakdowns plays a vital role in boosting productivity and profits. Keeping assets functioning at peak capacity is essential to your maintenance efforts. Are you continually working to balance workloads and equipment scheduling to lessen the possibility of downtime? A modern asset tracking software system should be able to simplify your challenges for optimal asset performance and decrease equipment downtime. Have you ever noticed that downtime is comprised of multiple times? – notification time, [...]
Assets are your organization's most significant investments and must be preserved. Asset maintenance management software reports give visibility into the life-cycle of an asset. Do you want the decision to repair or replace an asset to be an informed or a desperate decision? What would happen if you drove your vehicle every day but neglected to get the oil changed? Breakdowns and expensive repairs would rapidly follow. For this reason, a work order software system [...]
