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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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Asset management can benefit greatly from the technology available to us today. These technologies allow us to simplify our jobs, manage assets more effectively, and can help cut costs in the long run. Technology, like IoT devices, plays an important part in our society, including in government organizations and businesses. One type of IoT device that is becoming vital in asset management is sensors. IoT sensors are commonly used in asset management today, including in [...]
Efficient asset management is crucial for water utilities in every municipality. With regular maintenance and occasional repairs necessary, having a reliable system in place is essential for proper oversight. ShareNet Municipal Operations Management system offers asset management software specifically designed for water utilities, enabling municipalities to optimize their asset utilization effectively. Discover how the ShareNet Municipal Operations Management system can enhance your public utility management. What Does Asset Management Software for Water Utilities Do? Track [...]
Public works directors, city managers, and public administrators face mounting pressure to maintain aging infrastructure, comply with regulations, and deliver services efficiently. Geospatial asset management offers a powerful solution by integrating geographical information systems (GIS) with traditional asset management practices. This approach provides a spatial view of assets like roads, bridges, and utilities, enabling smarter decision-making and operational efficiency. What Is Geospatial Asset Management? This approach combines GIS technology with asset management [...]
One of the largest investments of a company is work equipment. Whether it's large equipment, tools, or even tablets and cell phones, asset tracking is a huge benefit for a number of reasons. Check out exactly how easy a CMMS makes asset tracking below. Keep Up with Maintenance Schedules Monitoring your assets is more than just having a place where they are easily found. As a result of keeping up with maintenance schedules, downtime decreases [...]
USING SPARE PARTS INVENTORY MANAGEMENT SOFTWARE AT SHELIVAY MANUFACTURING As we wrap up the series about Kris Camden, Plant Manager - let's talk today about a spare parts management software system and how it affects maintenance and overall production. Kris had repairs on the wait list, parts to order, and downtime backing up. Workers were waiting for parts to be delivered before repairs could begin. Unavailable and unordered parts were the primary reason for delayed [...]
With only 2 posts remaining, let us continue with the story of Kris Camden and the Shelivay Asset Management System Software. Preserve and Maintain Assets Waste was a rampant issue at Shelivay because they didn’t track and maintain their assets. Technicians were waiting around for equipment, tools weren’t available, or they were doing the same job twice because asset maintenance wasn’t properly recorded. This principle holds true in everyday life. Consider budgeting, as an example. [...]
Equipment Management I encourage you to read the previous post- CMMS Maintenance Standards. Equipment management was poor on a good day but Kris was intimidated by the research, approval, and implementation process of purchasing a CMMS. But she needed a maintenance system that ensured faster turnaround time for PM tasks and routine maintenance. She had so many questions. What was equipment downtime costing their bottom line? Would there be a positive ROI on a CMMS software purchase? [...]
As we continue on this journey with Shelivay Manufacturing, I encourage you to read the 2 previous posts, beginning with: Maintenance Management System Part I – The Audition. Shelivay was using the old-school method of managing repairs with mountains of paper that included warranty info, parts, work orders, notes, and inspections. Automating this process guarantees visibility into the repair history, dates of service, authorizations, and other pertinent information. Kris needed to set CMMS maintenance standards and [...]
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 [...]