Having a big or medium-sized manufacturing company means the assets are in abundance. With this, it is evident that it is hard to keep records for every asset manually or via a pen-paper approach. Manual asset management has a high chance of getting inaccurate data, which eventually leads to wrong business decisions. This is where software like Smart assets for manufacturing companies comes into play.
What is Smart Asset Management Software?
Smart Asset Management software is an efficient tool for manufacturing companies. It can improve asset life and productivity, track upkeep costs, prevent and foresee asset failures, reduce costly downtime, guarantee compliance and lower maintenance costs.
Essential Benefits of Smart Assets Management System
#1 Minimises Asset Downtime
Unexpected or frequent downtimes can have a negative impact on business revenue and customers. However, smart asset adoption can help avoid such issues, enabling operators to access real-time data and offer greater insight into equipment’s health. With access to the right monitoring or tracking tool, you can simply anticipate equipment failure and avoid asset downtime.
#2 Asset Tracking
One of the great advantages of adopting Smart assets for manufacturing companies is that you can track assets in case you lose them due to bad management. This type of scenario is mostly responsible for expanding unnecessary expenses. More importantly, the asset management software offers real-time information, which is crucial to finding the exact location of an asset. It also minimises the chances of asset loss or theft.
#3 Reduce Maintenance Expenses
The word “maintenance” in a manufacturing business is directly related to the cost. Not maintaining or tracking equipment can lead to unexpected downtime and create a hindrance in daily operation. In case of any mishappening, the software will alert you immediately and help resolve the problem in no time.
Additionally, the asset management tool also helps transporting and logistics operations. In order to cut down the unnecessary expense, installing a Truck GPS tracker is a good idea. It helps analyse and inspect potential issues in transporting operations and notify the operator to resolve them.
STI Offers The Best Smart Asset Management Software
We are the leading Australian company that offers smart integration solution to manage supply chain for manufacturing industries. Also, our inventory management tools help improve production and business revenue. Other than that, our Wireless barcode scanners can track or monitors inventory – it typically improves business productivity.
Speak to one of our experts now for more details at 02 9630 3533