In today’s pressurized business environment, executives must ensure that they leave no stone unturned as they strive to keep the company above water, let alone try and turn a profit. The brutal recession has ensured that every measurement metric must be carefully analyzed and every opportunity for improvement seized. The executive team will soon realize that many of the old methods are far from adequate, even though they may have been considered to be acceptable in better times.
The business can only hope to be wholly efficient if each and every one of the pieces of equipment, or assets, in its possession is also efficient. Every piece of equipment must do its part and contribute to the whole. We used to be quite content to measure an asset’s efficiency in relation to its designed purpose. However, this is an insufficient metric today. We need to be able to use online asset management software solutions to get comprehensive data in as close to real-time as possible.
If we cannot determine how a piece of equipment works, we can’t hope to contain the amount of energy that it uses. We are far too used to old recording methods such as spreadsheets, as we log the existence of the asset, any associated maintenance issues and its perceived performance. As spreadsheets are very static, they are hardly suitable if we are to try and keep on top of pure efficiency.
In the 1980s, spreadsheets were seen as a revolution within industry. While they have improved since that time, they are nevertheless far from the best solutions if we are to monitor asset performance in real-time. Only through the use of online asset management software solutions can we hope to have a greater visibility into equipment efficiency.
By using online asset management software we can look at each piece of equipment and set benchmarks to give us warnings, alerts or alarms. Software solutions can be set up to deliver automatic messages to service providers and technicians, when any major issues are detected. We need to be sure that we avoid excessive downtime wherever possible.
Many organizations in truth do not have a very effective way of recording asset inventories. There may be several different systems, which do not mesh together. How can a company be efficient if it is not truly aware of the inventory in its possession? Online asset management systems begin with a thorough tagging and identification process.
Energy can represent more than one third of monthly expenditure for the typical business and its cost is rising dramatically. The call for sustainability requires us to control our energy usage, at the same time as we cut back on our associated carbon emissions. In order for us to achieve this, we need to control the performance at the asset level.
Excel-based spreadsheet options must be replaced by online asset management software which is much more dynamic. We can eliminate many layers of confusion and have a much broader visibility across the enterprise.
Daniel Stouffer has a lot of information about online asset management software and how a visit to www.verisae.com can aid you.
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