One of the key challenges facing businesses today is the limitation of asset visibility. According to one report, less than 40% of businesses have full visibility into their assets, and 4% of them don't even have visibility at all. This technological gap presents an important challenge for companies in asset management, and the application of effective strategies such as enterprise asset management (EAM) systems is key to filling this gap.
The key to taking full advantage of an enterprise asset management (EAM) system is how to apply its capabilities to extend the life of your assets and ultimately optimize your business operations.
1.Centralize data
Traditional electronic** methods are no longer suitable for effectively tracking and managing business assets. The EAM system automates the asset management process through asset registers. The asset register aggregates all asset information into a single platform in an easy-to-understand format. This helps businesses to inventory and account for all assets, avoid idle assets, and verify the status of assets.
2.Identify the problem
Keep your asset register up-to-date, allowing you to stay informed about the status of your assets. This helps to identify potential problems in advance and develop solutions. By monitoring the entire lifecycle of your assets, you can identify and resolve potential failures in a timely manner. Timely checks and data reconciliation ensure timely resolution of issues and guarantee data accuracy, providing the basis for the implementation of strategic solutions.
3.Use asset data to guide your solution
EAM systems help to aggregate existing data for data extraction and analysis. Through analysis such as reports and key performance indicators (KPIs), it is possible to identify patterns and causes of potential asset failures. This analysis can be used to assess the current state of an asset and develop a strategy to keep it running optimally. In addition, it makes it easy to identify potential compliance risks, allowing businesses to think early about complying with rules and regulations.
4.Perform regular maintenance procedures
Regular maintenance is one of the best ways to ensure that your assets are performing as standard. By leveraging the calendar feature in your EAM solution, you can set dates for your assets to undergo regular maintenance inspections. After maintenance is complete, you can track the details of the maintenance activity, including where, by whom, and how the maintenance was carried out to assess the effectiveness of the maintenance.
5.Take advantage of relevant applications
Synchronize the data in the EAM system with other applications to resolve issues. The integration of the EAM system with service ticketing applications such as Zendesk and Jira makes it possible to receive and resolve asset management requests within one integrated platform. Such integration improves overall operational efficiency and fosters collaboration between customers and within departments.
6.Continuous training and improvement
Ongoing training is essential when using an EAM system. Maintain staff familiarity with the system and ensure they are able to take full advantage of the system's features to achieve the best results. At the same time, continuous improvement of the EAM system to adapt to new business needs and technological advancements is also key to keeping the system continuously effective.
Enterprise asset management is a useful technology that can create greater value for businesses by centralizing data, implementing asset control, and using data to optimize operations. The future of EAM will be inextricably linked to technological advancements, customization enhancements, and improved cybersecurity capabilities, and adopting EAM solutions will be a critical step in upgrading your business and increasing productivity.
White code provides businesses with a powerful and easy-to-use asset management platform. The whitecode asset management system is fully customizable and flexible, enabling small businesses to save money and time while protecting their investment. The White Code Software Center has an asset management system template, and you can also enter the white code platform to experience the efficiency and convenience of the white code asset management system through actual operation.