The Challenge

Most companies, whether they are big or small, own and operate a broad range of asset types, from production equipment to warehouses, from IT infrastructure to vehicles. In today's competitive environment, companies are expected to generate greater returns with fewer resources. The need for an effective asset management system has become a key strategic imperative for many businesses.

In a survey conducted by Aberdeen Group, a leading research company, nearly half of the companies surveyed have their asset information locked up in static spreadsheet applications, making the information present but not active. Managers relying on these spreadsheets and file cabinets bursting with paper files cannot effectively do their jobs. Inaccurate and untimely data regarding an asset’s condition, utilisation, and location leads to poor decision making. This causes downtime and shortened asset lifespan leading to dissatisfied customers, all of which can erode a company’s overall profitability.

The Solution

Intelliset provides companies with software and services that enable greater asset performance where asset failure is not inevitable, production losses and incidents decline. Intelliset’s Smart Asset Management software helps companies lengthen the lifespan of their assets through better monitoring and maintenance. It allows companies to track asset conditions and maintenance costs. When used with Intelliset's Smart Service module, users can schedule, monitor and evaluate the efforts of both internal employees and external contractors.

In short, Intelliset’s Smart Asset module enables your company to:

• Reduce equipment downtime
• Decrease new equipment purchases
• Increase maintenance efficiency
• View and monitor key performance indicators (KPIs)
• Identify failure occurrence and causes
• Support continuous improvement efforts with operational history
• Automate key supplier and operational collaborative processes
• Improve deployment of productive assets and personnel

With Smart Asset Management, companies can now better manage their mission critical assets and continue to yield greater returns from their investments for many years. Its efficient data capture functionality collects and structures relevant information, from all departments, and makes it easily available to users at all levels.