/ Archives for January 2015

Month: January 2015

5 Key Components of an Asset Management Framework

Utility companies are increasingly adopting asset management as a foundation for streamlining operations and ensuring service reliability for consumers. The United States Environmental Protection Agency (EPA) has outlined the five key questions critical for a functional asset management framework. Here’s an outline of the key components of an asset management framework outlined by the EPA. …

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Utility Asset Management 101: Basic Asset Categorization

Utilities are faced with managing thousands (even millions) of assets. If that’s not complex enough, there are a multitude of variables that must be carefully monitored to achieve optimal performance for every individual asset, including the age of the asset, its operating environment, demand, usage, and other metrics. The individual performance of each asset contributes …

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Inventory Management 101: 8 Things You Should Know About Your Inventory

Inventory management sounds simple in theory: Knowing how much stock you have on hand, when to order more, and how to keep it all in balance. In reality, as any inventory manager knows too well, inventory control is a much more complicated set of systems, processes, and procedures to maintain that delicate balance. In fact, …

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Top Inventory Management Apps: The 36 Best iPhone and Android Apps to Better Manage and Track Inventory

Businesses and organizations of all sizes must manage, control, and track inventory at any time and from anywhere. Today, inventory management is even more crucial to success and sustainability, as business transactions take place on a global scale and cover multiple locations. Manually entering, tracking, and counting inventory is nearly impossible by today’s industry standards, …

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19 Inventory Management Experts Reveal the Single Most Effective Strategy Companies Can Use to Reduce Inventory Costs

All successful large companies must have proper management strategies in place for things like quality, data, finance, human resources, and sales processes, among several other important business functions. Companies that deal with large amounts inventory, however, have the added management problem of achieving efficient and cost-effective inventory management. Since the warehouse and industrial property identification products …

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