Plant asset management is a practice that is used by operations around the world, but many aren’t aware of the intricate ins-and-outs of the discipline and why it should be treated as an essential money-saving strategy in plants of all sizes. A Definition of Plant Asset Management Many corporations have asset management plans that include …
Any organization that utilizes asset tagging to manage physical assets needs a clearly defined, efficient process for tagging assets as they’re acquired and monitoring assets throughout their usable life. What is Asset Tagging? Asset tagging is the process of affixing identification tags or labels, also known as asset tags, to assets. Asset tagging is used …
Companies spend millions every year keeping their staff equipped with the technical equipment needed to support their organizational roles. Part of those costs involves replacing worn or outdated technology. Some come about due to businesses not doing proper IT asset tracking. Losing track of IT equipment means your organization could end up spending money on …
Proper asset management allows utility companies to effectively service the nation’s energy and power needs. Any breakdown in this process brings the potential for catastrophic failures in the nation’s infrastructure. We’re not talking about counting a few office supplies. Proper utility company asset tracking and management mean knowing what type of valves were placed in …
5 Best Practices for Utility Company Asset Tracking and Management Read More
It’s not uncommon for business owners to get swept up in the nitty-gritty of daily operations, but by doing so, you could wind up neglecting certain areas that could be saving, or even making, you more money in the long-term. One of the most obvious examples of this is when businesses finally realize that its …
We don’t often think of schools as being a particularly asset-heavy entity, but more and more, educational institutions are filling to the brim with pricey assets to better keep up with our ever-changing, technologically-driven world. Gone are the days of composition books and pencils lining the shelves of classrooms; it’s not uncommon to even see a …
Healthcare organizations rely on equipment, tools, and other assets to provide quality healthcare to patients. That includes more than just the medical equipment used in direct care, but also the computers and other assets that healthcare companies rely on to manage patient records, medical billing, and other processes that take place in the background. Effective …
Asset identification is an important process for organizations that manage a variety of fixed or movable assets, and it’s an essential component of an overall asset tracking system. Here’s a look at the methods of asset identification, best practices, and more. A Definition of Asset Identification Asset identification is a critical process for any business …
What is Asset Identification? Methods of Asset Identification, Best Practices, and More Read More
Hospitals often come under fire for inefficiently managing supplies and spending too much on inventory. As hospitals are forced to tighten their belts, materials managers, suppliers, and staff members are pressured to address inventory management; unfortunately, they often are told to do so in a time-consuming fashion involving manual processes that are inefficient and subject …
Every business that handles inventory requires an effective inventory management system, and barcodes have long been the foundation of the most effective, comprehensive, and reliable methods for managing inventory on a small or massive scale. Barcodes reduce the likelihood of human error, increase accuracy and efficiency, and help companies gain complete visibility into their stock …
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