Tightening Budgets and Bolstering Security: Healthcare Asset Management Goals

Industries and organizations across the country are continually feeling the effects of shrinking budgets, strict regulations, and increased pressure to better manage resources. The healthcare industry is no exception. Such was the case recently when it was discovered that nearly $6 million in state-owned hospital equipment was missing from Louisiana State University (LSU) hospitals, and …

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Cutting Costs and Improving Compliance with Asset Tracking

Regardless of industry, every company wants to increase profitability and minimize costs. Many are faced with maintaining compliance with industry-specific regulations, which can at times make cutting costs a challenge. Asset tracking is a solution that rises to meet both objectives, enabling effective resource allocation to maximize profitability while keeping overhead costs at minimum thresholds. …

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Asset Management Aids Utilities in Mitigating Risks

Utility companies carry substantial liability, not only for ensuring acceptable service delivery, but for damages and injuries resulting from malfunctioning assets and equipment. A utility pole that ends up crashing into someone’s roof is surely going to create an unhappy homeowner, and only sheer luck avoids serious injury in some of these situations. At the …

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4 Industries That Should be Taking Advantage of Asset Tracking

Businesses spanning practically every industry can take advantage of asset tracking on some level. From tracking moveable assets to keeping tabs on maintenance and repairs for expensive, fixed assets, asset tags make tracking your company’s valuable assets simple and efficient. For companies that have never before utilized asset tracking solutions, the question of “what to …

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Migrating to the Cloud? Asset Tracking is a Match Made in Heaven

More businesses are moving critical business functions to the cloud, reaping the benefits of accessible-anywhere data. The cloud is particularly beneficial for businesses relying on remote and mobile workers, allowing everyone in the organization to access the most up-to-date data from any office or field location. This saves tremendous amounts of time that would otherwise …

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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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5 Best Practices for Inventory Management That Apply to Every Business

Inventory management isn’t something many professionals enjoy thinking about, even those who work in the field. That’s one of the primary reasons it’s helpful to implement best practices that are proven to streamline inventory management processes. Making an otherwise cumbersome, time-consuming, and frustrating process simpler and more efficient will save you many headaches, keep your …

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Asset Management is the Foundation of LDAR Programs

Choosing an effective asset management solution is key to successful LDAR management. Using automatic identification and data capture practices along with durable, application-suitable LDAR tags and steam trap tags that are compatible with asset management software applications streamlines the process of gathering and maintaining large amounts of data for regulated parts and equipment. This drastically …

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Get More from Your Equipment with Statistical Process Control

Every organization wants to maximize equipment reliability. The longer your equipment lasts and the more consistently it performs, the more return you’re getting on a single investment, which has a direct impact on the company’s bottom line. There are several ways to extend the usable life and reliability of your assets, one of the most …

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Big Data Reshapes the Utility Industry

Big Data is the buzzword du jour, but it’s not just about the Internet. Big Data is impacting a variety of sectors, including the utility industry, by enabling the development of intelligent infrastructures that improve service delivery, reduce interruptions, and save costs over the long-term by optimizing assets and processes. For the utility industry, Big …

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