Asset Life Cycle

Asset Life Cycle Management

The asset management Module enables facility managers to keep track of assets and the related maintenance and preventative jobs. The tool is used to keep a catalog of the assets or client assets such as computers, printers, and other office equipment (Space Management). The asset management software module offers a clear record of the asset portfolio with the location, the prevailing condition of the asset as well as the written down value of the asset. Importantly, this model ensures the optimal use of assets within an organization while at the same guiding managers in future asset planning. The asset management module enables users to import asset data from an excel spreadsheet, thus saving time.

Module Key Features

  • Provides a centralized location for uploading all documents related to the asset such as manuals, guides, Images, troubleshooting and contractor documents. This centralized repository ensures all asset information is accessible and easily shared with authorized personnel.
  • Provides a plethora of fields to capture vital asset information including make, model, serial number and location, warranty, DLP status, etc.
  • Allows to generate and print barcodes for rapid and unique identification of the asset
  • Maintains the spare parts inventory for deployed assets and keeps track of consumed parts linking them to the specific work order. Alerts can be configured once the spare parts stock reaches a critically low threshold to trigger restocking.

Module Functionality

The Asset Register

asset such as a pipe or road section. All of these are recorded as Assets, together with details of their measurements, their condition, their value, and any other details such a manufacturer or species. Dates can be held against Assets to indicate when they were installed or when they might need replacing. Assets are placed on Sites, and inherit from the Site the parameters applied to Site for Cost Code, Classification, Customer, Contract Area, Area and Ward. Any defaulting parameter that does not apply can be changed for that particular Asset.

Assets Tagging

All assets will be tagged using adhesive labels that can be put on equipment for quicker processing and easy identification. The asset tags will contain asset codes or identification numbers. Details about location, group or any other relevant association. The labels will be scannable to produce additional dynamic information about the asset.

Asset Prioritization:

A Prioritization Matrix will be the technique used to identify which assets are the most critical to work on maintain/renovating or replacing first. The Matrix will be used to rank Assets through issues generated by brainstorming

Asset Life Cycle management:

The technology used to support the enforcement of asset life cycle management is represented in a comprehensive, smart yet standard asset management module. Relaying on the standards of ISO 55000, 55001 & 45001 allows for utilization of any CAFM/CMMS system to deliver a comprehensive ALCM.

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