Improve your Asset or Equipment Useful Life
Are your assets completing their expected life span?
Is your Asset performing optimal during its expected life?
What is your Asset Replacement Value as of Today?
We get answers of all above questions when we are tracking life of assets effectively. Managing asset life cycle can save you more than 30% of total purchase cost in longer run.
Normally, Air Cooled Chillers life expectancy is around 15-30 years. If due to poor maintenance you need to replace the Chiller in 11 Years? The same Chiller would have worked optimally if maintained properly. As Property Owner, It cost our finances 40% more.
Effective Life Cycle Management increase useful life of the Asset.
Calculate Asset Depreciation Value
Procurement and Maintenance Cost Tracking
Increased Asset Efficiency through Planned Preventive Maintenance Schedules
Ensuring compliance with regulatory standards
Effective planning gives you power to select the best strategy. By identifying the need of the Asset and capacity, we can choose the right asset for acquistion. Key decision makers should be part of this process.
Once we have identified the asset, we need to procure it. The vendors should be evaluated based on their quality, support and service. Here financial team also get involved and allocated budget is considered
What are you going to do so that Asset procured is working at optimal performance? What are different PM Schedules? What are checklists and SOPs for the asset maintenance and operations? All these are anwered in this phase.
During Operation Asset be continously monitored and checked for any performance issues that could appear unexpectedly. Predictive and Proactive Manitenance strategy can help you to reduce maintenance costs by more than 30%. The CMMS or CAFM you select plays a critical role here. Simple and Easy to use Facility Management System can unload your team from uncessary document managment and MIS.
After the end of Asset's useful it need to be sold, thrown-away or recycled.
Customized Asset Registers
KPI based Dashboards
Evidence Based Maintenance
Monitor and Track Your Asset Performance
Employee Efficiency Work Hours closed , SLA
Breakdown maintenance raised vs closed
Preventive maintenance work orders withdrawn / rescheduled / defective
% of asset under breakdown
No. of assets in bad condition
No. of assets registered more than 2 breakdowns
Inventory older than say 60 days consuming a license
Inventory without assets
Peak hours/ Week days
% of Missed AMC & Compliances
Vendor Performance for asset category