Simplify Your Assets Management and Operations

Why Asset Life Cycle Management is Important?

• 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.

What are 4 Stages of Asset Life Cycle Management

1. Planning

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.

2. Acquisition

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

3. Operation and Maintenance

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.

4. Disposal

After the end of Asset's useful it need to be sold, thrown-away or recycled.