What is Asset Life Cycle Management

We help in Improving Your Assets' Useful Life

Simplify Your Facility Management and Operations

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Asset Life Cycle Management Advantages

Improve your Asset or Equipment Useful Life

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.

Why Asset Life Cycle Management is required

Advantages of Data Driven Approach of your Asset Life Cycle Management

  • Calculate Asset Depreciation Value

  • Procurement and Maintenance Cost Tracking

  • Increased Asset Efficiency through Planned Preventive Maintenance Schedules

  • Ensuring compliance with regulatory standards

Benefits of Asset Life Cycle Management

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.

4 Stages of Asset Life Cycle Management

How Kaizen Help in Effective Operations and Maintenance?

  • Customized Asset Registers

  • KPI based Dashboards

  • Evidence Based Maintenance

  • Checklists, Instructions

  • Monitor and Track Your Asset Performance

Best way to manage Asset Life Cycle

Key Performance Indicators & Asset Management Life Cycle

PM Performance as per SLA

  • Employee Efficiency Work Hours closed , SLA

  • Breakdown maintenance raised vs closed

  • Preventive maintenance work orders withdrawn / rescheduled / defective

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  • % of asset under breakdown

  • No. of assets in bad condition

  • No. of assets registered more than 2 breakdowns

% of stock below threshold

  • Inventory older than say 60 days consuming a license

  • Inventory without assets

  • Peak hours/ Week days

kpi-img
  • % of Missed AMC & Compliances

  • Vendor Performance for asset category

  • DG Efficiency