Facility Technology Simplifying Facilities...
The COVID-19 impact prompted businesses to promote remote working. This change has now sparked the emergence of the hybrid workspace, where remote work and traditional office work coexist peacefully as businesses welcome back their workers. According to research, most businesses will need to continue this trend of remote working when the epidemic fades. 58% of
What is Cloud-Based Inventory Management? More than 80% of demand is now for Cloud-Based Solutions, and it’s increasing from time to time. On-Premise Software Systems are passe. Managing Software locally is a very costly affair. Cons of On-Premises Inventory Management System Requires upfront capital investment. You need to develop or procure, and that is a
What is Inventory Management System? Investopedia defines Inventory Management “Inventory management system refers to the process of ordering, storing, and using a company’s inventory. This includes the management of raw materials, components, and finished products, as well as warehousing and processing such items.” More than 50% times inventory data is wrong. This is a hard
Importance of Inventory Management Inventory management has never been at the frontline of operational requirements, but it holds an indispensable place in the backend. Although it doesn’t seem like a driving part of any maintenance or facility function, still it plays a crucial role. Whether it is a construction site, a factory, or any building
Asset Lifecycle Management? Asset Lifecycle Management (ALM) is the mechanism during the lifecycle to maximize the value created from the properties. Comprehensive management of the asset pool, systematic implementation of programs, and reliable and effective asset management activities help to achieve the desired performance. Best Practices of asset lifecycle Administration: Total Inventory Recognition Businesses tend