Tag: asset management

How optimizing Asset operations can save you huge Costs?

How optimizing Asset operations can save you huge costs? Asset management is the process of considering the commissioning, operational, and end-of-life phases of physical assets. However, current asset management models show inefficiencies in terms of addressing life cycle cost comprehensively. Following are the major steps: Asset registry: Record the details like make, model, current status,

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Importance of KPI in Asset Management

What is KPI – Key Performance Indicator? A select number of key measures that enable performance to be monitored against targets. Purpose of KPIs The KPI will indicate how well the facility or an asset is doing at attaining its goals, design intent or standards. KPIs help establish quality standards by reporting on variances. Why are KPIs Important? There are many reasons, of

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What is an HVAC System and What are its Parts?

What Is An HVAC System? First and foremost, HVAC stands for heating, ventilation, and air conditioning. Heating, ventilation, and air conditioning (HVAC) is the technology of indoor and vehicular environmental comfort. Its goal is to provide thermal comfort and acceptable indoor air quality.                           

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What are Key Performance Indicators (KPI) in Facility Management?

Last two decades have seen a large scale automation or digitisation of all the operational heads like finance, purchase, HR etc. Facility is no different. One by one most of the processes are shifting to online systems. Visitor entries, vehicle management, lease and utility billing, asset management, planned preventive management are some processes which are

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