Aug
25
2009
With the current recession that’s affecting companies all around the world, managing your fixed assets UK and getting the most money out of them has never been more important. A great deal of companies are finding that asset management is more of a competitive edge as they try and get the most money from their assets that they own.
This need for more efficient asset tracking UK has resulted in a large number of companies investing in real time management solutions. By knowing the latest information about your assets, you can make informed decisions to avoid making poor deals. It has also led to more companies using asset management services like reliability centered maintenance (RCM) or condition based maintenance (CBM).
RCM is a form of asset management where it trys to ensure that your equipment used doesn’t fail, effecting the business. RCM finds out how the item is used within the company. It then looks at how that piece of equipment can fail and how the company would be effected by a failure. Finally, it then looks at how these failures can be avoided.
The Aberdeen Group has released a study named “Asset Performance Management: Driving Excellence Though a Reliability Approach in Real Time”. The study looked at companies under 3 different areas: overall equipment effectiveness, complete and on time ships, and unschedules asset downtime. The study found that the best companies managed a 89% equipment effectiveness, 97% complete and on time shipments, and finally only 2% unscheduled asset downtime.
The study also discovered how the best companies will use a range of managment techniques to get the most data about their assets. There are a number of different technologies that are used by the best companies. It was discovered that many of the top performers would happily invest money in more advanced methods of asset managment, such as remote asset monitoring.
These different technologies allow the companies to keep the information about their assets up to date for their employees and maintenance staff. This means that the companies can use the data from their assets to make informed business decisions. It also allows the companies to see how the impact that their assets have on their financial earnings.
The overall need for more managed asset tracking has led to a rise in companies offering different ranges of asset accounting UK software to aid your business manage your asset data.
Tags: asset management, asset tracking, assets, Business
