When we find that asset, we will capture the demographic information for it. That is an excellent start, but, let’s not stop there. You have initiated a project that identifies the assets you have, let’s take the next steps to improving the management of those assets. The first step is help you automate the identification process for the next inventory with a machine read-able passive or active tags. We can help you reconcile the new inventory to your asset ledger, connecting specific equipment to journal entrees. Let our team give you a conditional assessment of the asset while we are capturing data. Doing so enables us to develop an estimated remaining useful life for the asset, and that metric will provide the basis for the analytics we perform on your asset portfolio. Why settle for just data, when you can have actionable information that impacts your capital spend?
We can help you with an accurate inventory, reason enough to justify the project. However, relatively little additional effort will give you the information to manage the inventory, not relying exclusively on repair records but understanding the economic life of your assets. That information is empowering and will impact capital spend.