Asset Management

Asset management of a facility is the lifecycle planning of assets in an organization, which allows facility managers to anticipate costs, plan for maintenance and upgrades, and minimize the total cost of ownership at the asset level. A good asset management strategy can help achieve significant financial and performance/service improvements in an organization. It can also make an FM's life easier at an operational level. Technology plays a crucial role in each phase of an asset's life, from tracking an asset's location to managing the maintenance cycle. Ultimately, it promotes the optimization of resources, also improving the efficiency of the assets.

Introduction

Every asset in a facility needs to be managed and maintained to ensure it continues to function within its design parameters. The Asset module of the application provides access to all pertinent asset information, and a complete framework to create, view, maintain, and retire assets.

Basic Components

This module revolves around the following components: Asset-The physical units used in creating ideal conditions in the facility, such as the lighting, HVAC, and plumbing systems.

Managing Assets

Assets in facility management refers to physical items managed by the organization for the purpose of supporting its operation, maintenance, or production. Assets include but are not limited to equipment, furniture, vehicles, machinery, IT equipment, tools, and so on.

Scanning QR Code

Asset tracking in real-time can be made easy and cost-effective irrespective of the asset’s location by using QR codes. The QR Code for the asset stores every information about the asset.