Facilities managers know the problem all too well. Some assets have multiple custodians who track and manage asset information. Unless these stakeholders have a way to coordinate their efforts, however, it can result in insufficient resource planning, competing priorities, duplicate (and sometimes inconsistent) information, and cumbersome asset management practices.
Do any of these scenarios sound familiar to you?
- Without access to accurate information, facilities managers find it difficult to get the right assets to the right place, at the right time, and in the right condition.
- Since no one has clear visibility into all the assets that the organization owns, teams end up buying equipment that is redundant and unnecessary.
- Data related to equipment condition isn’t maintained in a consistent way. As a result, assets aren’t maintained properly, reducing their useful life and increasing maintenance costs over the lifetime of the assets.
Fortunately, these challenges can be addressed using proven methodologies. Enterprise asset management uses analytical processes and technology to help organizations manage their assets over different lifecycle stages. Enterprise asset management systems unify data, eliminating information silos and connecting asset management to broader organizational objectives and priorities. To learn more about how enterprise asset management can reduce organizational risk and expenses, download our white paper “Enterprise Asset Management: Overcoming the Challenges and Gaining Financial Benefits.”