Companies all around the world are being affected by the current global recession, managing your fixed assets UK and using them to get the most money out of them is being more imporant than ever before. Many companies are seeing that fixed asset management is becoming more of a competitive edge as each company tries to get the most out of their assets.
This requirement for more efficient asset tracking UK has resulted in many companies choosing to buy into real time asset tracking to get the latets data. By obtaining real time information about your assets you can make business decisions based on that information. 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 looks at what and 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 looks at how changes within the company can help to avoid failures.
A study has been carried out by the Aberdeen Group called “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 found that a range of techniques are used by the top performing companies to make sure they get the most accurate data from their assets. There were a number of technologies that were popular within the best performing companies. It was found that the top companies would often invest in advanced asset management techniques such as remote 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 make decisions based on the information from their assets. It also helps the companies to understand how the performance of their assets can have a positive effect on the company earnings.
The overall need for more managed asset tracking has led to a rise in companies offering different ranges of asset accouting UK software to help you manage the data that you obtained from your company assets.
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