Picking the best type of maintenance strategy for your business
A well-planned maintenance management strategy is crucial to running any business the right way. It deals with running regular functional checks, scheduling servicing events, and installing all replacements in a timely manner.
If you’re wondering what the fuss is about big data and how it applies to your business, you’re not alone. We all know data is a powerful tool for any company, but what makes big data different? Oracle defines big data is any data that contains a greater variety arriving in increasing volumes and higher velocity. That sounds pretty confusing on its own, but it’s simpler than you think.
Businesses use different kinds of assets to run their daily operations. Each department has its own set of inventory circulating within and sometimes, across its team. Not keeping tabs on the movement of your assets can gear you towards a management disaster.
What is inventory control and how is it implemented?
Maintaining rock-solid inventory control is the key to running any business. Several tasks, ranging from procurement and warehousing to final disposal, come under the domain of inventory control.
Since well-regulated inventory is important for running smooth operations daily, stock control should be a top priority for businesses. If implemented the right way, it can greatly boost operational efficiency.
Why is a barcode system essential for your business?
Keeping a track of your inventory while it passes through different stages of the supply chain is crucial to running your business seamlessly. Although many companies still rely on manual methods and guesswork for tracking their assets, using automatic programs for asset tracking can really nudge out inefficiencies.
Radio Frequency Identification (RFID) is the use of radio waves to read digital data coded onto tags. The scanned information can then be added into a business’s database for further use. RFID works under the banner of Automatic Identification and Data Capture (AIDC) mechanism.
By automating the data entry process, it minimizes the need for human intervention in daily business tasks. Using RFID scanners eliminates human errors, increases the accuracy of data and allows for improved decision making.
RFID technology generally consists of three components: a tag/smart label, a reader, and an antenna. The tag embedded in a particular asset transmits radio signals to the reader. Each reader has a processor that converts radio signals into a digital form so the data can be uploaded onto the company’s database.
Types of RFID Systems
There are two ways to scan and process radio signals depending on the location and configuration of the RFID tag.
Equipment is critical to daily completion of tasks in any business. Be it the construction sector or the entertainment industry, companies have a multitude of assets. These could range from low-value items for everyday use to capital-intensive machinery. However, you can’t just let all this stuff go haywire.
To optimize performance and raise productivity levels of your equipment, it is important to devise some well-grounded management strategies.
One of the best ways to keep your equipment up and running is to track its performance across its lifespan. This allows you to keep tabs on changing work requirements and tweak your equipment accordingly to increase productivity. Before we jump onto the best practices, we need to know and overcome a few common hurdles that crop up when it comes to equipment tracking. Continue reading →
The main aim of prompt equipment maintenance revolves around maintaining top functionality and minimizing breakdowns. Maintenance management of mechanical equipment includes repair, replacement and servicing of tools. It ensures their operational viability and prevents fluctuations in the production process.
The evolving nature of many industries is calling out for better equipment maintenance practices. In today’s age, even a minor downtime can lower the overall efficiency of machines and lead to major production losses. Thus, it’s critical for organizations to design a robust maintenance strategy. Continue reading →
Asset management for business – main elements and features
Asset management is a fancy word which essentially just means knowing where all of your assets are and ensuring all employees have the equipment they need – on time and in top shape! In pursuit of this seemingly massive feat, studying asset management trends and implementing the right processes is extremely critical.
Regulating asset usage is a major part of a firm’s asset management structure. Assets require careful attention as they go through the various stages of procurement (or production), usage, maintenance, upgrades, and eventually, disposal. Continue reading →