Struggling to take complete charge of your construction equipment? A construction equipment manager deals with procurement, usage, management, and maintenance of equipment ranging from expensive heavy-duty machines such as cranes, forklifts, bulldozers, and excavators, to smaller tools and accessories. Tracking such a large and diverse inventory of equipment can be challenging, especially if you are using manual methods.
Asset tracking software and its application in different industries
Asset management is a process that involves maintaining and monitoring assets of a business. Companies have both tangible assets and intangible assets and asset tracking can be applied to tangible assets like company cars, equipment, land, buildings, inventory, cash at bank, cash in hand and even to intangible assets like computerized databases, website, software, domain names, patent technology and brand.
Asset management includes reliability checking, tracking leased and rented assets, performing predictive and preventive maintenance, retrieving and assigning assets together along with business intelligence and analytical features. It enables you to track and record the life cycle of an asset: upgrading, maintaining, operating, deploying and finally disposing of an asset. As soon as the asset is deployed, asset tracking software keeps a record of all its maintenance events and allows an organization to perform regular audits till the asset actually retires.
Asset tracking software can be used by a multitude of businesses and industries like healthcare, IT, education, hospitality, media, nonprofit, government agencies, and many others. You’re familiar with some of the general functions of asset tracking software but how does it read across different industries? Different industries mold and utilize this software according to their functionalities and operations. Below we have enlisted five industries that make use of asset tracking software while promoting efficiency and accuracy in their businesses. Continue reading
According to the Global Construction Survey carried out in 2016, US construction companies are slow to integrate the use of technology within their work projects. The study shows that around half of all construction companies use software programs which are manually controlled. While most companies have endorsed the use of mobile monitoring, 19% do not use mobile technology at all! Additionally, only 30% track equipment and materials on site. These results reflect the industry’s conservatism towards the adoption of new techniques for project management.
The construction industry has a lot of elements to constantly monitor and track. Do we have all the details mapped out and ready to go? Are we accounting for the weather? Are the workers where they need to be? Do they have all the equipment they need to get the job done?
This last question opens up a whole new set of questions. Your inventory needs to be fully stocked, safety gear well-maintained, and you should have all the details of who has custody of which tools! This can be tough to do manually. Spreadsheets tracking small tools can get unnecessarily complicated and messy, and a single incorrect log can throw off an entire year’s worth of calculations and planning. This is why asset tracking software is a boon for tool tracking in the construction industry. Let’s have a look at 5 sweet features you can use to optimize tool management and get things done with a lot less effort! Continue reading