If you came to this article on Google’s recommendation, for example, it was thanks to a machine learning model that identified similar search algorithms and suggested this and other related content because it considered it relevant to you.
Another important point on the topic of machine learning is that with Industry 4.0, it is inevitable not to rely on technology for more assertive and differentiated management.
The information needs to be accessible to managers from different interconnected areas, supervisors, and directors, in short, whoever needs such data for their activities in the company.
Therefore, it is essential to have specific tools for this purpose. Two tools that have this functionality are CMMS and EAM software. Continue to understand the reasons for using technology in asset management.
What is asset management?
Asset management is the process of monitoring and managing assets, which are the tangible and intangible assets in a company, from equipment and machinery to property and financial investments. As our focus is on maintenance, we will focus on tangible assets, which are assets of a permanent nature.
When we talk about an asset’s life cycle, it refers to the moment of its acquisition through its last breath, that is, its disposal. Therefore, maintenance management outlines strategies for this asset to work in optimal conditions.
What are Asset Management objectives?
The maintenance manager always looks for the best techniques and strategies to increase the assets’ lifespan. A good manager needs to know:
- The amount of assets in your company;
- Controlling its life cycle to predict its end of life;
- Be aligned with the engineering and maintenance team of your assets for effective maintenance management, among other issues.
Asset management should be centralized in 3 topics:
- Performance;
- Costs;
- Risks.
Why Does Technology in Asset Management Matter?
We are in an unbridled race in the market, and more and more companies are updating themselves so that they do not simply survive but that they are in a prominent position. Therefore, one should not neglect to control their assets, as they make up a considerable portion of monetary value for your company. Especially if your asset is the means of income for the production of your industry.
It’s important to maximize the value of your asset by keeping all your performance records. Therefore, having software that specializes in the subject will facilitate the process.
Not to mention that good management of your equipment, in addition to prolonging their life, will bring benefits such as:
- Increased reliability of your machines;
- Cost control;
- Increased machine productivity;
- Increased safety for machine operators;
- Increased profitability of the company, among others.
How do you choose a management tool?
To assist your company in asset management, count on a tool that offers reliability and flexibility and helps optimize your costs.
Reliability: the tool you decide on must be reliable because you are depositing the entire history of your company in one software, it is necessary to count on serious and specialized companies.
Flexibility: with the wide variety of technologies and specialized tools on the market and with machine learning, cutting-edge tools will certainly emerge that will predict and further increase your equipment’s lifespan. Having flexible tools that integrate with other software is a differential.
Cost reduction: in addition to all the benefits of taking care of your assets, you will have a reduction in the cost of unscheduled maintenance, and you will have an increase in production that will generate more profits for your company.
Engeman® solution is CMMS and EAM software and has been on the market for over 25 years. It is known for being a flexible tool and allows the centered management of your business, enabling the optimization of processes and optimization of maintenance costs. It will certainly be a strong ally in your asset management and incorporation of Industry 4.0.
What are CMMS and EAM software?
In case you are not familiar with the terms, CMMS (Computerized Maintenance Management System) is a Computerized Maintenance Management System, and its main function is to manage the maintenance work orders of the assets.
EAM (Enterprise Asset Management) is a corporate asset management system. Its objective is to optimize the quality and utilization of assets throughout their lifespan. When management is well executed, it increases productivity and machine uptime, which consequently reduces operating costs.
Conclusion
Technology is revolutionizing asset management in many ways. It allows businesses to manage their assets remotely, saving time and resources. Overall, technology is making asset management more efficient, effective, and strategic.
It is important to map the company’s needs and goals to properly choose tools that will assist in management. Next, you need to choose the most appropriate technologies to meet those needs and goals.
It is also essential to have professionals trained to implement and manage these technologies. Thus, your company will be able to obtain significant competitive advantages, increasing operational efficiency and reducing costs.
To learn about a specialized tool that has the flexibility that your management needs to bring reliability to your processes, get to know Engeman®. Our tool is ideal for assertive and effective management. Schedule a demo with our specialized team.
You may find these materials useful:
