Reasons for Using Asset Traceability Software

 

Many companies are using asset traceability software because spreadsheets for asset management can be inefficient and time-consuming. Asset tracking technology is a digital and centralized system that allows your company to track important details in real-time. This improves service, reduces administrative costs, and gives greater visibility into asset usage, costs, and maintenance. 

Features of Asset Traceability Software

Using asset tracking New Zealand software allows you to store vital details and take the necessary actions. You are able to: 

·         Know the total cost of ownership during the lifecycle of an asset

·         Create transparency with role-based dashboards in real-time

·         Add manuals, warranty info, or photos to the asset profile

·         Assign, categorize, and prioritize, service tickets on assets

·         Perform essential preventative maintenance on operations

·         View and track asset by type, assignment, contract details, and location

 

Asset traceability can help your organization through these ways: 

Track everything. With an asset tracking New Zealand solution, your business can track any number of assets in a single location. Each asset comprises a detailed profile that includes everything you need to know about a specific asset, including product guides, contract terms, pictures, and key contacts. 

Generate customized reports. You can quickly and easily create reports with asset traceability software, including asset location, utilization and cost reports. Managers may include in the reports the contract terms, maintenance, or lease information, and set notifications about contract expiration. 

Access information anywhere. Asset traceability solutions typically come equipped with a mobile app that you can use to confirm asset information wherever you are, even if you are away from the office. You can search by type, owner, location, serial number, and edit files if needed. Also, you can take pictures of an asset, scan information through a barcode scanner, etc., from your mobile device. 

Who Needs Asset Traceability Software?

Asset traceability technology is essential to all types of organizations, particularly those relying mostly on assets for operations. For example, manufacturers, fleet companies, construction companies, and airlines need to maintain and track complex equipment and machinery. Equipment downtime can result in lost revenue, productivity, and impact customer relationships. 

Companies using less equipment-heavy industries also need to manage asset performance. For example, a financial services company has dozens of buildings that need to be properly maintained to ensure the safety and comfort of customers and employees. Less visible assets like sprinkler systems, HVAC systems, and water heaters are no less important. If one of these assets malfunctions, you could be putting the health and safety of the building occupants in jeopardy. This is where asset tracking New Zealand comes useful. 

With regard to IT assets like firewalls and servers are also critical when it comes to protecting the data of your customers. Asset traceability is not only for IT leaders, maintenance personnel, and facilities managers. It also helps accounting and purchasing managers in tracking inventory. 

The asset tracking solution makes it easier to determine the useful life of assets. It means you will know which ones are valuable and perform well, and which ones are costing you more money than they are worth. No matter the size of your business or your asset management requirements, make sure you have an asset traceability system in place.