How Using Real-Time Asset Management

Keeps You Ahead of Your TPM Competition

Tracking assets in real-time provides benefits for businesses of all sizes. It allows you to monitor assets throughout your organization and helps you stay ahead of your total productive maintenance (TPM) competition. 

Real-time asset management reduces costs with real-time data that you can use in various ways. When an organization has invested a substantial amount of its budget into assets, these assets are essential for the business’s day-to-day operations. If one of these assets is unavailable because of unplanned maintenance or loss, it can harm the company.

By using automated discovery tools, asset management software can be kept up-to-date with real-time data. This data offers several benefits to an organization, including:

Compliance management: if you don’t know what assets are in your IT infrastructure, how can you possibly know if you are compliant? When assets move from one person to another, these changes are typically not noted with IT, and assets are moved without their knowledge. Using asset management guarantees IT will know about the changes and have a better understanding of how these changes can affect the business. 

Asset Management: with real-time asset management, you can understand a device’s utilization, compliance, dependencies, and life-cycle performance. You will know which devices you have versus which ones may be ready to retire. You can use this information to inform compliance. Management can help prevent assets from being lost or stolen. When companies are aware of the location of assets, it can help them identify a theft or locate items that are missing. 

Risk management: when an organization uses real-time asset management to maintain a list of current assets, it can help reduce the risk from end-of-life vulnerabilities and ensure compliance. Asset management software can minimize the risk for the entire organization.

Monitoring: while monitoring software is good, sometimes just having notifications and alerts from a monitoring tool is not enough information. Monitoring software typically relies on manual feeds. This can be expensive to maintain and often is not synchronized across the organization. Using asset management software can provide better information and give more context to that information in the assets included. 

Enhance ordering processes: asset management software offers valuable data into the assets you have. This could include inventory management as well as counts of existing stock. Having this information can make your order process more efficient since you won’t be ordering duplicate equipment.

Extending the life of assets: using scheduled maintenance will help extend the longevity of assets. It can also make employees more productive.

Improve workflows: by reducing the need for manual asset management, you can improve the workflows in your organization since you no longer need to have someone manually keep up with asset availability, make manual updates, and search for relocated, lost, or misplaced items.

Save time: asset tracking will decrease the workforce required within your organization to keep the information up-to-date. This information will no longer require manual checking and entry. Asset management software can help you save both time and money, as well as ensure the availability of assets because you know where they are and their current status.


Keeping You Ahead

As you can see, using real-time asset control will help you keep ahead of your total productive maintenance (TPM) competition. It offers compliance, asset, and risk management, monitoring, and more. ChannelView is the tool you need for real-time asset management.

Set up a demo with one of our experts to talk more about ChannelView.