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Inventory must always be available in the stock in order to ensure effective maintenance execution. The maintenance team often lacks inventory when performing maintenance, so the strategy is not effective.
Fremont, CA: A large and vital sector of the economy is the utility sector, which serves not just the needs of individuals, but also those of businesses. Utilities include electricity, gas, and water services, all of which are essential for organizations.
A significant area of concern for those who work in the utility industry is asset management. In addition to power stations, gas pipelines, water purification machines, and other critical equipment, they have expensive assets in large quantities. It is important that their utilities are monitored in order to ensure the safety of their clients and employees.
There is no doubt that this is a huge and challenging task! As a result of a lack of real-time data, field staff is required to track each asset, which can consume a great deal of time, resulting in issues being overlooked. Utility asset management benefits can be achieved through asset management software.
What are the benefits of utility asset management for organizations?
Organizations benefit from utility asset management in many ways:
Field Staff Access Information in Real-Time
In addition to having real-time access to data, technicians can also store data in real time. This will allow managers and other team members to speed up the process. In addition to that, they can also know things like:
• Condition of asset
• Asset location
• How frequency assets being used
• Maintenance records & history
Using the asset management mobile application, field officers can connect & access data remotely. For field officers, the ability to see real-time information is very important, as if they don't have it, they will have to work in a reactive manner for maintenance.
It is well known that being reactive can be costly. For a better outcome, it should be avoided.
More productivity is achieved by tagging assets.
It is possible for assets to be tagged with GPS (global positioning system) chips, BLE (Bluetooth low energy), or IoT (Internet of Things) chips. Other asset-tracking technologies are also available, but the mentioned technologies are more effective for tracking assets in real time. Utility companies benefit from them because they can predict when assets need monitoring and servicing.
By using any of these technologies, chances of equipment failure are reduced, and overall maintenance expenses are reduced. Data is kept track of by tags, which are proactive. Analytics can be performed on the data, and benefits can be derived.
Inventory must always be available in the stock in order to ensure effective maintenance execution. The maintenance team often lacks inventory when performing maintenance, so the strategy is not effective.
It manages inventory, so it keeps track of it. After a defined level of inventory is reached, the system alerts and notifies the responsible person so that the refilling of the stock can begin.
