Physical Asset Management

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Functions

Physical Asset Management

Asset Management involves the processes of planning, monitoring, and maintaining physical assets during their useful lives to an organisation.

For many organisations, keeping accurate records of physical assets, such as asset attributions, configuration condition, valuation, and location, is an ongoing challenge. This, often, is compounded by assets being situated at different geographical locations, inadequate recording of changes, out-of-date asset registers and a poor definition of what constitutes a physical asset.

Asset Register Management

An asset register provides a detailed list of all business assets. It includes details on assets such as location, condition, and owner. The purpose of an asset register is to enable businesses to know critical asset information, such as: the status, procurement date, location, price, depreciation, and current value of each asset.

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Asset Optimisation

Asset optimisation solutions deliver the earliest, most accurate warning of equipment failures and prescribe detailed actions to mitigate downtime or solve problems. Using machine learning, the technology can recognise precise patterns in operating data that indicate degradation and impending failure, well before it happens. The solution can prevent assets from breaking down, making them last longer, reducing maintenance costs and resulting in net increases in production output on any processes, where it is installed.

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How We Can Benefit Your Organisation

Reduced demand of new assets, through demand management techniques

Maximising the service potential of existing assets, through structured maintenance

Establish clear accountability and responsibility for assets

Real-time tracking

Monitoring equipment across multiple sites and locations

Improving production efficiency

Increasing operational output

Optimising the useful life of assets

Reducing maintenance costs and unplanned downtime

Early detection of equipment failures, through Machine Learning (ML)

Solutions

Tailored Solutions To Match Your Requirements

Asset capture and reconciliation services

Asset tagging and tracking

Depreciation and finance management

Asset lifecycle management

Spare parts/consumables management

Fleet Management

Proactive and preventative maintenance

Issue and return of assets, tools and equipment

Asset performance management

Prevention of infrastructure downtime

Management of maintenance-related costs

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We are an Asset Performance and Efficiency partner. We integrate multi-disciplinary strategies of management, financial, economic, IT and engineering, to an organisation’s assets.