28 August 2009
A Study Shows that Managing Your Assets Is Becoming More Important
Posted by articleranks under: Money .
Companies all around the world are being affected by the current global recession, managing your fixed assets UK and using them to get the most money out of them is being more imporant than ever before. A large number of companies are seeing that asset management is becoming more vital within business as every company attempts to get the most from their business assets.
This need for more efficient asset tracking UK has led to more companies using real time solutions to manage their assets. By knowing the latest information about your assets, you can make informed decisions to avoid making poor deals. It has also led to more companies using asset management services like reliability centered maintenance (RCM) or condition based maintenance (CBM).
RCM is a method of managing your assets to make sure that they don’t fail and effect the earning of the business. RCM finds out how the item is used within the company. It then finds out how the equipment can fail and how it would effect the company. Finally, it then looks at how these failures can be avoided.
The Aberdeen Group has released a study named “Asset Performance Management: Driving Excellence Though a Reliability Approach in Real Time”. The study looked at companies and ranked each of their using three different factors: overll equipment effectiveness, complete and on-time deliveries, and unscheduled asset downtime. The study found that the best companies managed a 89% equipment effectiveness, 97% complete and on time shipments, and finally only 2% unscheduled asset downtime.
The study also discovered how a wide range of techniques were normally used by the top companies to ensure they get accurate data from their assets. There are a range of different technologies that were found to be most popular with the top companies. It was found that many companies would invest in more advanced managing techniques like remote monitoring.
These technologies aid companies with getting the latest asset information to help their employees make informed decisions. This means that those companies can then make business decisions based on the imformation received from their assets. It also allows the companies to see how the impact that their assets have on their financial earnings.
The requirement for different methods of asset tracking has led to companies offering different types of asset accounting UK software to try and help you sort the data you received from the assets.
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