Why Electrical Contractors Need Fixed Asset Tracking & Management Software?

Asset tracking management software is practically very beneficial for the business of electrical contractors. The software assists them to untangle their business operations and transform the disordered curve of a threat to a positive curve.

Advanced computational ways in facility asset management software can help electrical contractors to save money, mitigate risk, and enhance the reliability of their vital assets.

Asset Management for Electrical Contractors is important as it can provide several benefits to them.

Other industries subsumed the ordinary method of measuring the critical of an asset however the normal method of asset management could be impractical for transmission and distribution in an electrical system, as it consists of thousands of assets that are continually being tested, serviced and replaced.

With Asset Infinity, a team can separately evaluate all the ways in which asset can be tracked and thereby unleash the asset productivity in a more efficient and precised manner.

Typical Asset Management - Up to Now

Earlier there were not any preventive maintenance management apps, that's why the contractors have to create the asset health management plans of their own.

Also Read: How Self-Audits Can Ease Asset Physical Verification?

Plans turn into the engineers hiring and maintenance workers, largely on the basis of their experience, when & how the asset should be managed and serviced.

The daily activity of tools asset tracking has mostly been a matter of maintaining and replacing assets according to the fixed schedules that might have been established a long ago.

Such a sort of routine has endured for several reasons as it is easy to document and reports to an analyst, simple to implement, and highly predictable.

Drawbacks of Earlier Ways for Asset Management

Managing of assets in the way discussed above has evident drawbacks.

• The constant style of management worsens the quality of the output. Implementing a software approach to asset and CMMS maintenance management software.
• With the advent of technologies and innovation, contractors can oversee electrical assets more proficiently.
• Specialized gadgets, movement tracker, consumable inventory management, asset requisition permits the asset articles to be followed and controlled remotely have turned out to be progressively moderate and dependable.

How Asset Management for Electric Contractors Is Helpful?

Asset management for electric contractors is very helpful. Electric contractors have their own pieces of equipment asset management is helpful in maintaining them. It provides several benefits such as asset maintenance, keeping track of assets, minimizing maintenance expenses, and so on.

Effective asset management saves from unnecessary expenses and keeps track of inventory required for insert maintenance. It makes employees more productive and efficient in order to deliver efficient work.

Asset Infinity Tracking Software: The New Model

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So, the Asset Infinity tracking software has features for handling, deciphering, and responding from the presentment. This approach makes it feasible for electrical contractors to manage assets and to adopt the new model, mastering the authorities to set support plans for streamlined and systematic fixed asset management.

Contractors, who want cost-effective management solution, might use emergency asset tracking to identify routine procedures, particularly for assets that are more valuable, and to keep on their assets in service for a longer time.

Maintaining the asset health includes its performance, points from a tracker, records of usable performance, and the required data to which the asset was assigned.

Applying these techniques can reduce the cost of maintenance by 10 to 30%, depending on the asset category, while keeping the reliability concerns. Such software ways can be implemented with a wide range of electrical plan projections.

EndNote:

Asset Infinity is the leading asset management software and app provider. It enables electrical contractors for asset management and to track your assets using Barcode tagging, QR code tagging, RFID tags tracking, NFC tracking.

There are more features such as Auditing of your assets & Physical verification, Maintenance management, Utility Monitoring, and report on the equipment you can use from anywhere, at any time. Asset Infinity offers a free 14-day trial - no credit card required!

Read More: Enhancing Productivity by Keeping Track of Spare Parts

Frequently Asked Questions (FAQs)

1. What Are the Main Asset Tracking Technologies Available in the Market?

There are lots of asset tracking technologies available in the market such as barcode, QR code, RFID, GPS, BLE, NFC, IoT. These technologies have their own advantages and disadvantages, for instance, bar code is cost-effective technology but does not provide real-time information. NFC has a limited scanning range, but it is very quick. RFID technology can scan multiple items at once and so on.

2. What Are the Benefits of Asset Tracking Software?

The benefits of asset tracking software are it provides real-time information and eliminates the manual process and emphasizes automating the process. Most importantly asset tracking software helps in asset tracking therefore Organization does not have to keep track of assets manually. When you get the real-time location of your assets it saves assets from theft and misplacement as well. Asset tracking is very helpful in asset maintenance as it alerts the team about asset maintenance. This software comes in handy when an organization is equipped with lots of assets it keeps track of each asset tracking. It can be done for various purposes either saving assets from theft or for maintenance.

3. What Are the Various Types of Asset Maintenance?

Asset maintenance comes in various forms but mainly it can be divided into 2 categories. One is proactive maintenance and 2nd is reactive maintenance proactive maintenance Is that maintenance in which answers are provided maintenance before failure occurs Whereas reactive maintenance is done after asset failure occurrence. Lots of organizations believe that reactive maintenance is cost-effective because you do not have to invest in assets regularly but in the long run reactive maintenance more money is spent on maintenance compared to Proactive maintenance. proactive maintenance minimizes asset failure chances and increases asset reliability whereas in reactive maintenance acid failure chances are more.