Capital Assets are critical to most organisations; every day customers want to gain more value out of capital equipment and plant. Businesses need to minimise unplanned downtime so that productivity can be maximised with the capital assets. With a robust Capital Asset Management Solution, organisations can have complete visibility across their asset inventory to make financial and operational decisions that optimise performance throughout the asset lifecycle from acquisition and daily use, to scheduled maintenance and retirement.
As the pressure on profit margins continues to intensify, organisations need to get the most out of what they already have. This means finding new and innovative ways to extract value from plant and equipment – keeping them running as efficiently as possible. Most importantly, it requires being able to truly see each asset’s operations and financial performance to make profitable capital investment decisions.
With a fully integrated Capital Asset Management solution as part of an ERP solution, organisations will have instant access to key information – such as book value, revenue, cost streams, utilisation rates, location and depreciation as well as procurement, project utilisation and service and warranty management.
Organisations will have the visibility to schedule operations and machine servicing. Planners can monitor repair history to determine patterns of equipment wear so that replacement of parts or overhauls can be scheduled before equipment failure causes machine downtime and work stoppages. System tracking of equipment performance also simplifies long-term capital investment planning by identifying machines and parts that must be upgraded or replaced.
With the system creating preventative maintenance schedules based on thresholds that have been defined (based on meter readings, hours used, kilometres driven, specific dates or time intervals), Capital Asset Management can schedule maintenance around production needs for minimal disruption to the business.
Capital Asset Management solutions provide enhanced visibility into financial and operations performance. They enable businesses to maximise return on investment for physical assets so they perform better, last longer and cost less to maintain. No matter where each asset is in its lifecycle, Capital Asset Management can help track and understand the real cash flow implications of the assets’ operational performance.