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Innovative Asset Management
Asset management and tracking is a significant challenge for many organizations. The failure to properly identify an asset can, in some cases, trigger a shutdown to re-certify equipment, causing long delays and large expenses, both direct and indirect. This is especially true in mission-critical activities like MRO, where diagnostics are central and variability is inherent to the process. Despite the consequences of failing to properly track an asset, however, a number of enterprises are still using manual asset tracking methods.
According to a study conducted by real-time locating system (RTLS) vendor WhereNet [Bar Scan], 78% of companies reported that operations personnel perform at least one search per day for assets, with 25% reporting more than 10 searches per day; 64% indicated that search times to locate each item were 30 minutes or longer.
The survey, completed by 146 operations managers, engineers, and IT executives, found that 84% of respondents still use manual asset tracking techniques. More significantly, 100% of respondents admitted that their data capture information was inaccurate: the result of human input error or improper or missed scans. Similarly, 100% of respondents reported that the latency associated with current inventory systems resulted in errors in the location of inventory. Respondents also reported that their companies write off $500,000 or more in annual losses as a result of lost assets or inventory. The survey highlights a range of concerns associated with current asset management methods, including significant labor costs and the expenses incurred from the lack of real-time information about inventory and assets in the supply chain.
KBSI offers a number of asset management capabilities:
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Real-time asset visibility |
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Configuration management of technical data |
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End-to-end supply chain visibility utilizing a variety of software tools |
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Employment of enterprise architecture expertise |
The capabilities and technologies listed below highlight KBSI's experience in designing and implementing asset management solutions.
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