webbanner optimization Asset Management

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Asset management and tracking are important activities for many organizations and can extend across many different departments, management levels, and locations within an organization. Yet a significant number of enterprises are still using manual asset tracking methods despite the potential consequences of improperly tracked assets: shutdowns, delays, and rising costs. The stakes are even higher for enterprises engaged in mission-critical activities like MRO, in which diagnostics are critical and variability is inherent in the system.

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. 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 could well be inaccurate: the result of human input error or improper or missed scans.

The survey highlights a range of concerns associated with current asset management methods, including labor costs and the expenses incurred from the lack of real-time information about inventory and assets in the supply chain. KBSI's asset management research has developed technologies that provide real-time asset visibility, configuration management of technical data, end-to-end supply chain visibility, and the application of proven enterprise architecture methods and solutions.