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E Q U I P M E N T
M A N A G E M E N T
Machinery & Equipment MRO
June 2022
HOW EQUIPMENT MANAGEMENT SYSTEMS CAN IMPROVE OPERATIONS Equipment management systems help track and manage the tools and small equipment used in daily operations. Managing equipment maintenance and expenses in a cloud-based software maximizes asset efficiency and improves your return on investment.
Equipment management: spreadsheets vs cloud-based management systems
Small equipment and power tools can be as critical on the job site as company vehicles. Many fleets rely on a variety of small equipment to serve their customers. While some fleet managers only think about tracking vehicles, tool and equipment management can be just as important to your fleet’s efficiency and bottom line. An equipment management system helps ensure tools are in safe operating condition to avoid downtime, accidents, and costly
replacement purchases. Using a spreadsheet to track tools, small equipment and their usage allows an opportunity to identify problems and act before equipment fails. In addition to helping ensure proper maintenance, you can log asset assignments to help keep teams accountable. A robust equipment management spreadsheet can help track inventory and operational status, historical usage details and purchase and warranty information. Spreadsheets may not work for everyone, especially if you have a growing list of tools and equipment, as it can of-
ten be difficult to monitor assets in real time. It’s also difficult to view real-time metrics, and manual data entry often results in miscalculations. Even paper inspection forms lack efficiency. Aside from slowing down your team’s workday, issues can’t be communicated instantly, often resulting in compounded problems and costly repairs. Cloud-based equipment management systems track job-critical assets in a centralized software, automating the manual tracking process to free you up for more important tasks. With information stored on a single platform,
Photos: Fleetio
BY RACHAEL PLANT
