Optimum Asset Management through CAFM Software
With the expansion in the he horizons of an organization, often its payroll, facilities requirements and asset portfolio increases as well. What used to be a very simple range of assets will certainly end up being challenging to manage, especially as more and more classes are added to it. Classes ranging from office equipment to industrial machinery and corporate orporate artwork to fuel stores as well as planning and managing an organization is not an easy job. These days more and more facilities as well as corporate asset managers are turning to computer aided facilities management (CAFM) to fulfill the growing requirements i n their organizations. Traditionally, CAFM solutions were solely utilized by large organizations, with wide portfolios of assets to manage. As providers lower down prices, yet, CAFM is becoming accessible to companies of all sizes. Additionally, organizations in nearly every industry or field get benefitted from facilities management www.xcellonfm.com
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technology as both tangible as well as intangible assets require management. Usually, comprehensive CAFM solutions give significantly more functionality compared to asset management. CAFM Solutions providing asset management functionality offers the following functions: Space and Floor Planning A CAFM system has the capability to plot, track and monitor office space in quasi-real real time to make sure that an organization is using its office and warehous warehouse space optimally. Corporate Asset Tracking In the same way, the management system can keep track of the utilization as well as state of maintenance of corporate assets like computers, security and safety equipments well as furniture. A complete CAFM solution will incorporate this data with a maintenance management system to give scheduled maintenance programs and minimize the response time for unexpected repairs. Resource Planning and Inventory Management By monitoring the movement of resources into and nd out of an organization’s inventory, a CAFM solution facilitates accurate, updated resource planning as well www.xcellonfm.com
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as product surveillance. Additionally, asset values may be tracked to provide updated financial reports on the organization’s inventory. Apart from these individual functionalities, the important thing about a CAFM solution is that asset management gets integrated with the other core functionalities of facilities management. As mentioned earlier, maintenance can be scheduled automatically, the flo flow w of resources can be handled by means of int integration with resource planning (ERP) ERP) systems as well as barcode systems can be implemented in warehouses and on the shop floor to keep track of inventory levels in real time. In the nutshell,, managing an organi organization’s assets employing CAFM has many benefits. Besides optimizing their asset utilization, an organization can also improve their planning strategies and their asset life time by integrating asset management facility along with other core operations.
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