Enterprise Asset Management (EAM) software provider IFS Ultimo and global Enterprise Resource Planning (ERP), EAM and Field Service Management (FSM) solutions provider for asset intensive industries Envecon, have entered into a new partnership.
Software Asset Management, Asset Tracking
In software terms, Asset Management is a system designed to monitor, maintain, upgrade and track the movement of company assets. The method by which assets can be tracked are with the use of barcodes or RFID tags. RFID tags are more complex as they have the ability to have information stored and updated (write/re-write facility). RFID tags can also track the location of goods via GPS and also temperature fluctuations of goods during transit. Assets can be Tangible or Intangible. Tangible relates to both Current and Fixed Assets such as stock and inventory and can refer to equipment and buildings. The term Intangible Assets can relate to such things as computer programs, copyrights, patents and company trademarks.
The Role of Mobile Apps in Revolutionizing Field Service Management
Nov 09, 2023
By Terri Knowles, freelance writer.
In the internet age, it’s sometimes easy to forget that customer service sometimes requires an old-school approach. Your clients have a problem, you make a work order, and your field team goes there to resolve it. While this process sounds simple, it could become a proper logistical nightmare, a nightmare that simple mobile apps could solve. With that in mind and without further ado, here’s how mobile apps can help revolutionize service management.
Comcast’s MachineQ extends its indoor asset tracking IoT solution
Jul 24, 2023
MachineQ, a Comcast Company, has announced newly extended capabilities of MachineQ for Indoor Asset Tracking, a real-time location system (RTLS) solution the company launched last year with new asset tracking tags and a space utilisation solution.
Pathfindr develops smart device for IBC monitoring
Jul 19, 2023
Asset tracking and monitoring technology company Pathfindr has developed a new device that remotely monitors the location, fluid level and ambient condition of Rigid Intermediate Bulk Containers (RIBCs) and their contents.
The Growing Importance of Asset Tracking and Management in Business Operations
Mar 30, 2023
By Fraser Spence, freelance writer.
Discover the latest trends and innovations in the asset tracking and management industry, and how it can help businesses achieve greater efficiency, cost savings, and profitability.
IFS Ultimo extends operations to Australia through a partnership with InfoConsulting
Mar 15, 2023
IFS Ultimo and IT services and solutions provider InfoConsulting have signed a reseller agreement to help Australian customers benefit from IFS Ultimo’s Enterprise Asset Management (EAM) platform.
How smart sensors prevent thieves from going off the rails
Feb 08, 2023
By Matthew Margetts, Director at Smarter Technologies.
Cable theft costs the UK taxpayer millions of pounds each year—and that’s just for infrastructure repairs. The total cost to the economy is even higher.
Hexagon partners with Scada Systems to offer the Elecdes Design Suite serving the industrial electrical market
Jan 09, 2023
Hexagon’s Asset Lifecycle Intelligence division has entered into a partnership with New Zealand-based Scada Systems, Ltd., the provider of industrial solutions for power generation and transmission as well as other markets. The companies will cooperate to reaffirm their position as industry leaders in electrical design for industrial applications.
The computer says it’s there – but where is it?
Apr 20, 2022
RFID’s ability to track items can revolutionise production and logistics. Munzi Ali of CoreRFID shows how five leading manufacturers have enhanced their operation. A major challenge in manufacturing and logistics is keeping track of assets – from components or raw materials to the finished goods.
5 Technologies the Supply Chain Industry Cannot Avoid in 2021
Mar 03, 2021
By David Bennett, freelance writer
Technology can turbo-charge supply chains in many ways, but only if you are willing to stay on top of the latest trends and embrace the ones which promise to deliver the biggest advantages. With that in mind, here is a look at the key tech breakthroughs that should be considered essential for the industry this year.
Asset Management, Asset Tracking.
Asset tracking & management software is implemented to control all aspects of an asset’s life cycle from purchase to disposal. Asset tracking & management software enables you to track valuable assets, from software and IT assets, to vehicles, tools, medical equipment. It can be used for managing assets across a number of industry sectors in manufacturing, Oil & Gas, government, education and healthcare.
The software can be standalone, client server, cloud , web-based and offered on a subscription basis. Asset tracking primarily uses barcodes and requires complimentary hardware such as a mobile computer and barcode scanners, bar code printer and mobile asset tracker software. The tracking method can, however, be adapted for use with RFID, Smart Cards, Serial Numbers or any other unique identifier.
Once the bar codes have been printed and fixed to the asset, the auditing, tracking management and maintenance can commence. The result is that at the end of an audit, you can immediately print out a list of all items that are missing allowing maximum time to find misplaced assets.
Asset tracking software can integrate into a WMS (warehouse management software) and monitor service contracts and schedules. The software can also assess current values of stock and calculate depreciation value for single or multiple items or batches. With asset tracking software, you can accurately account for all assets across each store, facility and the lifecycle of each asset, from procurement to retirement, with real-time data available on-line via a browser. Mobile asset tracking can be performed by using an app on any smart phone or tablet and are available as a SaaS solution (software as a service) lowering the overall costs associated with hardware purchases, server maintenance and software upgrades.
Inquiries can be performed based on description, category, SKU (stock keeping unit), purchase date, location or other variables, with reconciliation against manifests made possible to identify quantity or other variances.
Assets can be tracks according to division, department, employee, contractor or other category. Automated data acquisition is built in with support for barcode scanning, RFID tagging, graphical mapping and global positioning system (GPS) integration, which allows you to pinpoint exact coordinates for anything you need to find wherever it is located.
In field service applications, works orders can be created and maintenance tasks can be scheduled. Reminders can be sent via email and SMS to the relevant contractors/maintenance personnel to remind them to complete scheduled as well as to notify them of overdue work orders and tasks. Notes, images and other data can be attached to the work orders and tasks providing an invaluable management system.
Software Asset Management (SAM) is a best practice incorporating a set of proven processes and procedures for managing and optimising an organisation's IT assets. The goals of SAM are to reduce information technology costs and limit business and legal risk related to the ownership and use of software. SAM technologies track license expiration, thus allowing the company to function ethically and within software compliance regulations
