How to Increase Construction Equipment’s Lifespan

Equipment tracking works by attaching physical asset tags or barcodes to physical assets. This enables the equipment to be tracked as each time the barcode or tag is scanned, the location of the asset is automatically updated in the online asset register. The type of tag you choose depends on the application but they all achieve the same outcome: letting you know where your asset is and how it’s behaving. With the addition of asset tracking software you can store all the relevant information about your assets, such as location, contact information, owner, and maintenance history, in a centralised online system.

As a result, you receive handy notifications when an asset requires servicing or maintenance as well as the cost and utilisation of your equipment assets. With itemit you can build preventative maintenance strategies by setting monthly, bi-monthly, quarterly or annual maintenance schedules or use your own schedules. This results in fewer unexpected problems and the foresight to make them fit around varying schedules.

Keeping an up-to-date record of your assets means maintenance happens when it needs to, without the risk of further depreciation. With effective use of the equipment tracking businesses can gauge when an asset will reach its optimal peak performance and analyse how long it will remain useful. This allows business to make better procurement decisions, maximise the efficiency of equipment, and reduce needless spending costs and maintenance. This data-driven approach to asset management ensures construction businesses get the most out of their assets and can use them for as long as possible.

To find out more about itemit’s equipment loan software and how it will help you, you can contact our team at team@itemit.com that’s always happy to answer your queries. You can also fill in the form below to start your 14-day free trial.