Tips For Lengthening Your Asset’s Life

You need to take good care of your assets. From the moment you purchase them and throughout their lives so they last as long as possible. However, all assets fail, are lost, or get broken. The good news is that you can help to lengthen your asset’s life. You can do this by using methods such as pre-emptive maintenance. 

Read on for some suggestions that can help.

One of the best and easiest ways for you to take care of your assets is to track them. When you opt for some reliable asset tracking software, you’re in good hands. Ideally, the software you choose will let you track your assets 24 hours a day. Regardless of where you are or what device you’re using, you should be able to locate your assets quickly. 

Affix an RFID tag, barcode, or QR code to your assets and create a digital profile. Let this profile help you to track assets and make use of a range of features. Some software allows you to plan for pre-emptive maintenance, lets you export reports, and more. Just make sure you opt for tracking software that’s reliable and modern. If you do, you’re onto a winner.

Another really useful and easy way of looking after your assets is by assigning them. When you carefully assign assets to the right people, you know they’re in safe hands. 

The people you assign the assets to will be aware that you track the assets. Automatically, this means that they will be taken care of. Additionally, when you assign assets it means that no one else has authorised use. This feature ups the security level instantly. It means that assets may not be stolen or get lost. It also means that they may be looked after a little more. While they may still need to undergo yearly or quarterly pre-emptive maintenance, for example, they could be in better condition. 

Did you know that when you assign assets you can see who is using which assets and where they’re located? 

When you assign assets upon request you start to build a picture of which department needs what. This picture, as such, comes in the form of data and you could export a report. Depending on the tracking software you choose, this feature can prove to be extremely helpful.

It goes without saying that you want to take care of your assets. This is where pre-emptive maintenance comes in. Maintenance such as this allows you to get on top of issues before they become a real problem. 

In other words, you can set up a maintenance schedule so everything is looked after. Remember when we talked about creating a digital profile for each of your assets? When you do this, you’re given the opportunity to set up reminders. These reminders can be maintenance reminders. 

Set up in accordance with how often you wish your assets to be checked out, maintenance reminders are a great idea. They help you to lengthen your assets’ life with ease. 

Set up a reminder for each of your assets. Be sure to send an alert to your maintenance team so they know what’s what. As soon as they receive the alert they can add the asset to the maintenance queue. With any luck, your assets will be checked over and repaired (if necessary) quickly. It’s these repairs that also help you to lengthen the life of your assets.

We have already looked at you tagging all of your current assets. However, you also need to make sure that you tag any new assets. When you do, you give yourself the opportunity to take more care of them. 

It can be difficult to know when new assets arrive. So, ask a member of your team or two to alert you when this happens. You can then add the asset to the system and create a digital profile. Make sure you also create a schedule so that pre-emptive maintenance is organised. With any luck, it will be a while before new assets need to be repaired. However, it’s always worth adding them to a digital profile just in case. Doing so also means you can track the location of each asset. This can only be a good thing. 

It is perfectly possible for you to lengthen the life of your assets. The great news is that you don’t need to do very much to achieve this. Simply track your assets, add a tag, assign assets, and set up maintenance schedules. When you do all of the above you can easily lengthen the life of your assets. 

Would you like to chat with an expert about using pre-emptive maintenance to lengthen your asset’s life? Contact us now at team@itemit.com.

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