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Asset Management

Keep Your Production Line Running: Use Fixed Asset Tracking

By Dr. Alex Wong
January 22, 2024 • 3 min read
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Keep Your Production Line Running: Use Fixed Asset Tracking
Home 5 Asset Management 5 Keep Your Production Line Running: Use Fixed Asset Tracking
Production line equipment can be quite costly. Having the right production line equipment is crucial as it ensures that you can keep the line running at all times. However, even when you have the right equipment problems can still be caused. Things can break down, delays can occur, and you may even run out of supplies. While the lack of supplies is not directly caused by the production line, it can create huge issues. The great news is that all of this can be resolved if you use a fixed asset register. 

Let’s take a close look as to why having this type of asset register can make all the difference.

Have An Effective Maintenance Schedule

One of the main things that an asset register can help with is the maintenance schedule. When you have a schedule such as this, your equipment could be in better condition. Imagine being able to have a schedule for all of your equipment. You and your maintenance team could receive an alert when some machinery, for example, needs to be looked at. The alerts can arrive at your chosen intervals so everything is examined quickly. A direct consequence of this is that you will have a production line that runs more smoothly. This can only be a good thing as it means fewer things can go wrong. 

Did you know that should something go wrong you can alert your maintenance team via the register app? When you do, the team can deal with the problem sooner rather than later.

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Successfully Reduce Downtime

When you have an effective maintenance schedule you can reduce downtime. You have no doubt experienced those occasions when at least one line has been down. A result of this means that orders may not be fulfilled as and when you please. In fact, there’s always a chance that deadlines may not be met. This is where using a fixed asset register can come in and make a real difference. 

We have already seen that using a maintenance schedule means everything is in better working order. When everything works well you can say “goodbye” to regular downtimes. In other words, your production line is much more likely to work well, more often.

Closely Monitor Inventory Levels

Did you know that one of the perks of using a fixed asset register means you can monitor inventory levels? You can see what you have in stock and even where it’s stored. You could ask your team to order stock when you notice you’re running low. Alternatively, you could let your register software do it for you, saving you time.

Efficiently Organise Your Warehouse

With the help of a fixed asset register, you could efficiently organise your warehouse. You could even see if a team member has removed an asset from your warehouse. In addition to this, you could locate your assets/stock much more quickly using the location tracking software. This feature could be embedded in your asset tracking software, depending on which brand you use.
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Keep Production Line Equipment And Supplies Secure

Regardless of which industry you work in, it’s likely that you’ve noticed supplies going missing. Whether it’s team members or contractors taking your supplies, it has an impact on your business. The great news is that when you use a fixed asset register you can track everything. You could see where your supplies are and who has them. You could see whether they are located in your warehouse or if someone has taken them. 

There may be occasions when supplies get lost. However, when you use tracking software you can locate them. This is thanks to the QR code or barcode that you affix to your supplies. You can keep everything more secure. What this means is you may not have to spend too much replacing lost or stolen assets or supplies.

Enjoy Receiving Real-Time Updates

When you use asset register software to its full advantage you could receive real-time updates. You could see how much stock you have, whether orders are complete, and what you’re working on next. All of this data, and so much more could be readily available to you. Depending on the asset register software you use, you could export all of your data. You could have reports in front of you, showing you how things are going. 

Accessing the updates via laptop, tablet, desktop computer, or smartphone may be possible. It’s these updates that could be exported and printed off. When you have the ability to do this, you have the ability to see whether your business is running effectively. Keep your production line running by using asset tracking software that works hard for you. 

Wish to chat with a fixed asset register expert about keeping your production line running? Contact us at team@itemit.com. 

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Dr. Alex Wong

Article by

Dr. Alex Wong

Dr. Alex Wong is the CEO & Co-Founder of RedBite Solutions, a spin-out from the University of Cambridge and creators of itemit.For more than 2 decades, Alex’s innovations have disrupted industries and reimagined traditional solutions, delivering breakthrough results.A pioneer of the RFID EPC Network and IoT, Alex has shaped modern tracking technologies. RedBite powers the world’s largest RFID deployment across 60+ countries and launched itemit, a leading barcode, QR code, GPS & RFID SaaS tracking platform. Dr. Wong holds a PhD in Engineering from Cambridge and remains an embedded researcher, leading EU & Innovate UK projects to bridge research with real-world applications.

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