Key Takeaways: Check-in/out software boosts efficiency and prevents asset loss. 81% of construction businesses use mobile platforms to aid their projects. QR code scanning simplifies and speeds up check-in/out processes. Real-time GPS tracking increases asset recovery...
Key Takeaways: Asset optimization focuses on improving the existing assets’ performance, availability, and value. Optimization strategies increase equipment uptime by up to 25% and extend asset lifespan by 20–40%. Using asset management software for optimization...
Key Takeaways: When an asset’s repairs exceed half the replacement cost, it’s best to replace it. Holding on to aging equipment too long increases repair risks, drives up costs, and drags down productivity. Asset’s condition and market factors guide your...
Key Takeaways: Maintenance logs are usually managed within a single spreadsheet or software system. Well-kept logs reduce unplanned equipment downtime. 60% of fleet managers still rely on spreadsheets and 52% on paper forms for maintenance tracking. Keeping...
