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...
Key Takeaways: Asset identification is the core strategy that sets the tone for successful asset management. Barcode and QR code labels offer a cost-effective way to identify assets and streamline inventory processes. Advanced RFID and GPS tracking systems enable...
Key Takeaways: 40% of fleet managers say system integration is their biggest challenge in going digital. 47% of workers lack proper training on essential apps and technology. Over half of fleet managers still use pen and paper to track operations. Real-time GPS...
Key Takeaways: 78% of companies still use spreadsheets for managing compliance. Compliance can cost businesses up to 50% of their revenue. Keeping track of regulation changes threatens operations for more than 40% of businesses. Automated asset management systems...
