Key Takeaways: Choosing the right tracking technology depends on asset mobility and work environment, required tracking precision, and budget. Only 37% of U.S. construction companies centralize their data, creating blind spots that hinder audits and decision-making....
At first glance, Apple AirTags look like an efficient solution for tracking business assets. They’re relatively affordable, sleek, and easy to use. But are they truly well-suited for commercial environments? In our view, there are more effective options—one of which...
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: Asset identification boosts workflow visibility and leads to better equipment utilization and productivity. Labeling frequently stolen tools with unique IDs deters theft and increases the chances of recovery. Linking assets to maintenance logs and usage...
Safety inspections are fundamental to workplace safety. This is especially true in industries where hazards are present, as inspections help identify potential risks, enhance safety protocols, and ensure compliance with regulations. Take the following steps and ensure...
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...
