Managing Physical Assets with Enterprise Asset Management

May 23, 2012 12:00:00 AM

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You’re moving forward with a large project and you need to account for the inventory required, but can’t find it. This isn’t uncommon and for manufacturing professionals, but it should be a wakeup call.

We know it is important to organize our assets, but some organizations only properly maintain their non-physical assets, such as finances. If you want to have a complete look at everything and ensure you’re ready with the right amount of physical assets, it’s time to use your enterprise asset management system to organize your physical assets, too.

Let’s look at some of the benefits to keeping tabs on physical assets and why it isn’t optional anymore: it’s essential.

Using Enterprise Asset Management

1. Tells you where everything is – Enterprise asset management helps us track and file products, expenses and documents; it makes sense to use this in a physical sense, too. By using EAM to track physical assets, you get things, like:

Organization of your physical assets – No guessing or thinking materials are available – you already know exactly how much is on-hand.

Establish and maintain operational procedures – Utilizing enterprise asset management for both non-physical and physical assets, you can now easily develop and maintain procedures for them.

2. Mobility – It used to be that you might need to visit physical asset locations, make notes on those assets, then go back to your computer location and input that information. With enterprise asset management integration, that’s no longer an issue.

Now you can physically go to the assets, account for them through innovative apps with a mobile device instantaneously, and cut out the time and expense of handling the same data twice.

3. Plan production– Going on my first point, knowing where everything is works great, but there’s another benefit: planning out your path from design to production.

When you track physical assets with enterprise asset management, you know exactly how much inventory you have and what capabilities are available to carry out task such as quote work, establish timelines and plan out budgets for future growth of your operations.

Going forward, if you’re only managing non-physical assets with your enterprise asset management system, go back and start thinking both physical and non-physical. When you know what’s there, get mobile and have data to plan, you can be sure you will see higher productivity and more cost savings.

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About Author
Luciano Cunha

Luciano Cunha

Chief Executive Officer (CEO) For Luciano, being responsible for To-Increase’s global sales and marketing means unleashing the company’s insight, innovation, and creativity to tell our story and help customers achieve their goals. On the road much of the time, he travels the world to meet with customers, understand their challenges and ambitions, and find the most effective ways to help them advance. Luciano develops and mentors our marketing and sales team, and creates strategies to help the To-Increase worldwide partner channel thrive and grow.
Making Customer Needs the Main Business Driver Luciano and his team have daily conversations with the To-Increase research and development organization to bring customers’ requirements and concerns into the road maps and design of our solutions. Luciano brings his insight to the marketing group to make sure the company’s communications resonate with customers and speak directly to their experience.
“I’m awed by customers’ innovative spirit in taking business management technology past its limits and by their generosity in letting us participate and empower them. I hope to transform our organization to become even more customer-centric than we are today. That means making more resources available to spend productive time with both our customers and partners, so we can ensure that we place into customer businesses effective solutions that fit the evolutionary stage of their operation and the way their people and processes work.”
Empowering a Global Channel
Because To-Increase only sells through partners, readying the channel to be successful in helping customers is a business-critical effort. Luciano aims to meet partners where their interests are. Partners who consider the relationship with To-Increase strategic can rely on our industry specialists to work with them as they plan their growth and serve customers. If partners prefer a less collaborative relationship, they still receive the rich To-Increase expertise and resources to ensure they win the business, perform a successful deployment, and retain a satisfied customer. In working with partners and their customers, Luciano brings to bear his experience of many years of creating successful, customer-focused business development and marketing strategies in many of the world’s countries and regions.
Enabling Customer Success in Challenging Business Environments
Looking into the near future, Luciano expects that customers will continue to expect To-Increase to help them make business sense of unfolding trends and technologies. For example, the internet of things (IoT) will thoroughly revolutionize manufacturing, engineering, and supply chains. Big data will be meaningful and valuable when decision-makers can use technology solutions to transform it into actionable business intelligence that supports key roles and business processes. Mobility will help companies become digital enterprises and move business processes forward from any location, at any time. Team To-Increase harnesses innovation to help customers translate the promise of these technologies into business results.
Before his current role, Luciano for several years was one of To-Increase’s global industry directors, responsible for our industry solutions. His experience also spans more than 17 years in IT and manufacturing management roles. These positions took him into various areas at IBM Brazil, serving as product manager for several software development companies, and included working in senior management at a manufacturing organization in the U.S.
Luciano is married with two young children. Away from work, he enjoys participating in a soccer class together with his son and daughter as well as taking relaxing walks in natural environments with his family.

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