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Asset Management Solution without Integration

Posted on April 28th, 2011 in asset management software by

Asset Management Solution without Integration

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Home Page > Computers > Software > Asset Management Solution without Integration

Asset Management Solution without Integration

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Posted: Feb 11, 2011 |Comments: 0
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Asset management is a means of managing assets to condense the life cycle cost of owning and operating it, while delivering the customers expected service levels. In other words it is taking care of vast sums of money in different currents all over the world. Asset management best practices currently need utilities to have Computer Maintenance Management Systems (CMMS), Geographic Information Systems (GIS), Funding Forecast Models, Lifecycle Planning, Condition Assessment Systems, Capital Improvement Planning Tools, Risk Prioritization Processes and Mobile Solutions. Not only are utilities suggested to have these systems and tools to execute asset management programs, they are also recommended to integrate them to be sustainable. There is presently no product on the market that can offer all those asset management functionalities. Accordingly, all of these asset management solutions are currently provided through a grouping of individual software, custom built applications or spreadsheets. The greater part asset management practitioners would delusion of having one application to manage a comprehensive asset management program.

This Article explains the case studies of some important utilities that have implemented a single integrate solution for their whole asset management program. This is the only solution in the industry that has integrated all the core asset management elements to develop a benchmark asset management program. It includes all the functionalities of a CMMS, GIS, Asset Lifecycle Planning, Funding Forecasts, Rehabilitate and Renewal, Risk Prioritization and Mobile. Partly or non integrated asset management solutions are next to impossible to sustain. It requires significant manual efforts to renew and ensure consistent information. The utilities had to build up a sustainable solution that would be simple to keep up. This article will share the learning experiences from developing an integrated asset management solution. We will present the required information that the utilities had to collect for this solution.

We will show real time data through a web based CMMS solution in this unique asset management solution. Leaders of utilities are now able to create confident asset management decisions with the integrated asset management solutions. They are ensured that their decisions will lead to the optimizing the life of their assets. Accurate funding forecasts will allow them to save enough reserves for future analysis and renewal needs. They have applied risk prioritization methods for capital improvement projects.

We will share the benefits and results of implementing this integrated asset management solution. Several of these utilities have realized significant improvements of their operational efficiencies. The most important improvement is the availability of real time asset management information at their finger tips to make good decisions.

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Kerripaula -
About the Author:

NEXGEN AM Technology is web based CMMS and AM software intended on ASP.NET for SQL platforms. NEXGEN AM is lithe for Software as Service or Locally Hosted implementation strategies. We expertly manage and maintain a comprehensive asset management program through a single software solution. For more details about asset management visit: http://www.nexgenam.com

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Article Tags:
asset management software, cmms software, cmms, computerized asset management software, web based cmms software

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