It takes very little time for a business to grow to a size where large amounts of information are created and required on a daily basis. That information drives every decision, from purchasing to pricing, so ensuring its availability and quality may be the difference between boom or bust.
Despite it, many organisations operate in virtual darkness by storing vital information in separate systems, un-coordinated formats and document types that can be a complete nightmare to keep up-to-date. The trouble really starts to escalate when information is needed between departments. For example, when the sales team need to find out whether a piece of equipment will be available on a particular date or when operations need to know if a stock item has already been ordered by purchasing. If your company is reliant on tracking the movement of assets, then you’ll be more than aware of the time and resources it can take to get the right information to the right people, know where things are and what state they are in.
Fortunately it’s the same types of problems that come up with every company, regardless of what they work with, be it a £10 pack of bolts or a £15 million ROV. Asset management software is typically designed with these re-occurring problems in mind. It helps solve these problems by holding all of this vital information in one reliable place. The potential time savings from not having to chase down and collate all of that information from various different people and sources can be huge. Reports which would take hours to build, might only take a few seconds. Throw in real-time notifications, dashboards and alerts and you are quickly left wondering how you managed to stay on top of everything before.
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