Managing assets is a core function of product-based companies. But, if you manage your assets in traditional ways, you will encounter challenges.
However, there is a way to deal with the challenges. You can implement Microsoft Dynamics365.
The software has asset management tools that allow you to plan and track the costs of individual assets.
The dynamics asset management module can integrate with the finance platform, enabling you to access your maintenance costs.
As a result, collecting data from separate systems is not needed. And that can lead to delays in data collection and analysis, resulting in delays in decision making.
With the asset management module, you can effortlessly manage your business assets. In addition, the module can manage the most difficult to manage assets due to its robustness.
The following are the features of the asset management module:
Real-Time Data
The built-in asset management tool serves critical business functions to improve productivity and efficiency.
The module provides real-time data about your assets. As a result, you can quickly figure out equipment obsolescence and manage downtime. In addition, the module allows you to record actual hours spent servicing and maintaining equipment.
You can expect more from the asset management module. For example, it can provide costs, downtime, specific functional areas, and resource productivity reports.
Easy User Interface
The good thing about the module is that it has an easy user interface. As such, navigation becomes easy. At the same time, such an interface ensures access to high-quality and trustworthy data for analytics.
On the other hand, things would be different if the interface were painful to use. Users will encounter challenges in capturing good data with such a poor interface.
Due to the ease of navigation, your employees can spend less time on administrative tasks and focus more on providing value to your business.
Hierarchical Views
Another advantageous feature of the asset management module of Microsoft Dynamics365 is the hierarchical views of assets and locations. It helps users to access the correct information.
Due to the hierarchical view features, you can label the functional locations by building, line, room, or any particular way you want to see your sites.
In addition, you can tie to the main asset in a parent-child hierarchical structure. As a result, your employees will not have to search for a long time to get the information they need.
Preventive Maintenance
Today, you can save valuable productive time if your asset management system has a preventative maintenance feature.
Fortunately, the asset management module has that feature to help you schedule preventive maintenance based on a specified time.
Alternatively, you can automatically set up an integrated counter to schedule work based on predefined milestones.
In addition, the asset management module allows managers to retrieve counters from their assets with the help of IoT.
Also, managers can define work schedules by considering the values acquired from their equipment counters and monitors.
Therefore, the asset management module can help managers schedule maintenance at predetermined schedules.
The workers also can leverage the benefits of the asset management module. For example, they can quickly access the schedule and plan for maintenance. And the result is easily discernible–the productivity of workers increases.
In addition to the asset management feature, Microsoft Dynamics365 has more capabilities. For example, if you run your real estate business in the UAE, a real estate ERP software UAE can help you improve your business efficiency.
Conclusion
You must understand that asset management can improve your business’s productivity and efficiency. The module helps to access the entire maintenance data. So, you can assess the cost structure apart from discovering what went wrong. Therefore, your maintenance activity will be more efficient.
With the module, you will get greater visibility and flexibility, apart from easing end users.