What is an Construction Equipment Management System?

What is an Construction Equipment Management System?

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  Exploring the Benefitsof an Equipment Management System: The Key to Streamlining Your Equipment Efficiency Running a business without an Equipment Management System leads to various unwanted efforts and expenses. Whether it is for tracking service and maintenance of machines or equipment auditing, the software automates all the processes and gets everything on one unified system. In addition to that, when it comes to mechanical tools or hardware, inadequate management and maintenance over time can lead to a decrease in the value of these assets. As a result, Equipment Management Software assists organisations in reducing these occurrences and increasing productivity. Other advantages of using equipment tracking will be discussed further in the post. But to initiate, let us tell you more about the system definition! So, let us get begin! What is an Equipment Management System? An Equipment Management System enables effective asset tracking, providing a comprehensive and transparent overview of essential asset information. It provides informed data about the asset's whereabouts, user identification, expected availability, and upcoming maintenance needs. This approach will reduce the probability of unwanted losses due to any hardware breakdown. In addition, when something goes wrong, the system enables you to create a pre-determined backup plan, ensuring your operations can never be stopped. Furthermore, when you use Equipment Management Software, you have a complete list of all your assets & equipment in place. Moreover, you can track your equipment using GPS trackers, barcodes, or RFIDs to obtain location data as well as other relevant details. Likewise, Equipment Tracking Software can record this information in real-time, at regular time intervals, or based on Geo-fenced location. This software is considered very handy in order to monitor all aspects of the equipment within the system for a business. What Can You Monitor Using an Equipment Management System? There will be numerous challenges that require your attention when managing a company or a business. Many of these can be addressed by asset and equipment tracking. Similarly, the first and most critical aspect of equipment monitoring is the maintenance of hardware assets. The company cannot operate efficiently unless it handles all its equipment effectively. If your organisation wants to succeed, all of its tools and equipment’s must be operational. That is why it is critical to maintain track of all assets and equipment, such as machines, tools, and appliances.
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  In short, youcan track the operational costs, maintenance history, as well as utilisation of the following hardware with an Equipment Management System: For the Construction Industry:  Heavy machinery (excavators, bulldozers, cranes, loaders)  Construction vehicles (dump trucks, cement mixers, graders)  Power tools (drills, saws, pneumatic tools)  Earthmoving equipment (backhoes, skid steer loaders)  Concrete pumps and mixers  Surveying equipment (total stations, GPS equipment)  Temporary site facilities (portable toilets, generators) For the Transport and Logistics Industry:  Trucks and trailers  Shipping containers  Forklifts and material handling equipment  Conveyor systems  Pallet jacks  Loading docks and ramps  Vehicle tracking devices  Warehouse and distribution equipment (pickers, stackers) For the Manufacturing and Production Industry:  Machinery and production lines  Industrial robots  CNC machines (milling machines, lathes)  Packaging equipment  Material handling equipment (pulleys, conveyors, cranes)  Testing and inspection equipment  HVAC systems  Utilities and infrastructure equipment (boilers, compressors) By intelligently monitoring all of your equipment, you can maximise its utilisation and unlock its full potential. This, in turn, allows you to reap many benefits, which we will discuss below. Equipment Tracking System: The Benefits Not all Equipment Management System is created equal or intended for the same purposes. As a result, certain software systems are specifically designed for particular industries or tailored to meet specific demands and requirements. But the benefits listed here are mostly applicable to every industry that incorporates numerous equipment for their regular business operations. Real-time Equipment Management and Monitoring You can track real-time equipment metrics like:
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   Status ofequipment (e.g., on/off, cycle start, operating steps, programs run by equipment).  Performance monitoring (e.g., speed, uptime/downtime, planned/unplanned stops). Resource consumption monitoring (e.g., electricity, water, coolants).  Equipment condition and surrounding environment monitoring (e.g., temperature, humidity) using noise, vibration, temperature, pressure, and other sensors.  Tracking location and availability of equipment and spare parts via barcodes, QR codes, RFID tags, etc. It is a comprehensive equipment information and data management solution. Additionally, the metrics it provides may be helpful in resource consumption tracking, equipment condition, and surrounding environment monitoring. Equipment Maintenance Scheduling and Alerts An organisation has a fleet of equipment, and maintaining them is a major challenge. Many organisations lack the system required for recording the maintenance of equipment, which may further lead to unexpected breakdowns due to service delays. You won't have to worry about asset maintenance if your company has Equipment Management System. It will automatically send warnings and notifications that remove the need to recall and ensure that no equipment servicing is missed. In addition, you can schedule future service dates for any particular equipment to keep it maintained. Forecasting and Operation Optimisation through Report-based Calculations When the goal of any organisation is to improve, data is the most important factor. Reports provide a comprehensive view of asset performance, maintenance, and so on. Moreover, reports aid in the discovery of bottlenecks and pitfalls, and data aids in the discovery of solutions to such problems. Data Reports and analysis can assist in increasing the efficiency of machinery and assets. As a result, it aids in making sound business judgements. Additionally, reporting & data analysing capabilities lead to forecasting and optimisation like: 1. Predicting potential equipment breakdowns and expected time to failure due to corrosion, overheating, load misalignment, and other factors. 2. What-if analysis to test different scenarios of equipment behaviour in response to operator actions. 3. Forecasting resource consumption (electricity, water, coolants, etc.) by equipment and production costs. 4. AI-based recommendations on areas for equipment improvement (e.g., mechanical, electrical, pneumatic, software upgrades). 5. Optimisation of equipment use schedules based on analysis of equipment load. Asset audit and compliance management for ensuring statutory requirements
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  Auditing is criticalfor determining what assets your organisation owns and where they are located. However, auditing is more than just tracking assets; it is also important in calculating taxes. Without an Equipment Management System, the audit process can be time-consuming and exhausting, with little possibility of success. But what actually does Equipment Management Software do? It allows you to arrange your own audit timeline and receive process status updates. This, in turn, can assist you in improving your regular operations and activities. Thereafter, you've optimised your processes and you can focus on making strategies for strengthening equipment operational efficiency. Conclusion Equipment Management System is ideal for firms trying to reduce expenses and prioritise preventive maintenance. Tracking solutions can provide you with detailed data that will allow you to understand how your organisation functions completely. You can swiftly scale your firm and increase asset utilisation. Furthermore, you can also learn how to use your assets during high-demand seasons as well as low-demand periods. Conclusively, with various vendors in the market, one stands out NYGGS ERP. They offer free demos of their Best Equipment Management Software. You can try these systems first-hand and experience the numerous benefits they can bring.