The administrative side of asset management can be extremely time-consuming. As tools are often spread across sites, warehouses and employees, it takes considerable effort to manage such a complex ecosystem.
When assets are managed manually, everything has to be done by one person. This means filling out and updating spreadsheets, checking and monitoring paperwork, ensuring compliance is up to date and organising inspections etc. These tasks require hundreds of hours of employee time, which could be better spent on areas where there is greater ROI available. Not only does this effect in-house administrative staff, but construction workers also have to spend time calling colleagues to track tools down.
With a digital system, asset management on and off site is far more efficient. Administrative staff don't have to fill out spreadsheets or monitor paperwork, which is all updated and managed automatically within the software. Locating tools takes minutes instead of hours, meaning workers can quickly locate the equipment they need with minimal delays.