As well as costing valuable time, unfortunately a manual approach to asset management can also lead to expensive errors. If a Health & Safety accreditation or inspection gets missed (as can easily happen in a manual system), you could be on the receiving end of a heavy fine, which could have been avoided easily through a more efficient system.
When an asset management system is installed, the vendor you choose will help you to load all of your administrative assets into the programme. This includes:
Health & Safety certification
Employee certifications and training schedules
Vehicle tax due dates
Professional body membership details
Rental equipment return dates
Site cost allocations
All of these items will have dates assigned to them, which indicate when you need to take action, avoiding inspections and deadlines easily going by unnoticed. This reduces the amount of time and effort you need to spend monitoring administrative renewals, reducing unnecessary employee hours while ensuring you stay compliant with the appropriate legislation.
Digital asset management software can help reduce costs and boost productivity across your operations, by reducing wasted staff hours and increasing the speed at which workers can find and access tools. By investing in this type of system, you can save time and money, helping to reduce costs and increase profitability.
Download our free guide on how to increase productivity for more helpful advice on how to optimise your toolpark through effective and efficient inventory management, promoting improved productivity across your operations.