Tracking and Locating Assets Use Case
Tracking high value assets represent significant opportunities for leveraging the many benefits of Sensify’s solutions and sensor based technologies to address key business drivers. Specific drivers include the security and accountability of demonstration kits and those expensive assets inside that travel from one site to another, intellectual property, reserving and scheduling assets, and monitoring equipment association and utilization.
Asset Accountability
Every manager, vice president, and financial controller is required to maintain complete accounting of all equipment. Inventory audits are done at least annually and at great cost and effort. Sensify has delivered benefits that include:
- Conducting Inventory audits across multiple locations with little or no infrastructure investment
- Conducting an accurate cycle count of inventory in hours, not days, weeks or months
- Instantly retrieving automated reports for management and compliance
With tagged assets, customers are achieving 100% accuracy while eliminating 90% of tracking and audit costs; enabling instant reconciliation and reduced asset shrinkage.
Reservations, Scheduling, and Control
Test equipment availability Is especially important when it comes to customer selling opportunities. Full visibility of assets and who has access to them helps to ensure proper availability and protection. Benefits include:
- Physically locating assets (products, designs, and prototypes) on demand in minutes
- Reservation of equipment by engineers by project (with all required components and/or product groupings)
- Check-in and Check-out of equipment (association to location and human assets)
- Alerting when an asset leaves the facility or violates any security protocol
Controlling and beGer managing assets through the use of Sensify has great promise for productivity gains, significant capital reductions, outstanding operational cost savings, and IP protection.
Equipment Association and Utilization
Optimizing the use of shared assets is key to the success of multiple locations and only achievable if the pattern of use is known. Further, some assets are totally unusable without various “accessories” that are required for operation, or being
configured with particular updates or revision levels. Equipment association and utilization benefits include:
- Visibility of what assets are being used and by whom
- Parent/Child relationships to ensure proper asset association
- Selection of assets based on certain configurations, revision levels, etc.
- Standard reports of equipment utilization and violations
Understanding equipment utilization and effectiveness helps to lower buffer inventories, allocate costs appropriately, and ensure the availability of assets for the individual sales engineers, developers, and other parts of the organization.
Effective management of tracking these assets across multiple locations requires a high level of visibility. The value of such visibility is much more than simply accounting for the assets and reconciling with the systems of record. The value of
tracking these assets is defendable and predictable, especially when you are purchasing new demonstration or development kits when it isn’t required.[/vc_column_text][vc_column_text css=”.vc_custom_1463988712244{border-top-width: 1px !important;padding-top: 15px !important;border-top-color: #b71521 !important;border-top-style: solid !important;}”]