Performance data and analytics

Hardware asset managers are excited about developing their control system so that they can have performance analytics available.

Have you already taken the steps to improve your HAM control system by getting asset tracking automation with solid process control in place, and you’re now confident your data is accurate? If not, you’ll want to review our Process Control Overview and Tracking Automation Overview to get up to speed.

If you have, you’re headed in the right direction for success. But there’s one more step you need to take before victory can be declared and that’s implementing performance analytics. Hardware asset management goes beyond just maintaining accurate data and passing your audits, you need to know how your assets flow through their environment and be able to look at your data history, so you can make informed decisions about the future. Without analytics, you simply have numbers in a database.

Peter Drucker said, “What gets measured gets managed.” This is especially true for hardware assets because you can’t manage and control your assets if you don’t understand where they’ve been, how they were delivered / stocked / used and how they’ve been serviced since arrival. ServiceNow’s built-in table auditing keeps a record of field-by-field changes but reports aren’t easy to get. Their solution is expensive an
d can be difficult to implement without a specialized developer.

AssetTrack® performance analytics

AssetTrack® solves these issues by delivering three levels of performance analytics:

Productivity

  • Report on the flow of assets through lifecycle stages over time
  • Understand:
    • how quickly assets are delivered
    • how long they linger in stock
    • how soon they’re put into production
    • how quickly they’re returned from maintenance and disposal vendors
  • Data can be dissected in various ways including by:
    • location
    • model category
    • vendor
    • department

Operating Expenses

  • Reduce service contract costs, staffing levels, taxes & maintenance
  • Eliminate unnecessary infrastructure
  • Reduce waste
  • Improve your ROI

Capital Expenses

  • Reduce capital investment
  • Improve return on assets
  • Lower overall footprint

With AssetTrack’s Lifecycle History Tracking with performance analytics feature, you’ll now have an accurate, reliable history of your asset lifecycle states, including state durations, which you can use to:

  • Measure asset management KPIs
  • Monitor vendor service levels
  • Optimize stock levels
  • Record end-of-life documentation for compliance
  • Prove chain of custody

This data can then be used to predict mean time to failure that you can dissect and report on by category, manufacturer, model, location and more. You’re equipped with a whole new set of tools to increase savings, compliance, availability and security.

If you’re unsure where to get started or what to measure, AssetTrack® includes pre-configured dashboards built on an analytics engine that’s fully customizable, so you can get started right away. There’s no need to buy additional expensive, complicated analytics tools and an AssetTrack® expert is available whenever you need to answer questions and help guide your success. AssetTrack® is ready to go out-of-the-box with default configuration that works for most of our customers, but also includes the ability to extend to track whatever additional data is needed.

Here’s a video that demonstrates our Lifecycle Analytics with Time Tracking, so you can see AssetTrack® in action.

If you’re ready to chat with one of our experts about your specific needs and challenges, schedule a call with us today.

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