The assets of a company that operates field services are a resource that requires constant monitoring. We can define an asset as any good owned by a company and managed by the maintenance company, for example, elevators, industrial equipment, air and water purifiers, telecommunications, servers, etc. Having clear information about their deployment in the field, their performance and the status of the processes they carry out is of vital importance for the proper operational performance. 

Just as we create headaches (and some inefficiencies!) for ourselves if we lose sight of our cell phone, losing the opportunity to clearly visualize assets, and therefore the operational service deployed, is counter to our business interests. An important part of our performance in the field comes from our ability to contact, monitor and track assets. This can be achieved through the digitization that management software achieves.

Here are 5 key benefits of asset tracking. 

Maintenance improvements

Knowing the status of our equipment, its current and past performance, its history of improvements and repairs, allows us to plan its maintenance. Preventive maintenance, as opposed to waiting for failures to occur before taking action, allows us to schedule maintenance and perform routine repairs in a timely manner. This is achieved thanks to the constant monitoring of the performance, the demand received and the previous history of each asset; this information is obtained through digitalization and processed by a management tool such as the one we designed in GoDoWorks. 

At the same time, GDW manages and develops preventive maintenance plans and executes corrective maintenance plans, which ensures a better continuous performance. For corrective maintenance it is key to comply with the established SLA and organize the workflow and the field operational force, gaining transparency, confidence and maintaining a reliable, fluid and dynamic service. 

The advantage of this type of maintenance is that it improves the useful life of the assets and optimizes their availability, through scheduling and planning, so as not to interrupt the work flow and meet the demand.

2. Efficiency in the entire operational process, and increased productivity.

Whether for operators who must have a tool at their disposal or for supervisors who need to have a clear and complete view of the operational deployment to ensure its operation, asset information through its digitization optimizes processes. It saves time, either in the registration processes, or thanks to the mitigation of omissions and misplacements.

The efficiency achieved, as a result of the administrative simplicity of the digital tool, the elimination of paper records, and the systematization resulting from digital processing, generates productivity increases of close to 30%.

Traceability

Digital processes provide assurance to operators, supervisors and managers alike. Omissions due to human error in recording and information gathering processes are reduced, and transparency is created around valuable resources such as fuel or other energy sources. These critical inputs to the operation of core assets can be easily tracked in the operational process using digital tools. 

4. Better decisions resulting from the availability of information

Digital tools such as those developed by GoDoWorks compile operational information to provide those key statistical and indicative elements of performance that facilitate the work of information analysis. 

For managers, having a clear and complete view of operating performance, in its current or historical dimension, allows them to make better decisions. 

At the same time, opportunities and challenges can be visualized immediately thanks to information obtained in real time.

5. Accuracy and safety

The accuracy resulting from the digital registry improves the useful life of the assets, since it not only avoids losses. It also minimizes the possibility of human error by systematizing administrative processes. This optimizes these processes, facilitates the work of the operators who carry them out and provides operational security for all stakeholders and in the performance of the assets. 

In short, one of the smartest decisions when it comes to deploying valuable and costly resources in the field is to digitize information regarding their position and operation. Digital asset tracking, as well as the ability to design, execute and control asset maintenance plans, monitor the historical record of asset incidents and track interactions through software such as the one we designed at GoDoWorks, generates processes to centralize this information and brings efficiency to our field operations.