Asset Infinity

  Asset maintenance is an essential part of an organization. If you keep your assets maintained, then your assets will perform better, and a better outcome will be generated. If you don’t keep them maintained, the chances of breakdown will increase, and maintenance expenses will increase. Furthermore, your business operations will be hindered as well. That is why asset maintenance software is significant for all asset-intensive organizations. According to  Statista , “The distribution of scheduled maintenance in the manufacturing industry worldwide in 2017. As of that time, 34 percent of the respondents reported spending 30 hours or more in  plant maintenance .” What Is Asset Maintenance Management? How Does Asset Maintenance Software Help? Asset maintenance management is mainly done to manage the maintenance tasks, maintenance scheduling,  maintenance expenses , ensuring that  spare p a rts available  are essential. The process of asset maintenance enhances the reliability and safety

Physical asset management is an important activity that helps organizations in keeping their assets. If an organization does not take care of its assets physically, asset performance will start decreasing & asset failure can occur. In today’s marketplace, no organization can bear mistakes as it can be lethal for business. In today’s world businesses are so competitive and they need to be competitive otherwise competitors can take over. That is why physical asset management is significant so that their assets are maintained, and their performance always stays on top. What Exactly Is Physical Asset Management? Physical asset management is the management of fixed assets such as equipment, vehicles, machines, HVAC, chillers, etc. Physical asset management is a systematic approach for better management of assets. The purpose of physical asset management is to prolong asset life and keep these in good condition. Another objective of physical asset management is to better manage  asset li

  Inventory management is important for all organizations it does not matter. When you are a small organization, you can do it manually but when you are fast-growing organizations or big-size organizations then you cannot rely on manual inventory management. Inventory is very important for all types of organizations if you are thinking our business doesn’t rely on inventory then you need to think again because every business needs inventory somehow. But for retail organizations inventory is most important. To understand how you’re managing inventory; you need inventory reports and sales reports. But then again only a few organizations keep records of inventory management. Inventory reports can help organizations in showing much inventory they are using and how many are returned. So that they can take better decisions about  inventory planning  and management. What Are Inventory Reports? Inventory reports help in managing inventory and track records of inventory. It also assists in find

Are you managing Inventory efficiently? We know every organization tries to do the inventory management right way, but they are not able to do so! The reason is inventory management is not simple actually it is very complex! That is why the organization needs to implement inventory management software in the organization. The inventory management software market is growing! According to  Global Market Insights , “Inventory Management Software Market size crossed USD 3 billion in 2019 and is estimated to grow at a CAGR of over 5% from 2020 to 2026.” What Is the Inventory Management Process? The inventory management process allows you to manage inventory efficiently. It is the procedure of ordering storing and selling inventory. Also Read:  What Are the Various Strategies to Improve Inventory Management? This also includes management of raw materials, finish products, MRO (Maintenance repair operation) parts.  Supply chain management  to warehouse management is also part of the inventory