Asset tracking software can improve efficiency in every industry. Find out how it can make a difference in healthcare, construction, and education.
Every single industry in the UK relies on a wide range of assets in its daily operations. Given the importance of their assets, organisations need to know where they are and how they’re being used, maintain them, and ensure they’re deriving as much value as possible from them.
With the ability to improve efficiency and accuracy, powerful and reliable asset tracking software is the solution. Below are a few ways in which diverse industries can benefit from using FMIS’ software to track their assets.
Healthcare Industry
As of 31 March 2024, the NHS reported property, plant, and equipment worth £2,214 million, intangible assets worth £684 million, and right-of-use assets worth £347 million. That’s a staggering number to keep track of.
FMIS’ asset tracking software can help the healthcare industry overcome this challenge and others. Some of the ways in which it can make a difference include:
Pinpointing important assets: Asset tracking software makes it easy for healthcare workers to find critical and non-critical assets, such as biometric monitors, nebulisers, beds, or wheelchairs. FMIS’ software also provides valuable information regarding storage times, equipment wait times, and service schedules. This allows facilities to keep their assets maintained and ensure they’re not underutilised, and that patients are treated timeously.
Improving Staff Accountability and Theft Prevention: The UK’s healthcare industry is plagued by theft. Asset tracking software can help prevent this, whether by recording which staff members have been allocated various assets or by providing location data. With this comes improved staff accountability, as staff know their use of specific assets is recorded.
Enhancing Maintenance: Asset maintenance is more efficient and effective with tracking software. Healthcare facilities can create a maintenance schedule for all equipment and tools, ensuring they’re serviced and sterilised regularly.
Construction Industry
The UK’s construction industry loses hundreds of millions of pounds in tools and materials to theft from sites every year. Considering how different teams work on a single site and one team might work on several different sites in a week, it’s easy to see how various assets can slip through the cracks. Along with helping prevent theft, asset tracking software offers greater efficiency in various aspects of the industry. Some of the ways in which it makes a difference include:
Preventing Unauthorised Use and Theft: With tracking software, construction managers can allocate tools and equipment to specific workers and actively monitor them. This enables managers to identify assets being moved due to unauthorised use or theft. Additionally, it can put an end to unnecessary wear and tear due to unauthorised use.
Enhanced Equipment Use: Mislaid equipment and tools lead to project delays, which can result in higher costs and reputational damage. When software is used to track use, site managers can ensure the required equipment is allocated correctly, keeping things running smoothly.
Downtime Analysis and Streamlined Maintenance: Construction equipment is put through its paces regularly, making regular maintenance essential for protecting its intended lifespan. With the right software, construction firms can identify and analyse downtime patterns to determine whether downtime is due to poor allocation, misplaced equipment, overuse, or maintenance issues. Firms can then create appropriate maintenance schedules, configure alerts for servicing dates, or plan to purchase additional equipment for more efficient allocation and to prevent overuse.
Mobile Asset Verification: Verifying asset data can be difficult when equipment is moved from site to site. With FMIS’ software, managers can access the register and verify or update data via their mobile phone, tablet, or laptop, ensuring records are kept up to date.
Education Industry
The UK’s education industry also faces the challenges of keeping track of a diverse range of assets. While some remain on campus, others are allocated to or checked out by staff or students. This can make it difficult to keep tabs on assets, ensure they’re maintained, reduce unnecessary spending, or plan ahead.
Asset tracking software can help educational institutions by:
Supporting Responsible Budgeting: By helping educational institutions avoid unnecessary purchases and overstocking, allocating assets efficiently, and providing use data, reliable tracking software supports responsible budgeting. Institutions can budget more effectively, reducing expenses and investing where needed.
Streamlining Budget Reporting: FMIS’ asset tracking makes budget reporting easier. The software can produce accurate reports that would take weeks to complete manually within a few minutes.
Enhancing Efficiency Across Departments: Reliable software supports operational efficiency across departments by making it easier to track and allocate assets as and when needed. For example, if the health and food technology classes require additional scientific apparatus for a specific module or program, the school asset manager can easily see what’s available in the science department and plan accordingly.
Take Advantage of Powerful Asset Tracking Software
With staff often burning the candle at both ends, equipment increasing in price, and tougher regulations requiring more stringent compliance measures, the days of relying on manual asset tracking are over.
Regardless of what industry you’re in, your organisation can benefit from FMIS’ advanced asset tracking software. Take advantage of a professional solution and ensure your organisation can face the future with confidence.