Assets are scattered throughout the company and nobody remembers exactly where they are and who owns them. There is opportunity for theft and misappropriation.
There is no stock of applicable warranty provisions, no track record of maintenance performed and no asset condition monitoring. So maintenance is more expensive than normal, and asset replacement is quicker, putting pressure on your cashflow.
Regular stock taking - if any - is cumbersome and never quite successful. The process incurs excessive and unneccessary expenses.
Our answer is Profluo Asset Management
Prepares assets for production: installs, adds asset in application (including scans), including warranty clauses or maintenance instructions
Tags the asset, assigns location and end user
Hands the prepared asset over to the end user
Approves asset decommissioning and recommends the proper way to dispose and possibly recover some of its value
Asset Responsible (End User)
Uses the asset and continuously monitors its condition
Initiates asset transfer between locations and ownership areas
Periodically confirms assets in ownership and their reported condition
Initiates asset decommissioning if and when the asset condition reaches the defined critical level
Approves disposal and recovery methods for decommissioned assets - return on supplier credit, scrapping, donation, sale