Asset Management - Save Money and Improve Productivity

The efficient tracking of their installed base and in-service equipment, in addition to the management of their spare parts inventories are key factors in determining the prospects for internal productivity and customer service profitability. However, many organizations do not yet utilize a comprehensive asset tracking and management process.

Asset management helps to ensure the availability of quality data that can be used to generate the business intelligence, that can at last, ultimately save money and improve efficiency.

In this article, Joseph DeSiena presents an asset management process, utilizing a Six Sigma approach, that can serve as the foundation for the design and implementation of an effective end-to-end asset management solution.