Asset Tracking & Control Systems

The cost of poor asset management in manufacturing businesses is rarely calculated — not because it is small, but because it is distributed across so many budget lines that it is invisible as a category. The cost of a replacement tool purchased because the original cannot be found. The cost of production downtime while the correct calibration equipment is located. The cost of a maintenance visit that cannot be completed because the required spare part was not stocked, because nobody knew the equipment’s service history well enough to predict its consumption. Individually, these costs appear in different parts of the budget; collectively, they represent a significant and preventable drain.

The cost of poor asset management in manufacturing businesses is rarely calculated — not because it is small, but because it is distributed across so many budget lines that it is invisible as a category. The cost of a replacement tool purchased because the original cannot be found. The cost of production downtime while the correct calibration equipment is located. The cost of a maintenance visit that cannot be completed because the required spare part was not stocked, because nobody knew the equipment’s service history well enough to predict its consumption. Individually, these costs appear in different parts of the budget; collectively, they represent a significant and preventable drain.

The cost of poor asset management in manufacturing businesses is rarely calculated — not because it is small, but because it is distributed across so many budget lines that it is invisible as a category. The cost of a replacement tool purchased because the original cannot be found. The cost of production downtime while the correct calibration equipment is located. The cost of a maintenance visit that cannot be completed because the required spare part was not stocked, because nobody knew the equipment’s service history well enough to predict its consumption. Individually, these costs appear in different parts of the budget; collectively, they represent a significant and preventable drain.

The cost of poor asset management in manufacturing businesses is rarely calculated — not because it is small, but because it is distributed across so many budget lines that it is invisible as a category. The cost of a replacement tool purchased because the original cannot be found. The cost of production downtime while the correct calibration equipment is located. The cost of a maintenance visit that cannot be completed because the required spare part was not stocked, because nobody knew the equipment’s service history well enough to predict its consumption. Individually, these costs appear in different parts of the budget; collectively, they represent a significant and preventable drain.

The cost of poor asset management in manufacturing businesses is rarely calculated — not because it is small, but because it is distributed across so many budget lines that it is invisible as a category. The cost of a replacement tool purchased because the original cannot be found. The cost of production downtime while the correct calibration equipment is located. The cost of a maintenance visit that cannot be completed because the required spare part was not stocked, because nobody knew the equipment’s service history well enough to predict its consumption. Individually, these costs appear in different parts of the budget; collectively, they represent a significant and preventable drain.