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In this video we have shortlisted the reason for higher manufacturing operational costs & how you can avoid it using an enterprise asset management software for your entire maintenance activities.
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Some of the benefits of an Asset Management Software are listed below:
•Reduces expenditure on assets through cost transparency, which means, helping you analyze the cost of other similar assets and the actual current cost of the asset
•Maximum utilization of the assets through continuous tracking and monitoring of its use and status
•Covers all license compliance procedures related to the asset
•Streamlines an organization's procurement process
•Regularly audits and provides analysis to track vendor and supplier performance
•Results in optimum allocation of assets leading to a greater return on investment
•Provides other services like compliance management, depreciation management, and maintenance management
•It helps in the better discovery of assets through inventory and consequently more efficient deployment
•Easy upgrading of the asset as a result of complete visibility
•Provides the management of intangible assets like documents, patents, contracts and leases, copyright, intellectual property, etc.
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