MANAGING TANGIBLE ASSETS

Companies may have thousands of tangible assets that they manage daily, generating revenue and growth for their business. Whether fixed or mobile, we provide a comprehensive physical on-site data collection that benefits your company regarding those assets.

We can design, develop, and implement a plan that meets your organization's stakeholder data needs for your physical assets. Asset Data Collection Services (ADCS), in collaboration with your Data Management team, ensures your data is captured accurately and efficiently according to your company’s project scope and requirements.

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PRODUCTIVITY

Businesses core operations revolve around the people they employ and the physical assets they work with daily, both of which generate revenue for the business. Typically, physical assets are listed as property, plant, and equipment (PPE) on a company’s balance sheet.

Asset Data Collection Services gathers physical asset data for a wide range of businesses to meet various specifications. These organizations, whether large or small, all have a variety of tangible assets that need to be managed daily. Whether fixed or mobile, these assets must be proactively maintained and tracked to support revenue growth and organizational success.

Over the years, many companies have followed the adage of "just fix it when it breaks" or, if it gets lost, they will simply buy another. Today’s competitive markets require businesses to be proactive with their assets. Tracking physical assets and setting up service schedules on equipment ensures you always know where your assets are and that they are performing optimally.

Having this data collected and processed accurately keeps the functionality of this equipment and properties at their peak over the lifecycle of those assets, ensuring businesses have a robust data repository.

PHYSICAL COLLECTION OF TANGIBLE ASSETS

In today’s competitive market, all size businesses need to know what their physical assets consist of and have a good tracking program in place to maintain and monitor these assets. Companies that implement a solid asset management program receive significant financial benefits, driving growth for their organizations. The process of accurately collecting data on these physical assets can be time-consuming and may tie up many of a company’s in-house resources. Therefore, Asset Data Collection Services provides trained and experienced personnel to collect, tag, and inventory your company's tangible assets.

All business entities require accurate data to make informed decisions daily. Maintenance departments need correct and up-to-date data on equipment for repairs, spare parts, and warranty information. Accounting departments use this information for accurate billing and tax payments. Strategic Planning teams need to be fully aware of current assets for future project development. Environmental departments rely on equipment and property information for State and Federal compliance reporting.

Therefore, it is essential to have a company that can work alongside your organization’s asset management team or solution provider to help design and implement a data collection process that is specifically tailored to meet your business needs.

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KNOW AND UNDERSTAND YOUR ASSET BASE

Our services build, repair, optimize, and improve a company’s tangible field data essential for operations and maintenance of a business (PPE). Whether your organization has recently acquired new properties, aims to build out a new database of critical assets, or works to collect equipment data for regulatory compliance reporting, it is crucial that the information collected is accurate, up-to-date, and kept current. The ADCS technical team will physically visit assets in the field and conduct thorough walkdowns of all assets deemed critical and necessary.

Our approach to any physical data collection project aligns established data standards and collection methods to ensure the entire process achieves the desired outcome. When you have a data registry with correct and accurate data, it significantly enhances its usability by stakeholders across a company. Our services provide clients with detailed on-site physical data collection of their interests, delivering trusted and high-quality information for any asset management project.

TAGGING AND TRACKING OF EQUIPMENT

Whether your tangible assets are in the field, facility, warehouse, or are mobile, information collected on these assets need to be kept current over the lifecycle of a given asset. This includes the placement of those assets through a proper tracking initiative.

Implementing a robust tracking program for valuable individual assets with bar codes, RFID, or GPS devices not only saves time but also reduces costs. Assets move throughout their lifecycle—shifting locations, being decommissioned, or even getting lost. Tagging these assets enables companies to establish a maintenance schedule to extend their lifespan, identify their current and past locations, determine which equipment is out of service, available for use, or decommissioned, and monitor inventory items.

When collecting and identifying properties during the walkdown process, Asset Data Collection Services can install tracking devices on equipment or property with critical information included when read by the electronic reader. Having this information easily accessible makes it much easier for these assets to be identified, tracked, and properly categorized.

HOW CAN WE HELP?

Let us know how we can help you collect asset data for your company or business. Simply fill out the form below.