4 Ways Asset Management Saves Your Organization Money

Efficient management of your assets and equipment has become an essential component to a comprehensive maintenance management system. In a recent study, 33% of facility managers were extremely interested in utilizing an asset and equipment module, while 73% were specifically looking for simple asset, equipment, and inventory tracking. Although traditional CMMS systems were designed to manage the creation and tracking of work orders, asset management is now equally as important as digital work order management. Instead of thinking about these modules as separate features however, it’s important to understand that both play a fundamental role in streamlined maintenance management and are often presented as an integrated solution.