As a manager, you are always looking for ways to increase efficiency and reduce costs. One way to this is by properly managing your assets. When it comes to energy efficiency in buildings, asset management is the first step on the road to success. Here's a look at why asset management is so important and how you can use it to improve your bottom line.
The Importance of Asset Management
Asset management is the process of identification, tracking, and maintaining information about your building's physical assets. This information includes the purchase date, location, serial number, warranty information and more for each asset.
Why is this important? Proper asset management allows you to make informed decisions about when to replace or repair equipment and make your team save an enormous amount of time, paper records and storage space. It also gives you the ability to have a single digital platform to keep track of your energy consumption and identify areas where you can save money.
In fact, our experience has shown that organizations with mature asset management practices can achieve energy savings of up to 30%. That's why it's so important to make sure you have a good handle on your assets if you want to improve your bottom line.
How to Get Started with Asset Management
If you're not already doing so, the first step is to start tracking your assets. This can be done through the use of a Computerized Maintenance Management System (CMMS), starting with a complete inventory. Once you have all of your assets accounted for, you can begin tracking their performance through the maintenance team and make sure you keep thorough documentation.
Real Time Connectivity
Only then should you consider connecting in real time work towards improving their efficiency. The collected data will help you identify opportunities for improving your building's energy efficiency so that you can save money on your energy bills as well as reducing your gas emissions.
Asset management and analytics are the key to achieving improved energy efficiency in buildings—and improved financial efficiency for your organization as a whole. By tracking your assets and taking steps to improve their performance, you can save money on your energy bills, keep your bottom line healthy and prevent mechanical breakdowns.