Monitor and Manage Assets for Greater Profitability
Increasing your operational efficiencies does not end at project and lease management. As you track and manage your towers and lease agreements more efficiently, you also need to track, manage and maintain your depreciable and non-depreciable assets. Your infrastructure lifecycle management system should allow you to manage and track equipment moves, replacements and losses as well as automate and track routine and ad hoc maintenance to ensure your assets are contributing to, not detracting from, the profitability of your towers.
Addressing equipment loss
Theft of tower equipment is an unfortunate, yet prevalent, reality with considerable costs to tower companies. Your system should allow you to quickly compare the equipment that should be at a site with what is actually at the site and what equipment vendors have invoiced you for. This allows you to identify, investigate and address suspicious activity, such as sites and vendors with higher-than-normal occurrences of losses.
Automating scheduled maintenance activities
Tracking equipment inspection records, planned maintenance, and other scheduled activities in spreadsheets is time consuming and cumbersome. Moving your preventive maintenance data and processes into an automated system helps to ensure that equipment is inspected and maintained in compliance with environmental and safety regulations and lease agreements, on a precise schedule with consistent process steps. This has the added benefit of extending the life of your assets, leading to decreased reactive work, lower asset failure rates and cost savings.
Automating your reactive maintenance process
Manually processing maintenance work is inefficient. Using an infrastructure lifecycle management system, you can automatically dispatch jobs to your vendors, saving valuable time and resources. Processing your work orders through an automated system has the added benefit of capturing work data that can be used to look for trends that may help you to discover maintenance needs more quickly. The same system can then deliver process steps and documentation to ensure work is completed consistently and readily, and to allow workers in the field to provide immediate updates directly into the system.
Tracking the details of your assets
Tracking the details of all of your assets — inspections, repair history and estimated costs associated with repairs and replacement — is too critical to juggle through spreadsheets. Moving asset information into a single system that includes location, cost history, warranty information and other vital asset documentation allows you to access information about assets more efficiently, and make more informed maintenance decisions.
Accessing your asset data and putting it to use
One of the most important aspects of moving data and processes into an infrastructure lifecycle management system is the ability to access data on all of your assets from one system, giving you accurate, efficient reporting. This type of reporting allows you to watch for key indicators of problems, such as an increase in work orders that may indicate that a particular asset might have serious problems, or an increase in energy usage that may indicate theft of diesel fuel. Your system should allow you to see those key indicators in a summary view and then easily drill down into your data to uncover the source of the problem and determine the best course of action to resolve it quickly.