Wireless condition monitoring
Traditional FAS software solutions adopted pen and paper methods to maintain registers that give information on the written down value (WDV), depreciation and other aspects of accounting and every asset had a number written on them for easy identification.
Then we had the bar code enabled fixed asset management solutions that allowed ease of inventory taking during the year end book closure of the firm. The third generation solutions incorporated tags, whereby a hand held scanner identified the fixed asset.
Modern fixed asset software systems incorporate many more aspects in to the solutions by integrating non invasive wireless sensor devices that can ascertain the location, temperature, humidity, operating environment, power consumption, usage, tilt, abuse and other parameters that enable firms to bring predictive analytics features – tells when a fixed asset machinery is likely to fail or when a certain spare or consumable is to be changed or refitted.
Wireless asset monitoring solutions
The benefits of wireless sensor solutions are many. The new generation fixed asset solutions are IBM Bluemix / Cumulocity cloud enabled, providing seamless access to information for various departments such as finance, operations, maintenance, dispatch etc to co-ordinate effectively. Cloud enabling would mean that companies spend less time in managing local servers and internet bandwidth. For security and compliance perspectives, the cloud could be located within the country – Singapore for example could hosts its own data for faster access of information.
Equipment condition monitoring solutions include operational aspects such as preventive maintenance, service calls, service engineer logs, scheduled maintenance, locations. Wireless sensor enabled fixed asset software solutions are the latest of technologies being adopted by small businesses worldwide and they help firms to reduce man power, improve asset efficiency and improve operational control through accurate measurement of Mean time Between Failure (MTBR), Mean Time Between Repair (MTBF)
Responsive design methodologies using Acquia Drupal 8 enables users – managerial staff at office and field service engineers to access the fixed asset monitoring parameters using smartphones, tablets and desktop devices on a host of operating systems such as Windows 10, Android, MacOS and Ubuntu.