Why Asset Management Matters

AlexDispatching, Field Service, Oil and Gas, Paving

Keeping track of your assets in the field is a crucial part of a field worker’s job. Particularly in industries such as oil and gas, paving, and construction; the equipment can be enormously expensive. You need to have a view at all times into where heavy equipment is to get the most use out of it. In this blog, we’ll explore how a Field Service Management solution can help you get the most out of your business assets.

Increasing Efficiency & Reduce Downtime

Heavy machinery is a massive investment. Not having it in use as often as possible is a missed opportunity and likely quite costly. However, with a scheduling software, you can reduce downtime and ensure that all assets are being utilized to their full potential. 

Imagine owning a paving company, and have two paving trucks between three job sites on a given day. It would help if you had a clear plan for when those two trucks will be at each site, or else a large portion of your team’s day will be spent waiting around for needed materials. But aside from a reduction in services performed, excessive downtime can jeopardize client relationships and lead to a loss of trust. In addition, having asset availability visible for your salespeople gives them a clearer idea of when they can schedule jobs.

The more robust and all-encompassing your scheduling software is, the more you will get out of each of your assets and the more benefits your business will enjoy.

Maintenance & Compliance

Maintaining heavy machinery is extremely important. A frequent problem service businesses run into is failing to keep up with routine maintenance or having to take a piece of machinery out of service due to compliance issues. Inspections may need to be scheduled well in advance, and having a heavy paver, for example, out of service and waiting for a required assessment for an extended period, could be devastating for your business. 

An FSM solution can help you keep track of the machinery’s service history, and schedule maintenance well in advance during off-peak times. Any inefficiency eliminated leads to increased profits. ServiceEcho also has a checklists feature, which can be used to generate reports that make following compliance requirements much easier. Utilizing these tools will lead to increased efficiency for your business.

Asset management is helpful in many different industries, and is one of the most powerful features that ServiceEcho offers. To learn more about this feature, or any of our other features such as mapping and routing, inventory management, or team tracking, book a demo with us to learn more.