Top 5 Enterprise Asset Management Challenges

by | May 19, 2020 | Blog |

​Enterprise asset management strategies help organizations maximize asset and equipment utilization through optimizing asset and equipment care. Asset care is needed from the procurement of an asset, through its operational lifecycle until the asset is decommissioned and replaced.

Oilfield, industrial, and environmental service companies can be asset-intensive. These organizations can have hundreds or thousands of assets. The assets can vary from heavy duty equipment to small spare parts.

Since these organizations have a high volume of assets, it becomes paramount for them to be able to track, manage, and maintain them to ensure they are efficient and effective. Enterprise asset management strategy is vital for an organization to derive maximum value from their assets.

LiquidFrameworks has spent countless hours on customer job sites conducting interviews with technicians and even talking to their customers to learn about the everyday challenges they face when it comes to managing assets. Click here or on the image to read the top 5 enterprise asset management challenges.