Asset management is an essential add-on to manage, maintain, and track the physical assets of an organisation on a regular basis. Such assets include machines, forklifts, vehicles, and other complex equipment.
The asset management module of Dynamics 365 SCM not only manages assets but also tracks all maintenance and service activities. This module empowers businesses to streamline all machines and physical assets by maintaining them in the best possible condition. With proper tracking and maintenance of the machine, you can smooth daily operations and enhance overall efficiency while reducing operational costs.
Track and record all assets containing different parameters of health, which include purchase data, warranty data, service records, and scheduled maintenance.
Collect data through AI and IoT devices to maintain asset health and predict potential issues that can hamper asset performance.
Evaluate the assets to schedule preventive maintenance and servicing activities to avoid any kind of fault or breakdown, and track work orders.
Modify information related to any asset using a dedicated mobile application that you can access without any issue.
Implementing the asset management module of Dynamics 365 Supply Chain Management can give you control over all asset inventory, vehicle maintenance, and schedule services. Also, it eliminates all possible risks that can hamper the smooth functioning of assets or production machines. It avoids any kind of disruption and ensures a consistent workflow throughout the production cycle.
Asset Management is an advanced module that offers numerous tools and capabilities to manage and maintain assets while streamlining maintenance jobs. It is capable of scheduling maintenance jobs, tracking work orders, collecting historical data, and optimising inventory levels. Some of its core functionalities are:
The asset management module offers various practical benefits to all businesses. Some of the major benefits are:
Perform scheduled maintenance or service on machines to ensure proper functioning and eliminate any chances of unplanned downtime and equipment failure.
Perform proper maintenance planning, ensuring the right availability of resources, spare parts, and expertise to resolve any kind of complex issue.
Proper servicing and replacing parts before they start to malfunction increases the overall life of assets and reduces the cost.
Get real-time data insights to maximise asset performance while optimising the maintenance strategy.
Record all asset data and centralise it for a unified approach. Also, you can see the asset history and machine service record to simplify auditing processes.
Optimise the usage of assets to enhance performance and identify areas for improvement to enhance overall output.
The asset management module of Dynamics 365 Supply Chain Management allows you to make maintenance plans and track the usage of all assets, whether poorly or over utilised.
Microsoft is so flexible that it enables you to integrate an asset management module with any solution available in the Dynamics 365 Ecosystem. Leveraging this capability, you can integrate Dynamics 365 Finance with Dynamics 365 SCM to connect different departments and work in a collaborative way. Some of the major industries where asset management can be utilised are: