Over time it is natural for businesses to accumulate large amounts of capital equipment with much of it being of a high value. Typically we often see these high value items being IT equipment, health and safety assets, tools, instrumentation, specialist machines, lifting equipment, and much more. As these assets hold a significant value keeping track of them should be a vital task, however, when the number of these assets keeps on increasing manually keeping track of them all ends up becoming progressively more difficult.
Customers tend to approach us if they know they are overspending and purchasing unnecessary equipment they already own but cannot locate. Our client feedback shows us that typically companies tend to be overspending by a rate of 30% with it not being unusual for businesses to be operating at an asset inventory accuracy of less than 50%. Where asset registers run into millions of pounds this becomes a significant problem, however, with the right solution in place it means that the cost-savings to the business can be huge.
Codegate’s Lime software is the result of years of experience helping big companies improve their asset management. Lime can tell you where your assets are, where they have been, what state they are currently operating in, and when they are next due for calibration or maintenance. It is built to work with the latest automatic data collection technologies such as Bluetooth Low Energy (BLE), passive UHF RFID, Ultra-wideband (UWB), and GPS with cellular or LoRa backhaul. What this all means is that from utilizing Lime, assets can be tracked within real time without the need for any human intervention. Lime provides users the knowledge of how and when their assets are being utilized and provides an accountability for the user to make sure it is being properly maintained. With a potential 30% saving in the size of the asset register and a reduced over-purchasing we tend to find that our clients can typically see a return on investment within 12 months.
If you are looking for any further information or for any inquires please feel free to contact us with any questions and we will be happy to assist.