Equipment Tracker
Equipment tracker – an automated, holistic approach to keeping track of assets and equipment.
Know the whereabouts of your assets and equipment onsite and schedule maintenance of equipment without any hassle.
Equipment tracker gives you complete knowledge of asset utilization, enabling better purchase decisions.
Novologic’s Equipment tracker saves you from delays in operation or decreased productivity. Save time and cut project costs.
Using the Equipment tracker, you can now send alerts to the maintenance team with the upcoming equipment maintenance.
Tracked and maintained assets aid in audit reports that do not leave any “ghost assets” window.
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Equipment tracking is a holistic approach to keeping track of assets and pieces of equipment. It is an automated process of managing and monitoring assets. Equipment tracking lets you know where your assets are located, who is using them, and any maintenance needs to be conducted.
- It is vital for the construction industry because construction organizations work in different places, and assets are moved from one place to another; this is where chances of asset loss are maximum. To avoid asset loss equipment maintenance comes in handy.
- For the construction industry equipment tracking software helps keep equipment in good shape. You can schedule maintenance easily without any issue. When assets are maintained, their performance is optimized and downtime is decreased. With equipment tracking, one can avail the following benefits:
- Maximize equipment usage – With the equipment tracking, you can know how many total assets are there in the organization, how many are used in daily operations, or how many are not used at all. With full knowledge of asset utilization, teams are empowered to make better purchase decisions of assets.
- Complete visibility of assets – With the equipment tracking, you can exactly know where your equipment are kept. Know the exact location of equipment. It saves assets from theft and misplacement. Many employees waste time as they keep on looking for the asset when asset misplacement occurs. As a result, delay in operation occurs, and productivity decreases.
- Automate regular maintenance – Maintenance is critical as construction industry assets are very costly and complex. They need to be maintained because if a sudden breakdown occurs, it will be time-consuming and the daily operation will suffer as well. Equipment tracking ensures that each asset gets maintenance as per the schedule. It alerts the maintenance team about the upcoming maintenance.
- Avoid equipment theft and loss – Thanks to Equipment tracking it keeps track and monitors every asset and helps avoid theft and misplacement. Theft creates problems in daily operation, impacting the productivity of the organizations.
- Eliminate ghost assets – When assets are misplaced or stolen, their records are not updated. If it is found in the audit, your organization might pay a massive penalty. With equipment tracking, you can keep accurate monitoring of equipment. Ghost assets are lethal for business; these are physically unavailable assets but are mentioned in the account books.
- Reporting and data analysis – When you have many assets in the organization, it becomes hectic to track them maintain them, keep their records. Reports help calculate the performance of each asset. You can control maintenance expenses, save money, & increase asset performance with calibration. Reports assist managers in making informed decisions. Reports are also helpful in the audit process. With the reports and equipment tracking software, you can verify assets physically and know the location of assets.
- In the construction industry, time is a crucial factor. To save time, assets need to be working correctly, employee coordination is essential, information sharing is vital. Lack of this leads to the project not being finished on time, which hampers business reputation. With Novologic, you can know about assets you own and where they are located and who is using them. Using Novologic’s trackers, you get the following benefits:
- Reduced asset loss
- Accountability of assets
- Adding security to assets
- Optimized performance
- Increasing uptime
- Scheduling maintenance, etc.
- Novologic’s Equipment Tracker save you a lot of admin. Implementing tracking procedures gives you more clarity over your equipment. In one system, you’ll have the ability to see what you own in an easy-to-use tracker, as well as any necessary asset information like:
- Know what you own
- Lose fewer assets
- Payless tax and avoid fines
- Book assets and check them out
- Manage maintenance
- There are a lot of common problems construction companies face, such as asset theft, asset loss, knowing the correct amount to invoice, and constant deadlines. With Novologic, you’ll be able to avoid these problems from a single, easy-to-use system. Tracking and managing your assets provides you with much visibility regarding equipment use, equipment location, and equipment condition. A construction site will run more efficiently to keep track of everything from colossal machinery down to safety glasses.
- Novologic’s cloud-based tracking system offers a variety of features to record equipment utilization. It also enables field teams to generate customized performance reports. This is important for business success because regular reports would allow companies to set goals and devise strategies to achieve them promptly.
- This is especially crucial for construction firms because delayed projects mean increased overhead costs. Here is how a relevant asset tracking report can help:
- Real-time insights into equipment lifecycle and costs
- Ability to regulate inventory cycles
- Implement improved asset security and accountability
- Run planned preventive maintenance events
- Set long term operational efficiency goals
Novologic Equipment Tracker at a glance
Improved scheduling of equipments to minimize delays and maximize opportunities.
Digital tracking of high lead time, as well as high-risk equipments.
Better organization and access to information through digital storage of all documentation such as maintenance logs, usage and downtime logs, etc.
Improved accuracy in budget forecasting and scheduling from better access to up-to-date data.
Equipment logs can be created or accessed from mobile devices at the construction site, or from a laptop from the site office. The Equipment Tracker summary page provides a snapshot of the status of used, in use, and to be used equipments.
Equipment logs are time stamped, and other information pertaining to the submission process is also saved.
Notifications are provided with the use of the equipment on the construction project site.
Option to create additional notes to document information relevant to the equipment.
Easily share, export, or print individual equipment logs, or the summary view of all equipment logs in a project.
Features such as drag and drop, and tag offer a simplified user experience in the Equipment Tracker module.
Attachment feature to add files in multiple formats.
Starred view feature with the option to add ⭐, ⭐⭐, or ⭐⭐⭐ for prioritization.
