Asset Tagging, Inspection and Tracking is becoming a major challenge to every Asset Intensive Organisation as part of their Asset Management activity. In the current scenario, keeping track of asset spread across different locations, their current status, asset tagging, warranties, maintenance schedules, inventory, expiry etc. for the complete asset life-cycle is a time consuming and manual job.

TiMAD’s Asset Inspection solution has been designed based on the Asset Life Cycle Process and helps to better manage the assets by minimizing the manual overheads. The solution also helps to improve the overall efficiency and data quality as against the excel based process.

TiMAD, through it’s partner network also helps in integrating the outcome of this process with Accounting to better manage asset depreciation value and reduce tax liabilities

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Key Features

Asset Tagging

Asset Tagging using Barcode, QR Code or RFID

ERP Integration

Integration of TiMAD’s Asset Inspection mobile solution with ERP and updation of Asset Tag code in ERP

Asset Maintenance

Preventive, Corrective or Breakdown Maintenance of the Assets using TiMAD’s Maintenance Solution (CMMS)

Inventory Control

Asset Stock Monitoring and Asset Warranty tracking

Reporting

Business Reports and Dashboards

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Successful Cases

Current Industry Challenges

Existing processes in place are manual and neither effective nor accurate.
Excel based manual process leading to gaps in asset recording.
Lack of Asset Tagging is leading to difficulties in tracking the assets
Under-performing assets due to lack of proper maintenance results into lower throughput
Large number of assets lying un-noticed causing a considerable increase in the dead asset cost.

key Value Drivers

  • Fully integrated solution to address the complete Asset Management process
  • Single application to keep track of Asset Inspection, Asset Tagging and Asset Tracking
  • RFID/Barcode enabled solution for Asset Tagging
  • Asset Scanning to avoid manual errors in inspection data gathering
  • Manage parent/child relationship between the assets
  • Provision to discard the asset with real time inventory updates
  • User friendly and Easy to Use solution design to increase the acceptability in the field work force
  • Seamless integration of the data with legacy systems
  • Flexible reporting features
  • Configurable application design to best suit the organization level SOPs

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