Asset Tracking in Enterprise Asset Management Dataset (Publication Date: 2024/02)

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Discover Insights, Make Informed Decisions, and Stay Ahead of the Curve:



  • Are you tracking the effectiveness of your response to the human rights impacts identified?
  • What tracking needs do you have outside of the common acquisition, movement and consumption of items?
  • What is the relevant legislation required for cases with an international dimension?


  • Key Features:


    • Comprehensive set of 1572 prioritized Asset Tracking requirements.
    • Extensive coverage of 126 Asset Tracking topic scopes.
    • In-depth analysis of 126 Asset Tracking step-by-step solutions, benefits, BHAGs.
    • Detailed examination of 126 Asset Tracking case studies and use cases.

    • Digital download upon purchase.
    • Enjoy lifetime document updates included with your purchase.
    • Benefit from a fully editable and customizable Excel format.
    • Trusted and utilized by over 10,000 organizations.

    • Covering: Maintenance Management Software, Service Contracts, Asset Life, Asset Management Program, Asset Classification, Software Integration, Risk Management Service Asset Management, Asset Maintenance Plan, Return On Assets, Management Consulting, Asset Tracking Data, Condition Monitoring, Equipment Tracking, Asset Disposition, Maintenance Outsourcing, Risk Assessment, Maintenance Automation, Maintenance Budget, Asset Efficiency, Enterprise Asset Management, Asset Database, Measurements Production, Fixed Assets, Inventory Control, Work Orders, Business Process Redesign, Critical Spares, Equipment Maintenance, Asset Allocation, Asset Management Solutions, Work Order Management, Supplier Maintenance, Asset Tracking, Predictive Maintenance, Asset Performance Analysis, Reporting And Analysis, Maintenance Software, Asset Utilization Rate, Asset Portfolio, Data Management, Lifecycle Management, Asset Management Tools, Asset Renewal, Enterprise Discounts, Equipment Downtime, Asset Tracking Software, Service Asset Management, Maintenance And Repair, Asset Lifecycle, Depreciation Tracking, Asset Utilization Management, Compliance Management, Preventive Maintenance, Breakdown Maintenance, Program Management, Maintenance Contracts, Vendor Management, Asset Maintenance Program, Asset Management System, Asset Tracking Technology, Spare Parts, Infrastructure Asset Management, Asset Risk Management, Equipment Reliability, Inventory Visibility, Maintenance Planning, Asset Maintenance Management, Asset Condition, Asset Preservation, Asset Identification, Financial Management, Asset Recovery, Asset Monitoring, Asset Health, Asset Performance Management, Total Cost Of Ownership, Maintenance Strategies, Warranty Management, Asset Management Processes, Process Costing, Spending Variance, Facility Management, Asset Utilization, Asset Valuation, Remote Asset Management, Asset Audits, Asset Replacement, Asset Tracking Solutions, Asset Disposal, Management Systems, Asset Management Services, Maintenance Forecasting, Asset Ranking, Maintenance Costs, Maintenance Scheduling, Asset Availability, Maintenance Management System, Strategic Asset Management, Maintenance Strategy, Repair Management, Renewal Strategies, Maintenance Metrics, Asset Flexibility, Continuous Improvement, Plant Maintenance, Manufacturing Downtime, Equipment Inspections, Maintenance Execution, Asset Performance, Asset Tracking System, Asset Retirement, Work Order Tracking, Asset Maintenance, Cost Optimization, Risk evaluation techniques, Remote Monitoring, CMMS Software, Asset Analytics, Vendor Performance, Predictive Maintenance Solutions, Regulatory Compliance, Asset Inventory, Project Management, Asset Optimization, Asset Management Strategy, Asset Hierarchy




    Asset Tracking Assessment Dataset - Utilization, Solutions, Advantages, BHAG (Big Hairy Audacious Goal):


    Asset Tracking


    Asset tracking is monitoring the success of addressing identified human rights impacts.


    1. Utilize real-time asset tracking technology to monitor and record asset performance. (Accuracy, efficiency, cost-effectiveness)
    2. Implement GPS tracking to improve visibility and efficiency in asset transport and maintenance. (Time-saving, cost reduction, improved planning)
    3. Use RFID tags to track equipment condition and schedule preventive maintenance. (Increased equipment lifespan, reduced breakdowns)
    4. Utilize asset management software to track asset data, such as usage, maintenance history, and compliance. (Improved decision-making, streamlined processes, compliance management)
    5. Implement barcode scanning to quickly and accurately identify and track assets. (Reduced errors, improved inventory management, cost-effective)
    6. Utilize wireless sensors to monitor asset health and detect potential issues. (Proactive maintenance, decreased downtime, cost-effective)
    7. Use cloud-based asset tracking platforms for enhanced accessibility and data management. (Real-time visibility, centralized data, scalability)
    8. Implement mobile asset tracking applications for on-the-go asset monitoring and management. (Convenience, accessibility, increased productivity)
    9. Utilize asset analytics to gain insights and make data-driven decisions for improved asset management. (Efficiency, cost-saving, predictive maintenance)
    10. Implement regular physical audits to ensure accurate asset tracking and data integrity. (Reduced asset loss, accurate financial reporting, compliance)

    CONTROL QUESTION: Are you tracking the effectiveness of the response to the human rights impacts identified?


    Big Hairy Audacious Goal (BHAG) for 10 years from now:

    In 10 years, our company will have implemented a fully integrated and advanced asset tracking system that not only tracks the physical assets of our organization, but also monitors the effectiveness of our response to human rights impacts identified in our operations. Our goal is to ensure that all stakeholders involved, including employees, suppliers, and local communities, are treated with dignity and respect throughout our supply chain.

    Through our comprehensive asset tracking system, we will be able to track and measure key performance indicators such as employee satisfaction, supplier diversity, and community engagement. We will also work closely with our partners and suppliers to continuously improve our human rights standards and practices, ensuring that they align with international guidelines and best practices.

    Our ultimate vision is to become a leader in responsible and ethical asset tracking practices, setting a benchmark for the industry and inspiring others to prioritize human rights in their operations. By doing so, we hope to contribute to a more equitable and sustainable world for all.

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    Asset Tracking Case Study/Use Case example - How to use:



    Client Situation:
    A multinational company with operations in various developing countries is facing increasing pressure from stakeholders to address human rights issues in their supply chain. The company has identified potential human rights impacts, such as forced labor and unsafe working conditions, in their supply chain but lacks an effective way to track the implementation and effectiveness of their response to these issues. They recognize the importance of ensuring ethical and sustainable practices throughout their supply chain, not only for reputation management but also for legal compliance and risk mitigation.

    Consulting Methodology:
    To help the client address their human rights impacts and effectively track their response, our consulting firm utilized an asset tracking approach. This approach involves the use of data and technology to monitor and manage the company′s assets, including their supply chain processes and practices, to ensure transparency and accountability.

    Deliverables:
    Our team conducted a thorough assessment of the client′s current supply chain processes and identified key areas where human rights impacts could occur. Based on this assessment, we developed a comprehensive asset tracking system that would enable the client to monitor and evaluate their response to the identified human rights impacts. The system included:

    1. Risk Assessment Tool:
    We developed a risk assessment tool to identify and prioritize potential human rights impacts in the supply chain. The tool considered various factors such as geographical location, supplier country, and type of industry to determine the level of risk associated with each supplier.

    2. Supplier Code of Conduct:
    In line with international standards and guidelines on responsible business conduct, we helped the client develop a supplier code of conduct. This code outlined the minimum standards and ethical principles that all suppliers were required to adhere to. The code was integrated into the asset tracking system to ensure compliance.

    3. Data Management System:
    To effectively track and monitor the implementation of the supplier code of conduct, we developed a data management system. This system was integrated with the existing supply chain management software to collect, store, and analyze data on supplier compliance with the code of conduct.

    4. Stakeholder Engagement Plan:
    We also developed a stakeholder engagement plan to involve relevant stakeholders, such as NGOs, trade unions, and local communities, in the asset tracking process. This helped improve transparency and credibility in the company′s efforts to address human rights impacts.

    Implementation Challenges:
    The implementation of the asset tracking system faced several challenges, including:

    1. Resistance from suppliers: Some suppliers were initially resistant to the supplier code of conduct, citing increased costs and stringent requirements. Our team had to work closely with the client to address these concerns and provide support to suppliers to ensure understanding and compliance.

    2. Data collection and management: The client′s supply chain data was scattered across different systems and departments, making it difficult to collect and manage. Our team had to collaborate with the client to streamline their data systems and integrate them with the new data management system.

    3. Limited resources: The client had limited resources for monitoring and evaluating their supply chain processes. Our team had to work within these limitations and provide cost-effective solutions.

    KPIs:
    To measure the effectiveness of the asset tracking system, we identified the following key performance indicators (KPIs) to track:

    1. Supplier compliance: This KPI tracked the percentage of suppliers that were compliant with the supplier code of conduct.

    2. Risk reduction: We measured the decrease in the number of identified human rights impacts in the supply chain as a result of the implementation of the asset tracking system.

    3. Stakeholder satisfaction: We gathered feedback from relevant stakeholders to gauge their satisfaction with the company′s efforts to address human rights impacts.

    Management Considerations:
    It is essential for the client to regularly review and update the asset tracking system to ensure its effectiveness. They should also consider integrating the system into their broader sustainability strategy and engaging in continuous stakeholder dialogue to improve transparency and accountability. Additionally, the client should invest in capacity building activities for their suppliers to ensure sustainable compliance with the supplier code of conduct.

    Conclusion:
    The asset tracking approach has been a successful way for the client to effectively identify and address human rights impacts in their supply chain. It has provided transparency, accountability, and credibility in their efforts to promote ethical and sustainable practices. With continuous monitoring and evaluation, the client can demonstrate their commitment to responsible business conduct and mitigate potential legal and reputational risks.

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