- 70%
Decrease maintenance costs
Azm University revolutionized its equipment management, reducing costs and increasing efficiency through a cutting-edge asset management system. The system enabled real-time tracking, optimized warranty management, and improved maintenance practices.
About Azm University
Azm University in Lebanon is renowned as one of the region’s most prestigious and important institutions. However, it was previously grappling with ongoing challenges in managing its equipment and assets. These challenges were primarily due to the haphazard relocation of equipment, resulting in a lack of a system to accurately assign responsibility. Additionally, the university was incurring substantial additional costs due to the misuse of equipment warranties and increased maintenance expenses, despite most of its equipment being relatively new.
The challenge
Azm University required a comprehensive solution to enable it to effectively track the locations of its assets and manage equipment warranties and maintenance. The primary issue was the inability to precisely determine the location of equipment, leading to a loss of control over assets, increased maintenance costs, and a reduced efficiency in utilizing available warranties.
Services Used:
The Solution
Tragging Fixed Assets Solution
The university adopted Tragging fixed asset management system that leverages advanced RFID technology. This system has empowered the university to accurately track equipment locations in real-time, identify individuals responsible for each asset, and effectively manage equipment warranties. Furthermore, the system has enabled the university to enhance maintenance operations through scheduled routine maintenance and performance data analysis to reduce costs and extend asset lifespan.
The Results
Following the implementation of the system, Azm University has undergone a radical transformation in its equipment management. The university can now precisely pinpoint equipment locations and hold individuals accountable, thereby reducing instances of unauthorized relocation. Additionally, it has managed to decrease maintenance costs by optimizing the utilization of available warranties and improving maintenance operations through preventive and predictive maintenance.
- Enhanced asset tracking
- Optimized warranty management
- Improved maintenance
- Cost reduction
- Increased efficiency
Conclusion
A Model of Efficient Fixed Asset Management
Azm University has successfully overcome the challenges of managing its fixed assets thanks to the advanced system it has adopted. This solution has not only improved the efficiency of its operations but has also contributed to cost reduction and increased effectiveness, solidifying its position as one of the region’s premier universities.
+70 %
Decrease Maintenance Costs
+426%
Reduced Fixed Assets Inventory Time
0%
Lost Asset Rate
