What are Business Assets? How do the staff in charge of managing business assets do it?

Business assets are critical plant assets and resources that help fuel an organization’s growth. Managers managing business assets often need the latest and most accurate information to achieve uptime and longevity goals.

To do this, they need the Best ERP Software available to help make proactive decisions to prevent situations in which a possible equipment breakdown is possible. The ERP solution should also help maximize productivity.

Microsoft Dynamics AX is listed as that software. After being customized for Enterprise Asset Management by a Microsoft Dynamics partner in India, companies managing these assets will be able to handle everything from managing, tracking and maintaining trucks and vans to saving time and money and improving performance and profitability.

There are several benefits of using Microsoft Axapta ERP for Enterprise Asset Management.

1. Companies get to work with a single set of data. There is a source of truth, a set of costs. It can be known that Enterprise Asset Management in Microsoft Dynamics AX makes full use of its other modules such as Inventory, Purchasing, and Planning. This is done to simplify complexities and costs. Administrators can avoid data duplication, system duplication, and the need for any kind of additional third-party solutions.

2. The best ERP software integrates easily with simple maintenance processes. The maintenance system is automatically activated with critical production information. Enterprise asset capabilities within Microsoft Axapta ERP that reserve corresponding downtime in the AX production schedule.

3. AX for Enterprise Asset Management ensures that paper records and transactions are kept to a minimum. Users can schedule ad scheduling work orders, standard donkey jobs, parts backwash, spares, material, and labor all in one transaction. Additionally, they can monitor quality by automating job creation as part of tracking, as well as monitoring all work and inventory.

4. A Microsoft Dynamics partner in India is an expert in customizing the solution, after which companies will be able to minimize equipment downtime and maximize production. Preventive maintenance helps to get an overview of the current state of the machinery and track the consumption of spare parts, allowing for proactive planning of production and optimal scheduling of service and inspections.

5. Ax helps improve performance in both the short and long term through KPIs. Companies can reap many production benefits in terms of equipment time, time between inspections, time between failures, and ROI.

There are several features in AX that make it clear why it is one of the best options for enterprise asset management:

1. Service object control: This helps to create objects and insert them into a hierarchical structure. Maintenance can be planned and executed at all levels. Statistics can then be created at the individual level.

2. Maintenance of Plants and Equipment: Production sends automatic triggers to maintenance and reserves planned downtime capacity. This leads to the two systems working together.

3. Preventive maintenance: This is calculated in advance based on the actual numbers entered into the system. This allows the company to plan maintenance work in advance through its own schedule.

4. Resource planning: This helps display available resources based on job type, object location, and capacity. Additionally, multiple work orders can be combined into a single work order.

5. Workflows: This helps ensure work orders follow a pre-defined process and jobs are not skipped. In addition, the stages of the workflow process are displayed graphically through work order and job type.

6. Management and documentation of spare parts: The master planning function considers all types of planned maintenance to ensure that all spare parts are in stock at the right time.

7. Preparation and Reconstruction: Acquired plant assets require rebuilding before being put into production. A work order for this job can be included in the service object history for the latest statistics.

8. Field service: End users can execute work orders through laptops connected to the central server. Offline and remote service facilities at AX ensure seamless execution of time registration, spare parts requests and spare parts consumption.

9. Rehabilitation and Fleet Maintenance: Corrective maintenance ensures you’ll be able to replace costly breakdowns with preventative maintenance, while fleet maintenance ensures you manage your fleet with preventative maintenance based on time, mileage, or perhaps both.