SOLUTION: ASSET MANAGEMENT
Land Parcels, Buildings, Utilities Infrastructure, HVAC Equipment, Education Technology Equipment, Computers, Fire Safety Equipment, Leases, and Landscape Elements can all be considered different forms of “Assets.” Some of these business problems related to asset management are financially focused such as managing allowable depreciation on assets. Some business problems are maintenance focused and deal with managing the work and costs associated with the maintenance of assets. Still other business problems focus on the challenge of planning the timing and size of capital required to keep the asset portfolio functioning in optimal condition.
InVision IS the System of Record
It makes sense to use InVision as the system of record for assets when the value of the asset is relatively small, when there is a regulatory requirement to regularly inspect the asset even though it is not a high-value asset, or when the organization cannot afford to invest in the deployment of a full-blown EAM or CMMS.
In these circumstances, InVision is well suited to deal with these business problems:
Inventory– locate the assets that we own or are responsible for as the first step in a larger business process
Classify– collect information about the type, make, model, size, status, etc. of an asset
Assess– collect information about the condition, replacement value, critical need for replacement, etc.
Inspect– inspection can be thought of as a regularly scheduled assessment
Plan– use information about the asset in a planning process: inspections, replacements, upgrades, or managing the status of (open these valves, close these roads, etc.)
Analyze– filter and analyze information related to assets to assess overall business value, liabilities, regulatory requirements, etc.
Report– create reports based on asset information. Reports may be InVision reports or exports of InVision data to Excel.
When InVision is NOT the System of Record
Most CMMS or EAM systems do not have a strong ability to locate assets – especially indoor assets. In these cases, InVision offers the opportunity for customers to associate accurate location information with the assets being managed in another enterprise system and to visualize, analyze and report on certain subsets of information being managed in the other enterprise system through a map-based interface.
In these circumstances, InVision is best suited for the following business problems:
Locate– provide an accurate location for assets whose primary data is being managed in another system
Visualize– visualize patterns of asset data (work orders, asset condition, etc.) in a geographic context
Analyze– visualize and analyze subsets of information being managed in another enterprise system in a map-based context
Initiate Action– in some cases, it may be valuable for users to be able to initiate an action (create a service request) in another enterprise system from an InVision app.