Tareta

Fixed asset management for a leading global manufacturer of temperature sensors

Background and Context The firm is a global leader in temperature sensors having its manufacturing and R&D centre in India. A New management was seeking ways to update management processes of fixed assets and in turn was seeking ways to: Adopt asset tracking process. Automate the asset management process. Traceability of assets. Initiate audit process. Solution A detailed discovery process from our side helped us put in place the following solution: Modified policy framework to cover all stages of asset lifecycle Institutionalized codification of assets using barcodes Deployed a data capturing process using handheld devices Business Impact As a result of our solution, the client has been able to derive the following benefits: Operational efficiency in asset management lifecycle by 40% Accuracy of data has improved by 70%(near real time updates) Easier fixed asset register analysis