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Asset Register and Inventory Optimisation
Shield Assets recognises that an organisation’s asset register is the backbone of asset management capability. Its critical role connects corporate objectives with business structures by strengthening content and validity, effectively aligning asset portfolios with processes and resources.
An asset register serves as the central repository of asset information, providing valuable insights for decision-making processes. Shield Assets supports businesses in consolidating essential data such as asset identification, purchase information, location, maintenance history, and depreciation. By maintaining an accurate and up-to-date asset register, organisations can enhance financial control, improve asset utilisation, and ensure compliance with regulatory requirements.
At Shield Assets, we simplify complex solutions through inventory optimisation and alignment of the asset register system. Our approach integrates enhanced data such as demand needs, lead time, and economic modelling to identify optimal inventory levels. This holistic strategy allows our clients to balance stock availability with cost efficiency, reducing the risk of operational delays while minimising inventory costs.
Our experienced team works closely with yours, implementing best practices in asset register and inventory management. We leverage various proprietary and bespoke asset management software tools, understanding the importance of capturing, storing, retrieving, and protecting your valuable data. By eliminating manual processes and implementing robust exception management systems, we help organisations focus on high-value assets and critical inventory items, driving performance improvements.
Here are three benefits of our Asset Register and Inventory Optimisation:
1
Improved Efficiency
With an accurate asset register and life cycle optimisation plan, you can streamline your operations and reduce waste.
This leads to improved efficiency, saving you time and money in the long run.
2
Cost Reduction
Identifying underutilised assets and reducing redundancy can help you cut costs and maximise the value of your assets. Our team can help you find ways to extend the lifespan of your assets and reduce the risk of downtime or failure, saving you money on repairs and replacements.
3
Compliance and Risk Reduction
Our assurance and governance auditing services ensure that your asset inventory is compliant with industry standards and regulations, reducing the risk of costly fines or penalties. This gives you peace of mind and protects your business reputation.
At Shield Assets, we offer comprehensive Assurance and Governance Auditing services that help businesses optimise their asset management. In addition, our team works with you to develop a customised asset register that accurately reflects your inventory, including identifying underutilised assets, reducing redundancy, and eliminating waste.
At Shield Assets, we partner with our clients to achieve their goals by making them our own. Using business intelligence, industry innovation, and benchmarking, we align our client’s objectives with their internal capabilities, targeting collecting the correct data using the proper process to generate actual value.