Asset Lifecycle Information Management (ALIM)

Data Capture: Manually and/or automatically (e.g., sensors, systems) collecting data from sources (e.g., purchase orders, maintenance records, inspection reports) is vital for informed decision-making and comprehensive asset management. It ensures accurate insights, optimises operations and enhances overall efficiency and cost-effectiveness.

Data Storage: Storing asset-related data is essential for quick, easy access and retrieval throughout an asset's lifecycle. Data is stored via databases, cloud-based solutions and/or specialised software.

Data Organisation: Effective organisation of asset data is necessary for easy retrieval and analysis. Data is categorised based on asset type, location, maintenance history or customised criteria.

Asset Identification and Tracking: Each asset having a unique identifier (e.g., barcodes, radio-frequency identification tags, serial numbers) is vital for precise location monitoring, status tracking and accurate historical records. It ensures efficient asset management, minimises errors and facilitates timely decision-making for optimal operational performance.

Maintenance Records: Keeping detailed maintenance records (e.g., scheduled maintenance, repairs, replacements, associated costs), enables tracking of the health and performance of assets.

Compliance and Regulations: Ensuring assets adhere to industry regulations and safety standards is vital; as is the documentation of compliance efforts and inspection results.

Work Orders and Requests: Systematically recording and monitoring work orders and service requests related to assets helps prioritise maintenance tasks, ensuring optimal asset condition and timely service responses.

Cost Management: Managing the costs (e.g., purchase, maintenance expenses, depreciation, disposal) associated with assets ensures financial efficiency and sustainability throughout their lifecycles.