Lifecycle Management

Asset Lifecycle Management (ALM) offers numerous benefits that can significantly enhance business operations. This systematic approach to managing assets not only improves efficiency but also ensures regulatory compliance, creating a solid foundation for sustainable business growth.

What is Asset Lifecycle Management?

Effective asset lifecycle management involves being both aware and accountable towards everything associated with the fixed asset of your business – from deployment through to replacement. All costs associated with an asset need to be factored in to determine the total cost of ownership for each vehicle. This information can then be used as a benchmarking tool to determine which are the most cost-effective and suitable assets for your company.

Lifecycle Management Services

At Data Fleet, we have designed our ongoing lifecycle managed services to support you and your business growth. When you partner with Data Fleet, we help update your asset registry when you introduce new or revised asset changes. Also, we assist in adding these changes to your CMMS system through our ongoing CMMS data implementation services.

Besides continuous asset data collection, our lifecycle managed services also include reporting, benchmarking, and the use of analytic information to uncover insights into where risks are located, how assets are used, and how to optimize costs without incurring additional risk.

While there are many opportunities to extract value from the asset registry data, the following are two that can have a significant impact on the bottom line:

Predictive Maintenance

With current inventory data on hand, we can help you reliably estimate when a piece of equipment needs inspection or when it may fail before failure occurs. As a result, you will stay current on safety checks and proactively shop for the best price on a replacement or repair before it is needed.

Capital Planning

By leveraging lifecycle managed services, we can help you protect future capital expenditures. When we project capital expenses based on life cycle and repair algorithms, we will help you plan for any future financing you may need.

The Main Pillars of Asset Lifecycle Management

Data Fleet provides comprehensive lifecycle management services that make it easier for businesses to manage their fixed assets. Our experts will work with you to develop customized solutions that are tailored to your specific needs. Our services include asset tracking, cost management, predictive analytics, and compliance reporting. We will guide you through every step of the process to ensure that the solution is optimized for maximum efficiency and return on investment.

Asset Tracking: Gain real-time visibility into your asset portfolio for a 360-degree view by tracking each asset’s lifecycle from acquisition through utilization and up to disposal.
Cost Optimization & Compliance: Improve cost management with automated depreciation calculations and thorough compliance reporting while also gaining insights into potential risks.
Maintenance Strategy: Utilize predictive analytics to identify and address maintenance issues before they occur, resulting in increased cost savings and improved performance.

We are also committed to developing long-term relationships with our clients by providing ongoing support and guidance throughout the asset lifecycle. Our team of experts is available 24/7 to answer any questions and address any issues that may arise.

Data Fleet’s Asset Lifecycle Management solution can help you improve your operations and increase profitability by streamlining processes, optimizing costs, and ensuring compliance. Contact us today for more information about our services and how we can help.

Other Services

Spatial Capture Services

Using advanced technology, we scan your building to create a digital twin walkthrough. Also included are floorplans and CAD-compatible outputs, so you have insights into your internal needs now and in the long run.

Drone Services

Data Fleet will manage the entire drone process for you, including piloting drones, capturing data and providing insights about your assets. We will deliver high-quality, cost-effective image and video data for analysis.

Return on Investment & Total Cost of Ownership

Keeping an evergreen asset registry is critical because “you can’t manage what you don’t know.” With Data Fleet’s help, you can realize the following and more.

Companies have realized up to 20x cost savings with increased visibility and knowledge, helping to optimize CMMS performance.

When your asset inventory registry is current and properly tagged, the cost-saving impact in these areas has proven significant, especially when integrated into a CMMS system. Companies have reduced their overall repair and maintenance spend by 18% to 20% alone.

With accurate data on all major assets in a centralized CMMS platform, companies have minimized risk, improved operational efficiency, maximized asset uptime, and improved business performance.