Asset Management Systems

1
Asset Management Systems

• FA 1 Accounting and Finance

2
Outline

• Introduction of asset management technology
  family
• Brief definition of the 2 technologies MRO and
  Hardcat
• Comparison of the technologies
• Recommendation
• Wrap-Up

3
Asset Management Technology Family

• Evolved from Maintenance Management Systems (MMS)
• MMS utilize work orders for predictable asset
  tracking and recording, managing inventory
  levels, and maintaining labour scheduling
• Goal of asset management technology is to
  effectively and efficiently manage assets in an
  organization
• Can be applied for various functional areas
  within an organization
• Works best when applied to an ERP system

4
The Two Technologies

• MRO Enterprise
• An IBM Subsidiary Company for over 25 years
• Features
• Asset data including location, work and cost
  history are tracked over time
• Location and equipment hierarchies enable costs
  to be rolled-up across systems, subsystems and
  locations
• Condition monitoring support

5
The Two Technologies

• Hardcat Software
• Specializing in fixed asset management services
  since 1986
• Features
• Detailed record keeping and powerful reporting in
  the business
• Complete analysis of costs in implementing
  changes
• Delivering accurate, up-to-date information for
  informed decision making

6
Comparison
Its large market share indicates how companies
are using this technology for best practices.
7
Comparison

• MRO is more costly when compared to Hardcat, but
  provides better value.

8
Comparison

• By other major firms evaluations, MRO has
  received better scores when compared to Hardcat

9
Comparison

• On avearge, these were the R.O.I.s on a yearly
  basis gathered by other large firms using this
  software after implementing it

10
Comparison

• From the evaluation we conducted, using the TET,
  MRO is better in quality versus Hardcat.

11
Our Recommendation

• MRO Software!
• Easy and inexpensive maintanence
• Great implementation practices
• Has better reputation

12
Total Costs R.O.I.
13
Leverage

• Can be used throughout petGRO
• Work Management
• Service Management
• Contract Management
• Material Management
• Procurement Management