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How to improve asset management for your construction company

It’s fair to say that over the past few decades, the construction business has changed. Technology has a lot to do with this, as the equipment being used in offices and on sites is more advanced than ever before. Just as with every other business, email has replaced fax machines, file cabinets are a thing of the past and collaborative design software is the new pencil and paper. As far as the machinery is concerned, forklifts, dozers, cranes and excavators are more modern and user-friendly.

Social progress also has a role to play. Construction companies must comply with a number of different regulations, from ensuring that proper safety standards are put in place for workers on site to making the designs themselves environment and disability-friendly. Gone are the days of wheelchair inaccessible entrances and lead paint.

And yet, the more things change, the more they stay the same. The success of any construction company is still dependent upon its ability to manage many moving parts, and the introduction of new technology and stricter regulations only makes this more difficult. This is why an efficient asset management system is so essential.

Asset management means different things to different people, but the simplest and most straightforward definition comes from Wikipedia, which states that asset management “refers to any system that monitors and maintains things of value to an entity or group.” Wikipedia’s definition is broad enough to move beyond its use in the financial world but specific enough to keep the focus on the systems that are put in place to track things of value.

An asset management system allows companies to organize their resources more effectively, which in turn increases the potential for more growth. For your construction company, assets can range from physical assets like equipment and machinery to more intangible assets like time.

The best way for any fast-paced company to manage its assets is to implement a simple asset management system in the workplace. LiveTiles provides this asset management system in the form of a user interface that sits on top of SharePoint. With LiveTiles, your construction company can create a digital workplace that puts all relevant resources onto a single page. No coding experience is required. All that you will need to do is drag and drop applications onto the dashboard to provide team members with immediate access to all of the information they’ll need.

Let’s say, for example, that you want specific equipment for the next construction site. Simply click on the “Equipment/Machinery” tab. Want to know the schedule for the month? Click on “Schedules” so that you are up to speed. Need to check the full safety regulations for your workers? Head over to “Safety Regulations.” All of this information inevitably saves your construction company time and money as it is more organized and can more efficiently complete projects.

How to Improve Asset Management for Your Construction Company A Digital Workplace with LiveTiles Design

With LiveTiles, your construction company can control its resources without all of the usual fuss. As a result, you can compete in the contemporary business world, regardless of what changes within the industry. 

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