Every company is sitting on a warehouse full of disparate and disconnected data, from their operations to their customer activity. Data comes from their Field Data Collection scanning. It comes from their Warehouses and 3PL systems. It comes from BSS and OSS systems. It comes from legacy systems. It comes from everywhere… in massive, massive quantities.
Asset tracking lets you collect this deluge of critical inventory data from defined physical units and any known, scanned, or connected devices. This asset data includes model numbers, serial numbers, value, warranty information and a slew of other data points. This information is collected online or offline and (ideally) sent to verify, reconcile, and update all connected back-office systems. These systems are the lifeblood of so many departments – almost all of them, to be more clear. Finance, Procurement, Engineering, Operations, Supply Chain, and more want to have a clear understanding of the asset universe to lower capital expenditures without increasing operational costs.
This approach typically means having visibility, insight, and control of your assets (infrastructure, tools, equipment, gear, components, hardware, software, etc.) from end to end. This requires you to know exactly what’s deployed, active, dormant, hoarded, stolen, lost, misappropriated, overstocked, or understocked. Relying solely on purchase invoices to provide a full accounting of your network assets is similar to being nearly blind. That only shows a partial view from a specific time but doesn’t even begin to show the whole picture.
After data is harvested, the key is to have a central reconciliation process that takes (and verifies) inputs from any possible source, so it has full visibility. Then the central asset database of record can push out the best possible data to those same connected systems, so you can maintain accurate records at every location. This process makes every single aspect of your asset records better at ever possible reference point, improving companywide CAPEX, OPEX, and business efficiencies.
In short, successful businesses are able to centralize, reconcile, and verify the raw volumes of data, turning bits and bytes into actionable intelligence. For EVERYONE. To have accurate visibility, insight and control of your assets from end to end, you have to have Fulcrum Technologies’ Siteline App® in the center of all of your connected systems. This improves the accuracy of the data by means of data reconciliation as well as data collection. This ensures the integrity of asset information, reduces the need for physical audits and serves as the database of record for all assets. Possibly most important – it feeds all company business systems, which can be integrated using APIs.
Business Systems are technology driven business processes that work together to provide a value proposition that delivers against the critical business needs on a broader scale. In other terms, a collection of connected business/technology processes connecting workflows, data, intel, actionable insight, and workers together – based on specific functions. Business Systems are frequently identified by their department names, such as Procurement or Finance, and there are many types that all can be data-fed via Siteline – here are some examples:
- Enterprise Management
- Warehouse Management
- Business Intelligence
- Financial Management
- Operations Management
- Facilities Management
- Inventory Management
- Equipment Management
- Information Management
- Supplier / Vendor Management
With Siteline, all of them can be fed. With the most pure data they have ever seen. For more information please visit: https://fulcrum.net/siteline-app/