What is Asset Utilization?
Asset utilization measures how effectively a company uses its assets to generate revenue. Simple, right? In an industrial context, assets include machinery, equipment, tools, and even human resources — and how well the company uses them. The interpretation behind this metric is plain-and-simple: A high number indicates that these assets are being used efficiently to produce maximum output, while low asset utilization suggests underuse or inefficiencies. In a factory plant, the assets can be:
Keep reading
Enterprise Asset Management: Everything You Need To Know
Enterprise Asset Management (EAM) It’s more than just keeping track of your stuff, it’s a strategic approach that optimizes how you use your equipment. Think of it as the conductor of your entire operation, making sure everything runs smoothly and efficiently. EAM has come a long way. It used to be all about spreadsheets and filing cabinets, but now it’s a sophisticated system that integrates with your whole business. Rule Asset Management Today It helps you predict maintenance needs, schedu
Billy Cassano
Remote Equipment Monitoring: Everything You Need To Know
Imagine you’re the conductor of a symphony. Every instrument is vital. In an industry scenario, unlike an orchestra, your equipment can’t exactly tell you when they’re about to go off-key. So, how do you keep the music playing? Traditionally, the answer involved a lot of legwork — constant check-ups, a watchful eye on gauges, and hoping for the best. But the industrial landscape is changing its tune. Enter Remote Equipment Monitoring (REM), a technological shift that’s more than just keeping a
Billy Cassano
Which Assets Can TRACTIAN Monitor?
Unfortunately, it’s normal for maintenance to be remembered only in times of crisis. Teams will often implement reactive maintenance strategies when they should be using predictive or preventive maintenance, which results in increased costs. This only hinders maintainers, delaying the company’s innovation and efficiency. With massive amounts of assets to monitor it can be difficult for maintenance teams to stay on top of things, especially with the spreadsheets most managers still use. TRACTIAN
Alex Vedan
Comprehensive free materials for your maintenance and reliability
Get free access to materials for increased productivity and an optimized maintenance routine.