Best Construction Equipment Management Software

1. NYGGS System: 7 Must-Know Features and Their Benefits Equipment Management When you think of equipment, your mind probably goes straight to your bank account. However, equipment management is the practice of understanding and tracking all of your physical assets. Equipment tracking is crucial in construction to effectively manage physical assets and ensure knowledge of available resources. That is why, a Best Equipment Management System is a wise investment that will pay off in the form of significant financial savings in the long run. In this blog, we’ll provide you with an overview of the features of a Best Equipment Tracking System. So, let’s get started. What is an Equipment Management System? Equipment tracking occurs when a company tracks its physical assets. In order to do this, you must equip your equipment with a location tracking device (GPS), a barcode scanner, or a radio-frequencyidentification (RFID). An Equipment Management Software provides a centralised interface that unifies all equipment tracking functionalities within a single system. Your physical assets can be things like generators, vehicles, machinery (cranes or JCBs), or other mechanical equipment. Assets provide value to your business and are essential for business functioning. Additionally, tangible assets are these physical items, while intangible assets include contracts, software you own, and patents.

2. So, Equipment Management System helps you to keep a bird's eye on all your equipment within a software system. It becomes a very crucial tool when you're in the construction business because construction involves a multitude of hardware gears to build infrastructures. Moreover, if the company doesn't manage its equipment correctly, it may result in a significant loss and unwanted project delays. What Are The Key Features of The Equipment Management System? An Equipment Management System provides several essential features and functionalities, such as: Equipment Information Management The system can seamlessly handle all equipment profiles with information on equipment type, model, serial number, and all other basic details. Additionally, it offers centralised storage for a full-text search of equipment manuals, insurance and warranty documentation, and more. Also, you can create various electronic forms (pre-shift inspection forms, hours of service logs, maintenance checklists, reports, etc.) for employees to complete on the site using phones and tablets. Information management makes the system handy as you can see everything about your equipment on a unified screen. Equipment Monitoring Equipment Management System allows you to monitor each and every activity of the equipment. Also, it tracks the condition of the hardware using sensors like (rotation, temperature, speed sensors, etc.). Additionally, you can track:  The location and availability of equipment with barcodes, QR codes, & RFID tags.  Equipment depreciation tracking.  Equipment booking and check-in and check-out logs.  Notifications about identified defects (e.g., part displacement, breakdown, corrosion) or other issues (e.g., unscheduled equipment use, theft) to an equipment operator or a supervisor. Equipment Maintenance Management You can schedule equipment inspection based on real-time monitoring data. It's so easy to track the location and availability of spare parts using barcodes, QR codes, RFID tags, etc. Furthermore, the software helps you schedule preventive maintenance based on equipment procurement date, running time, etc. And, scheduling predictive maintenance based on equipment performance and condition data. Work Order Management of Equipment

3. The Equipment Management System allows you to create regular or emergency work orders for equipment or parts requiring maintenance/replacement. Also, you can prioritise work orders based on equipment criticality, condition, and more. A comprehensive work order tracking system is implemented, allowing you to monitor various aspects, such as time spent on maintenance and the resources involved. As a result, these tools work together to streamline maintenance operations and ensure the smooth functioning of equipment and machinery. Warranty Management It also facilitates the history of warranty repairs tracking for all purchased equipment. And the system sends automated alerts before the warranty agreement expires. Additionally, you can track labour hours spent repairing/replacing items under warranty for warranty claims. Analytics and Forecasting The Equipment Management System provides AI-based analysis of real-time equipment data (e.g., uptime/downtime, speed, temperature) and identification of abnormal patterns. The algorithm in the system uses advanced techniques to anticipate equipment failures caused by factors such as corrosion, overheating, load misalignment, and other relevant factors. It also estimates the expected time until failure. In addition, it also provides valuable insights for proactive maintenance strategies. Moreover, you can analyze the root cause of equipment-related issues (downtime, breakdown, overheating, etc.) based on historical data logs in the system's database. AI-based Equipment Planning and Optimisation The software can also provide AI recommendations for:  Investment planning and procurement of new equipment based on equipment life cycle, cost analysis and equipment criticality.  Planning and scheduling equipment modernisation, replacement, or disposal based on its utilisation, health, criticality assessment, etc.  Equipment maintenance strategy optimisation based on predictions of equipment breakdowns. This feature empowers the builders to make informed decisions about equipment procurement, modifications, and maintenance. It also enhances operational efficiency, reduces costs, and ensures smooth project execution, ultimately improving productivity and profitability. Conclusion The main benefit of using an Equipment Management System is that you can create unique equipment profiles, which means each individual tool has a viewable history that you can then use in reporting and auditing. Although there are many Equipment Management Software solutions out there with good features, NYGGS manages to combine the best characteristics

4. in one Best Equipment Management Software: facilitates great usability, an easy-to-read interface, fair pricing, and important core features discussed above. If you want to try the software in your business, book the free live demo and experience the advancements by yourself. You can book a free demo by clicking here.