Revolutionizing Fixed Asset Tracking for the World's Largest EPC Company
One of India’s largest energy conglomerates is establishing itself as a leader among the largest engineering, procurement, and construction (EPC) companies globally. In addition to EPC services, the company specializes in power transmission manufacturing, EPC works for railways, cables, solar, civil, and smart infrastructure. With a presence across the SAARC, East Asia, Pacific, Africa, Middle East, and the Americas, the organization is part of the RPG Group, valued at over $3.5 billion.
Overcoming Manual Asset Management Hurdles
- The process of locating and maintaining the asset inventory was heavily reliant on human intervention. The main challenge was to limit this dependency, enabling any user to identify the exact location of assets upon request.
- The existing requisition process was manual, requiring signatures on physical documents, which created a tedious and time-consuming workflow. A robust digitized system was essential to enhance efficiency.
Leveraging RFID Technology for Seamless Asset Tracking
- Classifying Assets: Assets were categorized according to required metrics for better organization.
- Tagging: Appropriate tagging of assets facilitated seamless digitization and tracking.
- RFID Registration: Assets were registered in the system against unique IDs of RFID tags for accurate identification.
- Custom Software Development: A software solution was created to streamline asset registration, user management, adding/removing assets, internal asset transfers, reporting, and approval workflows—all within a single application.
Enhanced Efficiency and Reduced Costs
- Reduced Human Intervention: Limited reliance on manual processes for asset tracking.
- Auto-Generated Reports: Generated reports for transferred assets, inventory, lifecycle, and more.
- Faster Asset Management: Streamlined processes led to quicker asset management.
- Lower Manpower and Administrative Costs: Significant reduction in costs associated with asset tracking
- Easy and Quick Asset Identification: Improved efficiency in identifying assets.
- Seamless Inventory Checks: Faster and more efficient inventory audits.
