Asset Management at Scale: Unlocking Success with Asset Vue
A case study about managing hundreds of thousands of assets and millions of data points.
Introduction
Asset Vue, a leading asset management solution provider, has demonstrated its prowess through a successful partnership with GPX Asset Management, a company based in Guam. This case study delves into how Asset Vue’s solutions have significantly benefited GPX, addressing their unique challenges and enhancing their operational efficiency.
Background
Guam Pak Express faced a formidable challenge: managing up to 250,000 fixed assets in real time. This included not only tracking and reporting but also handling depreciation and inventory with precision. With 31 million potential fields of data, of which they actively used nine and a half million, the need for a robust and efficient solution was critical.
The Challenge
The primary issues Guam Pak Express encountered were the latency of their existing systems and the sheer volume of data. Slow applications were not only inefficient but also led to underutilization. Guam Pak Express required a solution that could manage their extensive data without compromising on speed or accuracy.
Choosing Asset Vue
After evaluating various options, Guam Pak Express chose Asset Vue for its superior software environment that met their latency and functionality requirements. Don Polino, General Manager at Guam Pak Express, highlighted the importance of Asset Vue’s capability to handle their vast data needs swiftly and effectively.
Implementation and Collaboration
The collaboration between Guam Pak Express and Asset Vue was marked by excellent communication and responsiveness. Trey Barnes, a solutions engineer from Asset Vue, played a pivotal role in customizing the solution to fit Guam Pak Express’s specific needs. The process involved:
- Handling nearly 10 million points of data with high precision.
- Mapping data to various levels of authority and accountability.
- Creating a customizable and user-friendly environment.
Results and Benefits
The implementation of Asset Vue brought about remarkable improvements for Guam Pak Express:
- Reduced Latency: The time to scan and search for assets decreased from 20-30 seconds to just half a second.
- Increased Efficiency: Inventory processes that previously took a week were now completed in three to four days, with daily inventories rising from 200-300 assets to 400-500.
- Real-Time Data Management: The ability to identify assets in real-time without returning to the office for data verification.
- Cost Savings: Significant reductions in time and fuel costs due to streamlined processes.
Conclusion
The partnership between Guam Pak Express and Asset Vue showcases the transformative power of tailored asset management solutions. By addressing specific challenges and fostering a collaborative environment, Asset Vue helped Guam Pak Express achieve significant operational efficiencies. This case study underscores the potential for similar success stories in other organizations seeking to optimize their asset management processes.
Future Plans
Guam Pak Express and Asset Vue are committed to continuous improvement and innovation. Future plans include:
- Expanding the use of Asset Vue’s mobile applications for field operations.
- Implementing advanced analytics and reporting features for deeper insights.
- Exploring additional integration opportunities with other business systems.
But through Asset Vue, that went down to about 0.5 seconds, like half a second. That’s a huge increase."
The partnership between Guam Pak Express and Asset Vue showcases the transformative power of tailored asset management solutions. By addressing specific challenges and fostering a collaborative environment, Asset Vue helped Guam Pak Express achieve significant operational efficiencies.
Get in Touch
If your organization faces similar challenges, we invite you to reach out to Asset Vue. Let’s discuss how we can create the next success story for you.