Manufacturing companies are expected to increase their IT spending by 10% or more in 2024 compared to 2023. This includes investments in software, hardware, and services. The billions of dollars spent to provide computers, servers, monitors, and specialized parts to factories and production facilities around the world are critical to the operations of manufacturers.
AMI has recently conducted a comprehensive research project to better understand the needs of IT managers and asset management teams. This research helps us continue to make products and services that save companies time, money, and headaches when managing assets.
Manufacturing IT Managers are busy and comprehensive HAM?
In manufacturing, efficient asset management is crucial for operational success.
- Significant Asset Management: Over 25% of manufacturing companies manage 5,000 or more assets.
- Audit Management: Similar to other sectors, manufacturing IT admins prioritize audit management features and advanced audit reports.
- Sustainability: 76% of IT admins are focused on tools that facilitate accurate recycling and end-of-life processes to reduce the company’s carbon footprint.
Benefits of Using a Robust HAM Solution for Manufacturing
Optimized Asset Utilization
HAM ensures that all hardware assets, such as machinery and equipment, are used efficiently. This helps in maximizing the return on investment by ensuring that each piece of equipment is used to its full potential.
Reduced Downtime
By regularly maintaining and monitoring hardware assets, HAM minimizes unexpected breakdowns and malfunctions. This leads to fewer production interruptions and helps maintain a consistent workflow.
Cost Savings
Effective HAM reduces the need for emergency repairs and replacements, which can be costly. It also helps in avoiding over-purchasing by keeping track of existing assets and their conditions.
Enhanced Compliance and Safety
HAM ensures that all equipment meets regulatory standards and safety requirements. This reduces the risk of fines and enhances workplace safety, protecting both employees and the company.
Data-Driven Decision Making
By collecting and analyzing data on hardware usage, performance, and maintenance, HAM provides valuable insights that can inform strategic decisions. This helps in planning for future investments and upgrades.
Increased Asset Lifespan
Regular maintenance and proper management extend the lifespan of hardware assets, ensuring that they remain functional and efficient for a longer period.
Improved Productivity
With well-maintained and efficiently managed hardware, manufacturing processes run more smoothly, leading to higher productivity and better overall performance.
At AMI, we’ve been helping manufacturing customers track everything that matters for decades. To learn more about how asset management can impact your organization, check out our free ROI resource guide or send us a note to set up a demo.
