7 ways to waste money on asset inspection

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Ways to Waste Money on Asset Inspection 7


The inefficiency of traditional approaches

to asset inspection

There are inherent problems with some of the accepted practices used to manage asset inspection

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In this slide deck we uncover some of the key inefficiencies that increase the direct costs and impact the wider value inspection returns to businesses

Paper-based inspection processes are labour intensive and time-consuming for SME and large enterprise scale businesses


Use Asset Management Tools to Manage Inspection

•  Many organisations use asset

management tools to manage inspection

•  Inspection is better managed by an

application built around the specific

needs of the asset inspection process

•  The right tool reduces the cost of

inspection by up to 50%

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•  Inspection data is usually collected on paper

forms and copy-keyed into a digital format

•  Uploading data directly at the point of

collection into an inspection management

system is far less labour intensive

•  Inspection management eliminates the cost

of copy-keying into a digital format and

manual manipulation for analysis

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Pay people to copy-key

inspection data into spreadsheets


Make incorrect maintenance decisions…

•  Copy-keying introduces errors that may lead to

poor asset maintenance

decision making

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•  It is much better if inspectors sense check

data as it is entered

and uploaded at the

point of inspection

•  This improves maintenance decision

making and enables

better control of

maintenance costs

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Efficient capital asset expenditure relies on

a long view of asset inspection data

Having access to the asset's inspection history

and analysis provides better understanding

The asset life cycle is more accurately determined improving control of CAPEX

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4 Make Bad Asset Replacement Decisions


Much better to synchronise the right expert to inspect during planned gaps in production

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Inspection is dynamic and large volumes across multiple sites make it difficult to manage effectively

A system that manages inspection logistics with high efficiency reduces costs

5 Fail to manage inspection logistics efficiently


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Fail to properly manage validation and re-inspection

•  Without validation out of range or erroneous data may be

assimilated into datasets

•  A system that integrates validation and re-inspection offers

a superior approach

•  Proper management of validation and re-inspection helps

ensure data accuracy

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Licensing, hardware, installation and

maintenance of on-premise software drives

up inspection costs

A cloud-based Enterprise Inspection Management (EIM) system eliminates these costs while improving performance

and flexibility

This minimises inspection costs while delivering true intelligence across mid-sized and large enterprise asset estates

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7 Use on-premise software solutions


Find out more about how to stop wasting money with the world's leading solution

for managing inspections.

Click here to contact us www.inspectiontoolbox.com Call us on +61 4 3193 2656

7 ways to waste money on asset inspection

Business