How Field Service Managers
Can Mitigate the Rising Cost of
Operations Through Asset Tracking

Field service managers have a lot of moving parts to keep track of at any given time. They have to make sure all of their assets are working properly and easily located by other field service technicians. Along with that, they have to manage service contracts, facility policies, and scheduling technicians to go out to client job sites.

One of the most difficult moving parts to manage is rising cost of operations across the board. Many companies don't have control over their increasing business expenses, and simply have to find a way to meet their growing expenses. Some of the factors that tend to increase operating costs include utility bills, employee turnover, asset attainment, maintenance fees, asset losses, and overall economic inflation.

The rising cost of operations can be difficult for field managers to keep up with. There are several industries in which operation changes can become costly. As the population ages and becomes sicker, healthcare faces more demand for good care. Construction and service industries are also being forced to deal with the rising cost of materials.

Field service managers across a variety of industries have to worry about issues that plague most businesses. Inventory management becomes more difficult as you acquire more assets and company product to track. Work orders can become complicated as you offer more services and bring on more employees to keep up with demand. And if your assets stop working before the expected life cycle is up, you'll need to quickly replace your lost equipment.

Managers also have to worry about the human side of operations. Unhappy and unproductive workers cost the nation $550 billion each year. Drivers need to be safe at all times, and employee promotion and turnover means you need to maintain regular training sessions. Along with that, managing the demands of your clients and customers can become tricky. Work orders must be filled out properly and addressed in a timely manner so that you don't lose business.

When you look at all of the factors you have to manage, it's easy to become overwhelmed. You might feel inadequate, or that you can't keep up with all of the demands that come from being a field service manager. Don't fret. Asset tracking can go a long way towards mitigating the rising cost of operations, enabling your company to make the most of your asset investments. Good asset tracking software makes it easy to integrate all of your administrative tasks into one platform, so you don't have to check between systems and risk losing information. Staying on top of asset location means you can manage worker activity, and ensure asset maintenance is scheduled during company downtime.