For decades, we have been constantly battling global warming and climate change. As a response, the United Nations developed 17 Sustainable Development Goals (SDGs), a universal call to action to address several universal problems, including environmental sustainability.

Environmental degradation has remained a pressing issue in recent years, and there is a need to introduce stricter environmental regulations. As a result, businesses have been going to great lengths to integrate sustainability into their operations. A notable strategy is implementing sustainable asset management. This allows companies to reduce operational costs and increase efficiency, all while reducing carbon footprint.

Tracket, for instance, is a powerful web-based tool that offers an innovative and sustainable approach to managing company assets by reducing waste, extending asset life, and improving energy efficiency.

Reducing Waste  

Have you ever made purchases for your business only to discover that they were unnecessary? A waste of inventory is one of the main challenges businesses face when they manually track assets. There is a lot of room for error in manual tracking: over-ordering, duplication, and such. In any business, every penny counts, and the more these errors are made, the more money the company loses. 

Tracket helps you prevent such issues by tracking your assets in real-time. With its automated process, businesses can see an overview of their assets with ease, thereby reducing the risk of errors. By implementing this sustainable approach in asset management, businesses can significantly cut expenses and reduce inventory waste.

This also opens the door for optimizing asset usage. With Tracket’s real-time tracking,  there will no longer be any idle equipment and assets can be allocated more properly, leading to reduced costs.

For a more in-depth discussion of assets, check the article here.

Extending Asset Life

Any asset has a finite lifespan, no matter its quality. But did you know that with proper maintenance, you can significantly extend your assets’ lifespan? This approach ensures that businesses have assets that remain functional for a long period.

Scheduling maintenance manually is time-consuming and is prone to errors such as overlooking assets requiring fixes or upgrades. Tracket simplifies the process by automating maintenance schedules. With Tracket’s asset maintenance activity management, you can easily check your inventory and see which assets need maintenance, thus extending their usage. 

In line with this is Tracket’s built-in depreciation tracker where business owners can check which assets need to be upgraded or replaced. This sustainable approach hits two birds with one stone: reducing the use of raw materials and minimizing environmental impact or carbon footprint. 

Improving Energy Efficiency

Some assets require a significant amount of energy to operate. When businesses have several assets consuming energy, this leads to electrical bills going through the roof. Having too many energy-inefficient assets also negatively impacts the environment as they produce more greenhouse gas emissions. Thus, it’s crucial to use energy-efficient equipment for businesses to effectively practice more sustainable operations.

Energy-efficient equipment usually has extended lifespans, thereby minimizing the need to frequently replace them. Consequently, businesses can save more by lessening their frequency of purchasing new equipment.

Tracket provides a comprehensive report on assets that help businesses identify which energy-inefficient equipment needs replacing. Upgrading to energy-efficient assets lowers the companies’ overall energy consumption. With this, their carbon footprint and operational expenses are also significantly reduced. Tracket helps businesses utilize their assets to their full potential while maintaining their goal of being sustainable.

Nowadays, sustainability has become part of our lives, even in the workplace. With the current business landscape, sustainability is more of a necessity rather than an option. Introducing sustainable practices in business operations is a must, and Tracket provides a potent solution that integrates sustainability into asset management. By reducing waste, extending asset life, and improving energy efficiency, Tracket helps prevent businesses from making unnecessary purchases while also allowing them to maximize the usage of their assets.

Are you ready to add more sustainable approaches in your business’ operations? Book a demo now with Tracket and discover why you need this powerful asset management tool!