Did you know that most asset management CEOs are confident about their industry’s future? They expect their earnings to increase by 2.5% or more within the next three years. Mukhang magandang balita, di ba?
Global asset management leaders are optimistic about industry growth, with earnings expected to rise significantly. For Philippine manufacturers, adopting better asset management tools is key to keeping up with global trends.
However, there are so many choices of tools, so which one’s the best? There’s no doubt about it: HashMicro Factory Asset Management Software. This software can track numerous assets in multiple locations in real-time, from which assets are in use and each one’s conditions.
This article discusses recommendations for the 10 best manufacturing asset management software, including their features, pros, and cons as we’re nearing 2025.
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What is Manufacturing Asset Management Software?
Manufacturing asset management software is a digital tool that helps manage, maintain, and improve physical assets in manufacturing. It often works with systems like ERP, CMMS, and IoT devices to make asset monitoring and maintenance easier, which makes the production line consistent and accurate.
Managing manufacturing assets can be complicated because it involves many details, like specifications, lifespan, and components. It also requires teamwork from different people, such as production managers, maintenance staff, and procurement teams, which adds to the complexity.
Benefits of Manufacturing Asset Management Software
Asset management software for manufacturing can help in so many ways:
- Reduction in Downtime: According to McKinsey, companies have seen 30-50% reductions in machine downtime through digital transformations, including asset management software.
- Cost Savings: It helps in reducing maintenance costs, materials costs, and overall operational costs through better management and efficiency.
- Enhanced Productivity: Real-time monitoring and management of assets lead to significant improvements in maintenance productivity and overall operational efficiency. McKinsey reports labor productivity improvements of 15-30% with digital transformations.
- Extends Asset Lifespan: Scheduling regular maintenance and fixing issues on time helps your equipment last longer and delays replacements.
- Keeps Your Business on Track: Following industry rules and standards avoids penalties and helps everything run smoothly without interruptions.
- Increased Visibility: Provides real-time insights into asset health, performance, and location, which aids in better decision-making and resource allocation.
10 Best Manufacturing Asset Management Software
Managing manufacturing assets effectively is crucial for maintaining productivity and reducing operational costs. Here are the top 10 factory asset management tools to help you achieve better control over your operations.
1. HashMicro Production Asset Management System
HashMicro ang nangunguna bilang leading manufacturing asset management software sa Southeast Asia. With unlimited users, real-time updates, at seamless integration with inventory systems, accounting software, IoT, and barcode/QR code, it ensures efficient production and asset tracking.
With over 2000 companies across Southeast Asia placing their trust in HashMicro, including renowned names like Changi Airport Group, Hino, and Forbes Southeast Asia, the software has proven its value in diverse industries.
This vendor also provides a no-cost demo and consultation to companies who want to inquire before making a decision. Built to support businesses with precision and efficiency, HashMicro ay naging trusted partner for long-term success.
Key Features:
- Machine Kiosk: Lets employees easily check and update production schedules, work orders, and output through a clear Kanban view.
- Work Order Management: Streamlines production workflows, tracks time spent on tasks, and identifies areas for improvement or delays.
- Manufacturing Order: Keeps track of all materials needed for production and connects with inventory to ensure supplies are available.
- Bill of Material (BOM): Manages raw materials and work-in-progress, calculating and updating data in real-time for smooth production.
- Schedule Management: Helps plan and adjust production schedules using available resources, reducing idle time and preventing delays.
- Manufacturing Plan: Aligns manufacturing activities with demand, supply chain changes, and capacity to ensure efficient production.
- Inventory Management: Monitors stock levels across warehouses, automates reordering, and ensures your inventory is always well-stocked.
- Asset Tracking: Tracks your assets in real-time, monitors their condition, and schedules maintenance automatically to prevent breakdowns.
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2. ToolSense Production Asset Management System
ToolSense is an asset tracking platform ideal for manufacturing, construction, and logistics. Its IoT features enable real-time tracking, usage monitoring, and operational optimization for equipment, machinery, and vehicles.
Features:
- Real-time asset tracking
- Predictive maintenance
- IoT integration for asset monitoring
- Customizable dashboard
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3. SafetyCulture Manufacturing Asset Management Software
SafetyCulture is a versatile digital platform designed to enhance quality, safety, and operations in manufacturing. The software is adaptable to various manufacturing setups, from small workshops to large multinational enterprises.
Features
- GPS and sensor-based asset monitoring.
- Anomaly alerts for quick action.
- Digital templates for task consistency.
- ERP, MES, and CMMS integration.
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4. WebTMA
WebTMA is a trusted facility and asset management platform that helps manufacturing companies improve work orders, maintenance, and processes. With years of experience, it has served leading names across industries.
Features:
- Work order management
- Asset lifecycle tracking
- Inventory control
- Preventive maintenance scheduling
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5. Limble Production Asset Management System
Limble, a cloud-based CMMS, supports manufacturing companies with a centralized system for managing equipment and machinery. It allows managers and technicians to track asset KPIs, perform inspections, and handle maintenance efficiently.
Features:
- Mobile-first CMMS
- Preventive maintenance
- Real-time asset tracking
- Work order management
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6. MPulse Manufacturing Asset Management Software
MPulse is a versatile maintenance management platform serving healthcare and manufacturing industries worldwide. This CMMS helps manufacturers extend asset lifespan and maintain smooth operations.
Features:
- Maintenance scheduling
- Asset tracking
- Inventory management
- Comprehensive reporting
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7. AkitaBox Factory Asset Management
AkitaBox simplifies facility management by helping managers track and maintain machinery, electronics, tools, and digital assets. Its mobile features allow users to access information, submit requests, and manage tasks anytime, anywhere.
Features:
- Facility management
- Asset tracking
- Maintenance scheduling
- Detailed analytics
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8. Fracttal One Manufacturing Asset Management Software
Chilean-based Fracttal One is a preferred CMMS for utilities, facilities, and manufacturing companies needing reliable maintenance solutions. It allows users to track assets, manage work orders, and update progress via mobile devices, even in remote areas.
Features:
- Predictive maintenance
- Work order management
- Asset tracking
- IoT integrations
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9. Eptura Asset
Eptura Asset is a cloud-based CMMS designed to help businesses manage assets, track maintenance history, and gain actionable performance insights for greater efficiency and productivity. Its user-friendly platform ensures seamless operation and supports informed decision-making.
Features:
- Asset lifecycle management
- Preventive maintenance
- Work order management
- Analytics and reporting
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10. Asset Infinity
Developed by India-based PcsInfinity, Asset Infinity uses RFID tags and sensors to track, secure, and schedule manufacturing assets like equipment and machinery. Its affordability makes it an excellent choice for small to medium-sized businesses.
Features:
- Asset tracking
- Maintenance scheduling
- Inventory management
- Reporting and analytics
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Key Features of Manufacturing Asset Management Software
Comprehensive enterprise resource planning (ERP) software for manufacturing and advanced enterprise solutions often come with asset management modules.
However, for businesses with limited budgets that cannot afford a complete suite, standalone solutions can still be effective if they include the following features:
- Digital checklists for asset-related processes
- Centralized repository for manufacturing assets
- Document management tools
- Asset tracking and monitoring capabilities
- Preventive maintenance scheduling
- Calibration management functions
- Inventory management integration
- Customizable reporting and analytics
- Compatibility with ERP, CMMS, IoT devices, and other systems
- Mobile access with offline functionality
Tips for Choosing Manufacturing Asset Management Software
Choosing the right manufacturing asset management software is crucial to optimizing operations and maximizing the value of your assets. Here are key steps to guide your selection process:
- Identify Business Needs: Define your goals (e.g., reduce downtime, improve tracking) and address current challenges like inefficiency or lack of visibility.
- Focus on Key Features: Ensure the software includes asset tracking, preventive maintenance, inventory management, reporting, and integration with systems like ERP or IoT.
- Prioritize User-Friendliness: Choose software with an intuitive interface for easy adoption and minimal training requirements.
- Check Scalability and Customization: Select a solution that can grow with your business and allows customization to meet specific workflows.
- Consider Vendor Reputation: Look for vendors with experience in manufacturing, positive customer reviews, and reliable technical support.
- Evaluate Total Cost and ROI: Assess licensing, implementation, and maintenance costs against potential savings from improved efficiency and reduced downtime.
- Test with a Demo or Trial: Request a trial to evaluate performance, compatibility with existing systems, and how well it meets your needs.
Conclusion
Manufacturing asset management software helps businesses efficiently track, maintain, and optimize their assets. It simplifies operations, reduces costs, and ensures smooth production, making it essential for manufacturers aiming to stay competitive.
HashMicro’s Manufacturing Asset Management Software offers real-time updates, unlimited users, at seamless integration para sa mas maayos na asset control. Trusted by over 2000 companies, it’s the go-to solution for reliable and efficient asset management.
With advanced features like IoT integration and real-time tracking, HashMicro ay tumutulong sa businesses para ma-boost ang productivity.
Try the free demo today for a more efficient and reliable factory asset management!
