2. Places & Equipment – ASSETS Initial Setup

In BruceBEM, asset management covers both places (such as buildings, facilities, and workspaces) and equipment (machinery, tools, and devices) to ensure efficient tracking, maintenance, and utilization.

Key Features of Asset Management in BruceBEM:

1. Asset Registration & Classification:
   • Users can register assets, categorize them (e.g., fixed or movable), and assign unique identification codes.
   • Assets can be linked to specific places or work teams for better organization.
     
2. Ownership & Partnership Management:
   • Assets can be assigned to specific partners or subcontractors based on Bruce Smart Contracts, ensuring authorized access and usage.
   • The system ensures that only verified partners can manage, maintain, or modify asset details.
     
3. Preventive & Corrective Maintenance:
   • Scheduled preventive maintenance (PM) tasks help reduce downtime and extend asset lifespan.
   • Users can log corrective maintenance requests to address unexpected failures or malfunctions.
     
4. Cost Tracking & Budgeting:
   • Asset-related costs, including maintenance, repairs, and depreciation, can be tracked.
   • Budgeting tools help forecast expenses and optimize resource allocation.
     
5. Work Order & Assignment Integration:
   • Assets can be linked to specific work orders, ensuring that the right teams handle maintenance and operations.
   • Real-time updates allow better coordination between managers, subcontractors, and work teams.
     
6. Performance Monitoring & Reporting:
   • Users can generate reports on asset performance, usage trends, and maintenance history.
   • Data-driven insights help improve decision-making and operational efficiency.

By integrating places and equipment under a structured asset management system, BruceBEM enhances control, optimizes maintenance workflows, and improves overall productivity.