Paper-based methods for asset inspection are labour intensive and time-consuming. Clearly, this means much of the costs relate to resource. In these times, where there is an emphasis on stripping out inefficiency, many would say this is an unnecessary cost. However, this is not the only way to waste money on asset inspection. Our new SlideShare presentation ‘7 ways to waste money on asset inspection’ uncovers many of the key inefficiencies that increase the direct costs and impact the wider value of inspection. The slide deck shows and helps you understand: - The multiple problems that cascade out of a paper-based approach to inspection - The impact on decisions affecting asset and maintenance or replacement - How a cloud-based software solution reduces costs and improves data accuracy In just five minutes this presentation helps you grasp exactly how much money you might be able to save by moving away from a paper-based approach to asset inspection.

1. Ways to Waste
Money on Asset
Inspection 7
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2. 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

3. 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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4. • 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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2
Pay people to
copy-key
inspection data
into spreadsheets

5. Make incorrect
maintenance decisions…
• Copy-keying introduces
errors that may lead to
poor asset maintenance
decision making
• It is much better if
inspectors sense check
data as it is entered
and uploaded at the
point of inspection
3
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• This improves
maintenance decision
making and enables
better control of
maintenance costs

6. 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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Make Bad Asset 4
Replacement Decisions

7. Fail to manage inspection 5
logistics efficiently
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

8. 6
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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9. 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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Use on-premise 7
software solutions

10. 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
www.inspectiontoolbox.com Asset Inspections – Simpler, Easier and Cheaper