Cloud-based T&M asset management service to optimise utilisation, cut costs

September 11, 2017 // By Julien Happich
Test equipment rental company Microlease has released version 2 of its LEO Asset Management solution for moveable or fixed assets, with a focus on test instruments.

Now cloud-based, the software tool enables companies to implement best in class through-life management of their assets, creating an accurate inventory of assets held, managing the acquisition of further assets, the maintenance of the asset base, and the identification and disposal of surplus equipment.

Doing so, LEO 2 provides complete visibility for the maintenance of the asset base including spares, and communicates this information through the use of a secure shared logistics framework offering innovative KPI dashboards and standard reports.

Instead of relying on inadequate spreadsheets (not necessarily shared or up to date), the new tool offers a single centralised database, giving a clear picture of the asset investment and its current status including configurations, capabilities, condition and location.

Modules capture data relating to asset detail and configuration, asset movements, tracking and logistics, calibration and repair management, real time management dashboards, and utilisation management. A completely new and intuitive interface allows users to search for parts, assets and locations quickly and easily, drilling down to the exact building and the rack where an asset is being held.

Data driven workflows enable users to configure LEO 2 to reflect their in-house processes. Its’ open database is built on Oracle technology compatible with SAP, Oracle E-Business Suite and other major ERP and financial systems. LEO includes standard MoD form reports and KPI dashboard. Discussing the lack of visibility some large companies have on their test equipment, Microlease's Sales Director for Services Stuart Collin gave as a typical example expensive oscilloscopes left unpackaged in the wrong department while another site would re-order the instrument.