Thursday, January 24, 2013 under Fixed asset management

With more consumers adding sustainability to their list of expectations from brands that produce their goods and services, many U.S. companies are aligning themselves with international initiatives to make business operations and manufacturing more ecologically friendly. 

Running out of resources 
In addition to growing pressure from markets to adopt green practices, the U.S. government enforces emission limits and rewards companies that prove their operations are eco-minded with tax breaks. However, a recent study suggests many organizations still remain unprepared for the effect dwindling natural resources will soon have on business.

According to the Carbon Trust, many c-level executives believe their company won’t need to make significant operational changes to face resource scarcity for at least 10 years. Only 20 percent of company leaders in the U.S., U.K., China, Brazil and South Korea are already making changes within their organizations.

Carbon emissions will become critically important to business operations by 2015, according to Carbon Trust. Within the following decade, oil and gas, water, grid energy, waste, rare earth metals and other natural resource will become dangerously scarce.

Because limited resources can significantly increase production costs, decrease product quality and limit global transactions, it’s important for businesses to seriously start changing practices. Fixed management solutions can help limit emissions.

How property tracking software can help
Inventory management solutions keep detailed accounts on each fixed asset a business owns. Software houses data on an item’s make, model, book value and other information that can help equipment managers measure fuel consumption, output and efficiency. Property management solutions can also help companies monitor employee use of equipment. By measuring the characteristics and conditions of each piece of machinery, businesses can better determine how to improve operations and therefore limit their carbon footprint and more effectively consume resources.