GE

The Challenge

GE's manufacturing operations span over 50 facilities with more than 500,000 assets — from high-value turbines and precision instruments to IT equipment and office infrastructure. Tracking asset locations, managing depreciation schedules across multiple accounting standards, and conducting physical audits at this scale required a purpose-built platform.

Their previous systems couldn't handle the complexity of multi-method depreciation (IASB/IFRS, Indian IT Act Schedule II), assembly/component tracking for complex machinery, or real-time VTR physical asset audits with mobile verification.

The Solution

GE deployed TRAXX's Enterprise Asset Management module across all facilities, focusing on:

The Results

TRAXX enabled GE to achieve 99.5% depreciation accuracy, reduce unplanned downtime by 30% through proactive maintenance scheduling, and recover significant value from retired assets through competitive disposal auctions. VTR cycles that previously took weeks now complete in days with mobile verification.