Asset Management, the Importance, and How it Can Save Time in the Long-Run

Asset Management, the Importance, and How it Can Save Time in the Long-Run

Asset management is simply the tracking of company-owned property (assets). The goal is to know where these items are located, how they are used, and when changes are made to them.

The reasons for wanting to track assets are numerous but these are a few that stand out:
1. Increase Workplace Efficiency
2. Reduce Time Spent locating assets
3. Reduce Money Wasted replacing misplaced or misused assets

READ MORE

Boosting the Bottom Line Through Asset Tracking

Asset tracking is a fundamental necessity for companies of all sizes, especially when it comes to workplace furniture and IT equipment.

An actively managed and accurate inventory is essential because as the saying goes, “you can’t measure what you can’t see.”

Once the inventory foundation is set, you can:

 

• understand asset utilization

• understand product lifecycles

• create a proper maintenance schedule to maximize asset lifespan

• prevent theft and enhance security

• perform proper accounting and confirm amortization rates (your finance team will thank you!)

To learn more about the do’s and don’ts of asset management – contact us.

READ MORE