Fixed Asset Management - Why?
I was introduced to the world of fixed asset management by a person whom I met at a dinner party last weekend. Although I had a rough idea as to what fixed asset management was, it was not until I was informed about the science that I realised how businesses can perform more effectively utilising asset management.
From what I can heard there will not be too many blue chip businesses that do not embrace asset management. The element that made me think is how many SME’s utilise fixed asset management and inventory control. Nor is it a case where small to medium sized businesses do not need to embrace this level of business management.
Large UK retailers must have a tough time tracking everything through, can you imagine the assets that Tesco has at any one time!
The Wiki provided some useful information on fixed asset management and its virtues including this excerpt -
‘Asset tracking software allows companies to track what assets it owns, where each is located, who has it, when it was checked out, when it is due for return, when it is scheduled for maintenance, and the cost and depreciation of each asset.’
I have been swayed by superior knowledge and insight that knowing where a business assets are and how they are working is an essential part of company profitability
Fixed Asset Management - Why? Because it will save a business money in the longer term.
See the full post on Wikipedia