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
January 22nd, 2008 | Posted in Latest Views | No Comments
Level measurement is not a term you come across every day, but if you do come across it, what does it mean?
Does it mean the measurement of something that is level? Does it mean to measure something before making it level? Or does it mean something totally different?
Well in truth any of the three answers could be right, but it is not until you start to think about it do you find that ‘level measurement’ affects our lives every day of the year.
The majority of us drink tea or coffee or a liquid of one form or another. If you use the kettle, what do you look at when filling it? Of course we all use the level indicator - we need to measure our levels of liquid.
Now open your imagination to other every day elements that require level measurement. If you drive you will go knowhere should you run out of fuel. But what element are ou reliant on knowing there is still fuel left in the tank? A vehicle would be useless without fuel, much the same as a petrol station would be useless if its fuel tanks ran dry. This is where level measurement comes into its own.
Cooking is a prime example of where simple level measurement is required; when adding solids or liquids to a recipe they typically need to be measured, even a simple recipe requires level measurement.
For once I can see the benefit of a product; and without the benefit of level measurement instruments and sensors our lives would be very different. Technology really does move at a pace many of us cannot keep up with, businesses which we rely on for everyday items require level measurement to enable their automated build systems to function because without them you would not even be allowed to enjoy baked beans!
You can find further information on Level Measurement from the following sites:
The basics of Level Measurement
Wikipedia: Level Measurement
January 21st, 2008 | Posted in Latest Views | No Comments
Are you one of the chosen ones this year busily planning their wedding? Well if you are you may well have considered a hiring a Marquee. The thing I want to know is why anyone would want to hire a marquee? Look at the scenario, the wedding is planned, the skies are grey and the field you have placed your over-sized tent on is subject to a deluge of water and all of a sudden those wedding guests need Caterpillar shoes, not the latest from Carvela or Gina for the occasion!
The situation is not unthinkable, it happens every year!
Take last summer, we all know it was incredulously lousy, in fact all it seems to have done since last year is rained, so planning a summer wedding with a bit of canvas over separating me from the elements is nothing short of risky.
If you have a glorious day then a Marquee makes perfect sense, but, and here’s the but, you can never predict the weather in the UK and that is exactly why I cannot see me ever choosing to have an event in a Marquee. Give me a hotel with four walls and a fixed bar any day of the week and I am a far happier person! Or give me a guarantee there will be no rain - but that is not likely to ever happen!
January 21st, 2008 | Posted in Latest Views | No Comments