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Asset management is a systematic process of maintaining and operating physical capital assets in a cost-effective manner to minimize ownership costs and maximize asset performance over time. It involves processes like inventorying facilities and assets, assessing asset criticality and condition, and performing life cycle cost analyses. Fixed asset management software provides benefits like optimizing asset life, improving reliability, and preparing information for regulatory and financial stakeholders. The software allows for easy asset setup and tracking, depreciation management, and generating useful reports. Asset management provides a framework for monitoring systems and optimizing preservation through efficient resource use. Inventory asset management software carefully monitors inventory with data accuracy checkpoints.

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11 views1 page

New Microsoft Word Document

Asset management is a systematic process of maintaining and operating physical capital assets in a cost-effective manner to minimize ownership costs and maximize asset performance over time. It involves processes like inventorying facilities and assets, assessing asset criticality and condition, and performing life cycle cost analyses. Fixed asset management software provides benefits like optimizing asset life, improving reliability, and preparing information for regulatory and financial stakeholders. The software allows for easy asset setup and tracking, depreciation management, and generating useful reports. Asset management provides a framework for monitoring systems and optimizing preservation through efficient resource use. Inventory asset management software carefully monitors inventory with data accuracy checkpoints.

Uploaded by

Maureen
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Asset management is a way of managing infrastructure capital assets that minimizes the cost of owning and

operating those assets and maximizing their performance over time. It is a systematic process of maintaining and

operating physical assets cost effectively. The basic processes in fixed asset management software are facility

inventory, capacity, criticality and condition assessment and asset valuation. Some advanced processes are

formalized operation and maintenance program and life cycle cost analyses and evaluations. Fixed asset

management software imparts many benefits to an organization. It optimizes asset life, normalizes CIP sending,

improves reliability, reduces unnecessary maintenance and prepares for regulatory and financial community.

Some silent features of fixed asset management software are easy asset setup, intuitive interface, asset categories,

depreciation management, asset review, asset manipulation, asset and inventory tracking and barcode scanners. It

generates many reports that are handy for management review.

Asset Management is not a specific product or service, but rather a way of doing business. It provides a solid

foundation from which to monitor the transportation system and optimize the preservation. It is a framework for

making decisions in order to

use resources efficiently. Assets can take various forms - People, money, information and physical resources.

Inventory asset management software brings depth of experience and great expertise to every physical inventory

project, ensuring a smoother, faster, accurate inventory. IntelliNt System Consultant will oversee the entire

development of your in-house inventory system, and manage all stages of the initial project...everything from

barcoding assets to reconciling the data - eliminating the hassle of training internal staff to conduct a fixed asset

inventory. Inventory asset management software carefully monitors the inventory with periodic checkpoints for data

accuracy.

Inventory asset management software combines highly detailed recording and reporting through intuitive, user-

friendly interface. The level of record you wish to include is upto you but may include: Asset Details (i.e. Type, Serial

Number, Description), Purchase Price & Current Valuation, warranty/maintenance dates & costs, components and

attachments, movement to different locations, cost centers or people, associated asset management costs, lease &

rental information, cost centre & ownership, supplier and maintenance provider, user defined information by asset

type and change history & audit trail. Intelli AssetPro software is a powerful yet easy to operate modular inventory

asset management software with the ability to manage your assets from initial purchase through to final disposal.

Article Source: http://EzineArticles.com/589700

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