ASSET MANAGEMENT

There are many different means of asset management. It often depends on what type of asset is involved. There are companies and software products available to assist in asset management. Whatever method you choose, there are many similar things that your asset manager system should entail:

1. Optimize asset use and manage all maintenance efforts involved by making assets as accurate, reliable, and efficient as possible.

2. Reducing the demand for new assets and thus save money by using demand management techniques and maintaining current assets.

3. Uses a form of asset tracking: knowing where the asset is at all times, how much the asset is worth, and how much the asset cost you to begin with. It should also incorporate this throughout the entire life of the asset.

4. Always tries to achieve greater value for money through evaluating the asset options: the cost of maintaining, producing, the use of it, etc.

5. Always provides a report on the value of the assets, along with any costs involved in maintaining the assets.

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