subject: Purchasing The Best Asset Management System [print this page] A company should have a system set in place to monitor intangible and tangible assets. Depending on the companys size this may be difficult to do because of its many departments, locations or sheer amount of assets. It is imperative that larger companies have an asset tracking system. Each asset should be tagged and scanned into an asset management system. A good package that works with that company is needed.
But entering the assets is not going to be enough. They must be carefully monitored until they reach the end of the asset cycle, which is disposal. Basically, they must continue to provide value for the company or there is no need to have them around. The same thing applies to both large and small companies.
All assets provide some type of value. Whether it is the contemporary wall hanging in the middle of the lobby or the conveyor equipment that takes up most of the left wing of the factory, each asset has a value.Some might not think that a piece of art has value.This is a part of what a customer see when he visits the company.A new customer judges a company by what he sees in the company lobby. The quality of the furnishings and accessories help to influence his decision.So, the furnishings and accessories in the lobby do matter.It is also valuable. A good asset tracking system will have the capability of tracking all types of assets, little or small.
Size is an important factor when dealing with assets.A small company needs an inventory mangement software just like a large one.Both large and small assets are important and should be accounted for. All companies have varied requirements and size is normally very important. Quite naturally, not all companies will be able to use the same type of inventory management software or track their assets in the same manner.
This is why companies should do plenty of research before purchasing these programs.It is obviously that they are all different. There are some packages that are made for smaller companies that only need to track a few products at a time. This does not mean that they have assets that are not valuable.This is where there might be a disconnect.Many of these packages assume that a larger company will need more features than a smaller one.But then again, there are programs that are going to waste because the big companies that they were developed for are not utilizing all of the features. The assumption is that a larger company needs these things just because of its size. Many times this is not the case at all.
All in all, size does matter when it comes to asset tracking. Everything must be tracked no matter its size.All assets have to have a positive value.Every company must purchase a good asset tracking system.
by: Darren Folkes
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