Sunday 23 December 2012

Your Company Needs an Effective Asset Management System

By Todd Domingo


Does your company have a good asset management system set in place?If your company is manually tracking its assets, then these assets are not being used to their fullest potential.All companies need assets to succeed.This is true for both service and product based companies.

A company needs either physical or intangible assets in order to succeed.For instance, consider the kinds of products that would need to be in inventoried for an office supplied company.The first thing that you might be concerned about is how to inventory all of the products that are carried in the store.This would be a list of products such as chairs, computers, office furniture, phones, pens, pencils, paper, coffee mugs, staples and any other types of products that are found in an office supply store.

But, this is just the items that are being sold in one store.Think about all of the other stores that this company owns.Remember that this company has a corporate office that has assets that should be tracked too.The corporate office has departments such as accounting, engineering, human resources and marketing.Each employee will need various office supplies such as a computer and calculator.

But, depending on the pay grade and level of expertise, not all employees are going to get the same type of computer.Some will need computers that have software that is not utilized by the whole company.This means additional assets that will need to be tracked.If this wasn't a big enough mess, some employees will need both desktop and laptop computers with various software packages and cell phones, based upon their job titles.

This will be a huge number of assets How will this be achieved?One thing is for sure.A big company such as this will fall flat on its face if it tracks its assets manually.The stores are selling hundreds of different types of products in various colors, shapes and sizes.In addition, you also have to account for the assets that the employees are using.

This company's products will be either stolen or misplaced if it does not invest in a good asset management system.In addition, if management does not know what is in inventory, then it can't tell what has been sold or stolen.Management must know what is selling so that it can buy more and make more sales.Management also needs to know what type of products are getting stolen.But, without the proper asset management system, this is not possible.

manage engine promotes quality asset management software that can be used to help your company become and stay profitable.

manageengine has asset management software that can make it easier to inventory and track your company's assets. Besides, an asset management system will cut down on confusion, save labor time, reduce costs and get things done more efficiently.In conclusion, never track company assets manually, when there is quality asset management software that can handle the job for you.




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