Asset management is the need of the hour. Any business dealing in manufacturing, distribution, physical sales, office or call center work has some physical and non-physical assets. The technique of choosing the appropriate equipment for a particular job, keep it functioning as long as possible and replacing it in a systematic way is the key to good management.
Today assets can be the means to some wonderful and lucrative ends. So asset management is no less than an art and can be stated as a comprehensive and structured approach to the long-term management of assets as tools for the efficient and effective delivery of community benefits.
Managing ones assets requires firstly an identification of need for the asset in accordance with the community requirements. Secondly you have to see the provision of the asset including its current maintenance and rehabilitation as per your needs. Third is the operation of the asset while the fourth is the disposal of the asset when it is no longer needed or beneficial in any way.
Due to a surge in the involvement of people in asset management task, various companies have come up with asset management software. Asset...
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