Fixed Asset Management describes the activities involved in managing the entire life-cycle of an organization’s assets from acquisition to disposal and often utilizing specific processes for tracking, usage, maintenance, and re-marketing. We manage
the following common types of fixed assets: Buildings, Equipment, Furniture, Vehicles, Computers, Land, Intangible assets (trademarks, patients).
In managing your fixed assets, we keep track of the key details. These details include the following items; location, quantity, condition, maintenance schedules and depreciation status among others.
Your fixed asset generally refers to the long-term assets, visible items used in your business that are classified as property, plant and equipment and usually includes vehicles, computers, furniture, machinery, Buildings and Land. These are usually held for periods beyond one year and used in support of the organization’s strategic goals.
Fixed asset management enables organizations to improve an asset’s lifetime value by minimize lost inventory, equipment failures and downtime and most important maximizing value for money.
Ideally, fixed asset management improves the quality and useful life of equipment and ensures the best return on investment by:
Effective fixed asset management is important for any organization, since it reduces the response time for management decision making or generation of reports associated with fixed assets.
To learn more about our fixed asset management solutions and for guidance in selecting the asset tracking system that is the right fit for your organization. We are here to help