Lost/Broken history:
Step 1: Choose Lost/Broken history → Create
Step 2: Enter information about the damaged or lost equipment
Allocation management:
Step 1: Choose Allocation management→ Allocate
Step 2: Enter information about the assets you allocate to employees for use
Allocation by employee:
This section displays the list of employees who have been allocated assets and employees who have not been allocated assets
Q&A:
Question 1: Is asset management important?
Answer: Managing company assets is a crucial aspect of business administration and brings numerous significant benefits. Here are some reasons why asset management is necessary:
Optimize Asset Utilization Efficiency: Asset management ensures that company assets, from equipment to intangible assets, are used most efficiently. This maximizes profits and reduces waste.
Maintenance and Ensuring Continuous Operation: Asset management helps track the condition of equipment and assets, ensuring timely maintenance to avoid breakdowns and business disruptions.
Cost Reduction and Compliance Improvement: It helps control costs related to purchasing, maintenance, and asset repair. Additionally, tracking assets ensures compliance with legal regulations and industry standards.
Enhance Security and Reduce Risk: By monitoring and controlling assets, companies can reduce the risk of loss, theft, or misuse. This protects valuable assets and minimizes financial risks.
Effective Financial Management: Asset management provides accurate information about asset value and condition, helping companies plan and report finances accurately.
Improved Decision-Making Processes: Comprehensive asset information helps leaders make strategic decisions about investment, replacement, or asset improvement.
Enhance Business Valuation: A good asset management system improves the business’s valuation by maintaining assets in good condition and ensuring the accuracy of financial information.
Support Insurance Processes: Asset management helps determine the value and condition of assets, providing necessary information for insurance companies and handling claims in case of incidents.
In summary, asset management not only helps maintain smooth business operations but also supports decision-making, minimizes costs, and protects the company’s assets.