Key Benefits of Asset Management For Your Company Increases knowledge and trust of Asset Data and Asset Locations Reduces Network Compliance & Security Issues Improves accuracy of Asset Accounting / Depreciation Improves Asset Life Cycle Management Increases Business Control for Asset ownership, usage, and procurement Reduces Number of Audits For Your Customers Increases Customer …
Category Archive: Asset Management
Oct
24
Why Asset Management is Crucial for Your Business – Part 1 of 2
Asset Management is a fundamental business discipline that allows your corporation to manage the life cycle and service levels of critical information assets which impact corporate revenue, productivity and ultimately profitability. It is building a comprehensive asset tracking and management processes to ensure quality data for use in Business Intelligence initiatives. Asset Management is a …
Jun
10
Asset Management is a Business Process – Part 4
Over the years, Bardess Group has tested the applicability and measured the effectiveness of its asset management solution with a number of clients in all major fields of endeavor, each with successful results realized both in cost savings and improved productivity. The PETRO® process has been widely acclaimed based on the results it has been …
May
31
Asset Management is a Business Process – Part 3
Key Components of the Asset Management Process The key drivers of the asset management process consist of the following four components: Data Extraction (Collection) and Reconciliation Development of both the processes and the standards for collecting inventory data (electronic or manual). Performance of an automated, or semi-automated, process to validate, translate and reconcile the …
May
24
Asset Management is a Business Process – Part 2
The PETRO® Asset Management Process Merely “chasing data” is a poor substitute for a formal asset management program and can be a daunting, expensive and extremely unrewarding task. In order to realize the full benefits of an asset management program, the first order of business is to move a paradigm shift away from the large, …
May
18
Asset Management Is a Business Process – Part 1
Every Business Can Use to Save Money and Improve Productivity For most businesses, the efficient tracking of their installed base or in-service equipment, and the management of their spare parts inventories are key factors in determining the prospects for internal productivity and customer service profitability. However, many organizations do not yet utilize a comprehensive asset …