Asset Management

  • Cost savings through efficient asset tracking.
  • Assign assets to team members as needed.
  • Release assets when tasks are completed.
Benefits Capabilities Pain Points Why Asset Management?
 

The aim of asset management is cost reduction through optimized asset utilization plans.

 

Monitor asset purchases and associated expenses efficiently.

Enable employees to request assets with specified purpose and duration.

Predict resource needs and release assets when no longer required.

Avoid unnecessary asset acquisitions through effective management.

Capabilities

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Assets Categories

  • Identify various assets, including mobile phones, computers, and accessories.
  • Categorize assets based on type and usage for organized management.
 

Manage Assets

  • Record all assets in the inventory.
  • Save purchase invoices for reference.
  • Create barcodes for each asset for efficient tracking and management.
  • Maintain comprehensive asset records, including serial numbers, purchase prices, and warranty expiration dates.
 

Asset Request

  • Manage and process asset requests from employees.
  • Assign assets to requesting employees.
  • Release assets that have been allocated and are no longer needed.

Pain Points

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Maintain Comprehensive Records of All Inventory Stock
Absence of a System for Accessing Asset Warranty and Purchase Information
Inefficient Manual Procedure for Asset Requests and Tracking
Uncertainty About the Lifecycle of Assets

Why Asset Management?

Asset management

An asset management solution offers several benefits to a company, including:

  • Improved asset visibility: An asset management solution provides a centralized repository for all of a company's assets, making it easier to track and monitor them.

  • Enhanced security: An asset management solution can help secure assets by controlling who has access to them and tracking who has made changes.

  • Increased efficiency: An asset management solution can automate many manual processes, such as asset tracking and maintenance scheduling, to increase efficiency.

  • Better decision-making: An asset management solution can provide real-time data and insights into a company's assets, allowing for more informed decision-making.

  • Reduced costs: An asset management solution can help a company optimize its asset utilization and reduce costs associated with lost or damaged assets.

  • Increased accuracy: An asset management solution can eliminate errors and discrepancies associated with manual asset tracking processes, increasing the accuracy of a company's asset data.

Impact of not using Asset Management Solution

Not using an asset management solution can result in several drawbacks, including:

  • Poor asset visibility: Without an asset management solution, it can be difficult to track and monitor a company's assets, leading to lost or misplaced assets.

  • Inefficient processes: Without an asset management solution, manual processes such as asset tracking and maintenance scheduling can be time-consuming and prone to errors.

  • Lack of real-time data: Without an asset management solution, a company may lack real-time data and insights into its assets, which can hinder informed decision-making.

  • Increased costs: Without an asset management solution, a company may experience higher costs associated with lost or damaged assets, as well as inefficiencies in its asset utilization.

  • Inaccurate asset data: Without an asset management solution, a company may struggle with errors and discrepancies in its asset data, which can impact the accuracy of its information.

  • Limited security: Without an asset management solution, a company may lack the controls necessary to secure its assets, which can put sensitive information and equipment at risk.