How is Asset Management different from Asset Tracking?

How is Asset Management different from Asset Tracking?

Asset management is a high-level process that integrates people, processes, and technologies to maximize end-user productivity, contain costs, and maintain compliance. A successful asset management program is one that delivers detailed reports, helps you maintain existing assets and budget new assets, is a decision-making tool that can have an enormous impact on your company in terms of time and money. For better asset management , however, you need an asset tracking solution. Only when you have information about all your assets, can you have a meaningful plan for managing those assets in other ways. Asset tracking includes bar coding assets, physical collection of asset data and control.

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