What are the benefits of Asset Management?

What are the benefits of Asset Management?

Successful asset tracking results in more accurate budgeting, better control of assets, and effective life-cycle management of assets. Asset tracking is an important part of overall asset management.

Here are some just of the benefits of implementing an asset management program:

  • Accountability by users
  • Improve ROI , saving money by not purchasing or maintaining unnecessary assets.
  • Re-deploy unused assets
  • Improved vendor management
  • Timely renewal of insurance and service contacts.
  • Gaining access to accurate information relating to your assets saves time and increases an organizations ability to make logical decisions regarding your investments.
  • Asset lifecycle management – realize costs and time associated with the management of assets. Creating efficiencies and reducing TCO becomes possible only when an accurate asset roadmap is defined.

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