Asset Management is Critical for Public Institutions
- Author Malcolm Nguyen
- Published April 23, 2010
- Word count 531
While asset management is important for any type of institution it is particularly important for schools and other public institutions. Money is tight and you are responsible to the community for how you handle the resources you have. Unless you know where your assets are and who is using them then you are not doing everything you can to protect the money the public has allocated to you. The bright side is, it does not have to be difficult to establish a good asset management program. You need a couple of tools but when it’s all said and done it will make your job a whole lot easier.
Not only will today’s asset management systems allow you to know where your assets are located, you can monitor how old they are, what the status of warranty is, and what type of maintenance they have required. This can be very powerful when it comes to determining how to plan for the future. Think about it, if you don’t know what you have how can you decide what you need?
Implementing an effect asset management program doesn’t have to be difficult. When you select a management tool that allows for bar coding you can have your new system up and running in no time. For institutions with existing systems, a good new system will allow for uploading of the data you already keep. When it’s all said and done you’ll have one central system that has up to date and comprehensive records of all your assets. Not only will you save money by avoiding unnecessary asset purchases, you’ll have an easier time when the annual budgeting process rolls around each year.
So what should you look for when you are purchasing an asset management software system? First and foremost your system should be easy to install and use. It doesn’t do you much good if the system you select is so difficult to use that your employees resist it. You also want to consider flexibility. Will the system you select handle multiple types of assets? Can it accommodate both assets that stay in one place such as desks and file cabinets as well as items that move around? This is particularly important if you need to track loaner equipment such as cameras and laptops.
Another critical feature in examining asset management tools is what type of resources it takes to run the system. Windows based systems are becoming more and more popular for a variety of reasons. The biggest reason is accessibility. Chances are your systems run Windows. When you purchase an off the shelf asset management system for the Windows platform you are assured that you have the computing power to handle it.
Of course the exact asset management system you select will depend on a lot of factors, the important thing is that you get a good system up and running as soon as possible. The longer you wait the more money you are leaving on the table. When you have your assets under control you can be assured that you are spending your money wisely and where you should be spending it.
Australian Designers and Manufacturers of Barcode Readers and asset management. We’re also specialised in asset tracking, asset management software and time and attendance software.
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Unlocking Efficiency: How Payroll Outsourcing Can Save You Time and Money
- Unveiling the BCG Growth-Share Matrix: A Strategic Tool for Portfolio Analysis
- Project Managers & Stakeholders: Channels of Communication
- Closed Cell Insulation: Your Ultimate Guide
- Leading A Successful Project In A Turbulent Time
- Project Planning
- A Manager's Perspective - Dynamics of the private education industry
- Permanent or Temporary Staffing: Which One Is Right for Your Business?
- Crafting Corporate Culture: Empowering Teams for Success and Fostering Diversity through Strategic Partnerships
- Elevate Business Operations in the UAE | Connect Resources Your Trusted Employer of Record Partner
- Thinking Outside the Box: How Divergent Thinking Boosts Creativity
- The Ultimate Guide to Launching Your Dream Glamping Business
- The Impact of Agile Leadership on Team Enhancement
- Top Strategies for Boosting Your Construction Team's Performance
- Elevating Corporate Success through Relationship Asset Management (RAM): The Chief Relationship Officer's Vital Role
- 5 Strategies for Becoming an Inspiring Leader
- Are you a Leader—or a Dinosaur?
- Networking—Basic things to know
- Lessons from a Farmer
- Think like an Entrepreneur
- Maximising ROI at Your Next Corporate Event
- Hiring Your Leadership Team: The Best Traits for the Best Employee Experience
- Reqi: Your Ultimate Requirements Management Tool
- Hiring Insights and Tips from a COO with a Psychoanalytic Mindset
- Micromanagement Stifles Creativity and Growth
- TIKTOK INFLUENCER MARKETING
- Innovate or Stagnate: Why Business Model Transformation is Non-Negotiable.
- Creating a successful Trade show in 2023
- Air Lift Performance: Elevating Your Driving Experience with Air Suspension
- Disaster Recovery Plan for Tornado