WHAT IS AN
ASSET MANAGEMENT SYSTEM?
An asset management system is the process used by a company to manage all of its assets across the enterprise. These assets can be tangible or intangible. They can include personnel, buildings, software and hardware, inventory, monetary assets, and anything else essential to the day-to-day running of a business. The management of these assets differs from company to company.
Asset Management System is the management of company assets (tangible & intangible) with a systematic process so that the results can be effective and optimal
For the system to be effective, a company must control all aspects of its business assets. It doesn't matter if the company is big or small. There are many moving parts to controlling assets. To stay in control, it is necessary to have an accurate and real-time asset tracking system in place. Otherwise, you risk wasting time and money.