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Common failures with fixed/physical asset management - Asset Infinity

Source: https://www.assetinfinity.com/blog/common-failures-fixedphysical-asset-manag...

One of the first things that companies need to stop doing is using outdated methods like spreadsheets of managing assets for asset management. Managing audit trails is another challenge faced by organizations using traditional methods of asset management. When you do physical asset tracking, it helps in improving maintenance work. But asset tracking management software like Asset Infinity provides easy solutions. By eliminating the common mistakes made with respect to physical/fixed asset management.

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assetinfinity

How Do the Military and Defence Industries Improve Equipment Tracking? - Asset Infinity
Enterprise asset management schedules the maintenance in order to keep the asset and equipment optimized. Enterprise asset management will be effective if you have asset management software in your in-house, to keep track of your assets.
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Inventory management is also important to monitor perishable items i.e. medication. without inventory tracking software, no one can keep accurate and real-time data of supplies and equipment which have depleted and are needed to be re-ordered.
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Asset Infinity

If a company is small-sized or has a low number of assets, the tendency is still to keep track of assets manually. But if we have asset management software, then here are some of the more common asset tracking issues that need to be addressed.
How Self-Audits Can Ease Asset Physical Verification? - Asset Infinity
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Understanding of Asset Lifecycle Management in the Supply Chain Industry - Asset Infinity
A company of any size small or large constitutes some fixed assets.These fixed assets provide value to the company. Moreover, they are considered as pillars of the organization as their deformity can cause many losses to the company/organization and eventually affect the business.
Asset tags or asset labels are commonly made of anodized aluminum or laminated polyester. all information pertaining to the purchase of an asset until their eventual disposal is traced from the history made available by the use of the asset management software and asset tagging that comes affixed along.
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