Assets and Management - Are You Managing Your Assets Effectively?

Posted on Jun 09, 2015

Asset management solutions can save businesses time and money and empower them to operate more effectively, even empowering them to gain a competitive edge over their competitors.

HR outsourcing is considered an astute way to manage what many business experts consider to be a business’s most valuable asset, their workforce, and taking into account the number of hurdles that business organisations are forced to navigate in the modern era where human resources are concerned, it makes perfect sense to outsource HR processes to a dedicated HR firm, of which there are many.

Digital asset management solutions, like Asset Inventory Management (AIM) software, has also proven to be an excellent way to manage a business organisation’s assets more effectively and efficiently. There are now numerous software programs on the market to select from, some of which will naturally prove a better choice than others due to factors such as suitability for the organisation, the costs involved in acquisition and changing to a new system of asset management, and the aftersales support and assistance the vendor provides.

What is an asset?

As with most things in business, the definition of an asset is frequently debated and quite often subject to interpretation. A good definition of an asset is the one provided by Wikipedia, ‘Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset.’

This therefore not only includes business equipment and vehicle fleets, for example, but also the human assets that a business organisation counts as its own. Savvy business organisations invest in their employees by providing them with training and development, but they also need to procure, i.e. hire, the right human assets and that’s where human resource firms enter the equation. Some assets just can’t be managed effectively by software programs, though it is now safe to say that most can.

Are you managing your assets effectively?

Are you getting the most out of your assets? Many managers believe they are and get quite a rude awakening when they realise that they could have been managing their assets in a much more effective manner.

Software programs empower business managers to manage their fixed assets more efficiently and productively, exploiting them to the fullest potential, whilst other assets, most notably human assets, are best managed by other humans - a human resources firm with a proven track record of successfully managing human assets.

HR outsourcing is an excellent way to more effectively manage the human assets that comprise your business organisation, with the result that informed decisions are made. This decreases the risk bad hires pose to your organisation, increases productivity, and reduces operating expenses.

You can revolutionise the way your business organisation manages its assets, both fixed assets like equipment, vehicle fleets, and warehouses, along with human assets, i.e. your employees who you invest time and money in. Get better returns on the investments your business makes by improving the way it manages its assets.

Here are some links you can refer to.