Assets Management System

Assets Management System

What is an Asset Management ?

Asset management may be defined as a structured approach to the long term management of assets as tools for the efficient and effective delivery of community benefits.

In other words >> A systematic process of effectively maintaining, upgrading and operating assets, and providing the tools to facilitate a more organized and flexible approach to making decisions necessary to achieve the public’s expectations.

Why need Asset Management System ?

  >> To keep record of all the assets.

  ( Description, Custodian, Price, Location, Type of Asset )

  >> Movement record.

  ( In and Out )

  >>Vendor information.

  >> Keep record of related documents. 

  (Manuals, Purchase Orders, Image)   

  >>Depreciation of assets using different methods.

  (Straight line method, Double declining method, Sum-of-the-

  years-digits )