What is Asset Management?
Asset Management is the art and science of making the right decisions and optimising the proces. Management of all physical assets (inc. maintenance, inspection and renewal) plays a key role in determining the operational performance and profitability of industries that operate assets as part of their core business.
A common objective is to minimise the whole life cost of assets but there may be other critical factors such as risk or business continuity to be considered objectively in this decision making.
Asset labels can be used to mark equipments like computers, furniture, machinery and various other tools and assets. Asset labels come with an adhesive material on the reverse so its easy to attach them on the tool or equipment which they will identify on attachment. You can also find asset labels with a barcode printed on them.
There are different types of tags/labels to suit different requirements. Each label or tag has some special feature that makes it different from others. So before you purchase an asset label, identify your asset tagging requirement. You must also understand why you need an asset label - is it for security or to properly manage your equipments. Based on this you should decide the type of asset tag you need as there are many kinds of asset tags and labels available in the market.
Management of all physical assets (inc. maintenance, inspection and renewal) plays a key role in determining the operational performance and profitability of industries that operate assets as part of their core business.
This emerging professional discipline deals with the optimal management of physical asset systems and their life cycles. It represents a cross-disciplinary collaboration to achieve best net, sustained value-for-money in the selection, design/ acquisition, operations, maintenance and renewal/ disposal of physical infrastructure and equipment.
This ASSET LABELS article was created on 17th February 2011
Published on Thursday 17th February 2011