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Informative Articles

Bankruptcy as a debt management solution: Why do so many of us have so much debt?
In 2004, 1,562,174 Americans sought protection from creditors through bankruptcy court - a per capita rate over ten times higher than during the worst years of the Great Depression! According to the Consumer Federation of America, in 2003 alone over...
Free Debt Management Services Compared
Debt plagues millions of people all over the world. Debt can be a positive thing. For instance, if we never had any debt we would never be able to buy a house or a car. Debt is necessary in many cases, but for some people it can get out of hand....
Offshore outsourcing - Ideal tool for a successful business management
The core of business management is using your time in areas that are more productive. Imagine precious hours of your time are wasted on doing loads manual work that eats your energy. Do you think that your time should be utilized in implementing...
Time Management
Wondering where the day has gone? Still not finished with work even though it's nine at night and you were supposed to go home at six? Here are some tips to help you manage your time better. Take brief walks - I know it sounds counter-intuitive,...
When Is Time Management Not Enough?
A working manager needs more than time management. That old saying, “Dance with the one that brought you to the ball,” came to mind as I received a reality jolt recently. Let me share with you that jolting insight. I was in transition away from...
 
Asset Management 101

Asset management is the method that a company uses to track fixed assets. It is the process of controlling assets throughout their lifecycle - from procurement, through daily operations, and finally disposal. Factory equipment, desks, chairs, computers, and property are some examples of such assets. Broadly speaking, asset management involves tracking the physical location of assets, managing demand for scarce resources, and accounting tasks such as amortization. Issues that are part of asset management include asset value and depreciation; purchasing requests, orders, and asset receipts; licenses, leases, maintenance, and other contracts; vendor performance, service levels, and warranties; departmental and user data; and physical asset attributes. One of the purposes of going all these lengths and putting in effort to organize all this information is to keep track of important information such as how much the asset costs, whom it was purchased from, who is using it, where it is physically located, which department code the cost should be assigned to, which vendor should be called for support, when the lease expires, when it should be retired, what the depreciation rate is, etc. This, in turn, provides the basis for managing and optimizing an


organization's entire asset portfolio.

When we speak of property management as part of asset management, it includes property selection, implementation of policies and performance standards for that property, and monitoring of its performance in relation to the owner's objectives.

Generally, there are four broad stages of the asset lifecycle: Planning and procurement: This involves planning, ordering, and receiving the technology. Operations: This includes managing the day-to-day operations of the assets to maximize productivity. Financial management: It involves ensuring accurate tax, depreciation, and other costs. Disposal: Once it is time for disposal, you are required to remove the asset from the enterprise in compliance with environmental regulations.

Various tools are available for asset management. However, it is important to realize that asset management is primarily a process, and the tools aspect is just a small aspect of it. Since every organization is unique, with its own unique needs and strategies, the ideal asset management process for each organization differs.

About the author:

Chris Tolamalu is interested in asset management.

 

About Management - business management - people management - and more
THE starting place for exploring MANAGEMENT; helping new managers get started and experienced managers get better.
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Management - Wikipedia, the free encyclopedia
The phrase "management is what managers do" occurs widely, suggesting the difficulty of ... The management of a large organisation may have three levels: ...
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Free Management Library
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Welcome to the American Management Association
Helping business professionals learn practical management skills and the best practices of world class organization.
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Project Management Institute (PMI) - The largest project ...
The organization of choice for project management professionalism. PMI establishes Project Management standards, provides seminars, educational programs and ...
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IT Project Management and IT Service Management Ideas and Analysis ...
Datamation provides ideas and analysis for IT managers, featuring case studies and trend spotting reports on IT project and service management issues.
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Management
International review on management research. Peer-reviewed, occasional. Ejournal, with tables of content, abstracts and full articles available on-line.
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Society for Human Resource Management
Advances the human resource profession to ensure that HR is recognized as an essential partner in developing and executing organizational strategy.
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FEMA | Federal Emergency Management Agency
Agency of the US government tasked with Disaster Mitigation, Preparedness, Response & Recovery planning.
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FT.com / Business Life
Account Manager. Recruiter: Financial Times. Part Qualified Management Accountant. Recruiter: Robert Half Finance & Accounting ...
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Small Business Management: Advice and Guides
Online guide to small business management. Find articles, advice and how-to guides.
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Academy of Management Online
Academy of Management: This is the official web site of the Academy of Management, with information on membership, journals, list servers, web sites, ...
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Business Management, Leadership and Decision Making Strategies and ...
Provides business management articles, webcasts, online learning, and books as well as conferences focused on leadership and decision making.
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Object Management Group
Distributed object computing industry standards group founded in 1989. Defined standards include CORBA and IIOP.
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Management Reading | Global Executive | Business | Economist.com
The one management thinker every educated person should read Nov 17th 2005 ... The story of Emerson's successful management process is fascinating. ...
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Emerald: Home
Publisher of journals in management and library and information services, engineering, applied science and technology.
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Yale School of Management
The mission of the Yale School of Management is to educate global leaders for business and society. We pride ourselves in providing a hard-edged business ...
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US Office of Personnel Management
Official Federal Government site listing positions nationwide for special agent, federal police officers and related jobs.
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Waste Management
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