It’s hard to manage recourses without knowing what to manage.
Therefore, asset management is a very important part of your management process. It gives you the framework to document and manage the lifecycle of each asset from installation to retirement of the asset, and all of the moves in between.
When the administrator has full details on each asset, he will be able to keep management costs low, optimizing the use of each asset and provide management information at any time when needed.
An asset management program allows for better incident and problem management by providing service engineers with important asset details. This can improve resolution rates and keep repair time short. It also makes it easier to modify installations by connecting service information to specific assets. This helps keeping maintenance costs down.