All entries for Sunday 03 April 2011

April 03, 2011

repair or buy

No one wants to deny the importance of asset management but almost all the companies only focuses on managing the assets that have high values. This is because the time and people are usually limited in a company and managers believe asset management is not so important in low-value products, so that they tend to let his people to work on other important projects. Not only managers but also many employees have the same opinion. Seldom people really care about low-value assets because they don¡¯t want to ¡°waste¡± their time in these non-valued products. As a result, the report in accounting departments will become messier year after year and finally, it is impossible to manage these things through the reports.

In addition, asset management is always missing in this situation. For example, if a duplicating macline has been destroyed, most of the companies are going to let someone to fix it instead of buying a new machine. However, repairing machines costs a number of money either. It is possible that even buy a new machine costs a lot, the effectiveness and efficiency of the machine will increase work performance. Also, repairing machines never mean to spend less money than to buy a new one, which is obviously.  

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