it's difficult to identify assets
So far what we have done is about how to treat the asset in WaveRiders, for example how to maintain it, how to improve it to meet health, safety and environment policies. These are difficult and complex tasks, obviously. To start asset management, firstly we should know what is asset, which means it is important to identify the asset. But it is so difficult to know exactly what assets a company has, especially when the company is large. For example, it¡¯s the purchase department¡¯s responsibility to buy a new product, after that, the product will be sent to a particular department or person. Now the company has already got the product. At the same, the related accountants must record the purchase correctly. When the product is broken and has to discard it. The related accountants should be informed either in order to modify the record. If the accountants fail to receive the message or they make a wrong record, than there will be a gap between the record and the real product. This situation can happen frequently. For instance, the purchaser forgets to inform the accountants or the accountants overlook the message, especially when the value of product is low. The differences will certainly generate problems and chaos when inspecting the assets. Companies always use the record to manage its assets, to identify their assets and the value of them, and then give some instructions to deal with some assets. If a non-existent product is given some instructions, it¡¯s easy to imagine the problems.