All entries for Wednesday 06 April 2011

April 06, 2011


Assets are the most important part of all the organizations irrespective of their size. They could be tangible or intangible. Tangible assets include things like building, machinary, tools etc and intangible assets are non physical such as copyrights, patents etc. In this module we are going to focus on physical assets like buildinhg plant and other assets like computer programs and information assets which also fall under one of these catagories as well. Asset management is basically about how we can effectively manage all of these assets. It also includes aspects like health and safety, security, maintenance, environmental management aswell, which are all related to these assets. So, we have to manage our assets in accordance with all of these aspects to gain improvement and increase our customer satisfaction. A company striving for excellence has to look at all of these perspectives and can not over look any of these since there is no short cut to excellence.

So, we can see that asset management is very very important for all the organizations and there is a need to manage them with great responsibility and effectiveness for reaching excellence. So, in the future when we join an organization in any business with what ever assets, we need to highlight the importance of asset management and what benefits it would bring to the organization. 

April 2011

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