Services | Asset Management Process

Considering business processes as cycles can lead to important insights in how best to model, implement, leverage, and support them, and asset management is a great example of this principle in action.

Once an organization recognizes the need for a useful type of resource (e.g. computers, desks, chairs, vehicles, etc), it is wise to develop and document requirements for this resource.  These requirements can then be used to identify and procure assets that meet them.  Upon delivery or “intake”, these assets should be tagged and inventoried.  The asset management process can then track them as they age and depreciate, periodically providing related data to finance and other stakeholder organizational units, until the assets are due for replacement.  At this point, requirements may be revised in light of changes to the business, the availability of new and better alternatives, etc, and the process begins again.

Similar management processes may also be valuable for inventory resulting from manufacturing or research and development (R&D) as well as for virtual/digital assets in addition to tangible/physical ones.

Let’s enable your organization to be the best stewards of the valuable resources they procure, create, and manage, enabling an efficient, well-equipped enterprise!