Asset Management

Showing posts with label Website. Show all posts

Inventory Asset Management Software - Can It Save Time and Maximizes Profits

Managing inventories is one of the most complicated tasks that an organization has to deal with if they have an global exposure. It is truly important to know how inventory are being managed before appreciating the true value of an inventory asset management software.

How do we know we need this software?

Each company need to examine how their staff track the inventory when access to the software was not given. Once this is determined, the management might decided to implement an inventory asset management system within the company.

Can expenses be eliminated with the use of this software?

More than 10 years, most companies employed staff to manage the company inventory. They might hired one person to examine all of the items ordered by the employees. He or she will then determined whether each order was approved. With the introduction of this system, it eliminates the expense of hiring such an employee.

When routine orders are recognized by the software, the company only require one or two person to take a look at the requirements for new projects. If the orders for a new project were found satisfactory, then those newly-ordered items could be added to the information on the inventory asset management software.

Can time be saved using this inventory asset management software?

Some one decade ago, most companies relied on using paper to get their items ordered to be delivered to the right people. One or more staff would be required to receive, examine the invoice that came with each order. Then, the person in the receiving department would use a lot of their time taking the items to the right people.

#1 This software eliminates the need for a long examination of paperwork.

#2 The software can identify where each incoming item must go to.

#3 It provides a way for keeping track of produce generated within the company walls.

The ability for the software to keep track of product generation has often been the problem in research labs. However, in the absence of the software, the staff could not find a way to illustrate the extent of their production efforts.

Lots of time are wasted in trying to retrieving the stored items in their warehouse. Therefore, the usage of an inventory asset management software saves company employees much valuable time.

In conclusion, the software frees staff from the time-consuming task of finding a way to store items that had remained "under the radar" of the old system for keeping track of company inventory and allows them to attend to other pressing tasks.

By doing that, most companies would definitely improve their efficiency and productivity thus leading to increasing profits for shareholders.

This way, I am sure your company profits to soar to greater heights. With that in mind, Eddy believe he can help bosses to better manage their assets.

Author Resource:- Eddy Kong WW is the webmaster of a website called, Using Inventory Asset Management Software To Save Time. This shared resource will be able to help companies manage their assets better so as to improve their profitability and productivity. Drop by at his site now for more information on asset management.

Article From New Ezine Articles

Free Asset Management Software

Sphere: Related Content

Can you get asset management software for free? The answer is yes but there only a handful of them around. Whether it is free or not, it is truly something that companies need in order to prevent duplication. While most vendors sell these to companies, those who are unsure whether the system will work for them can avail of free trials which can be used for a short period of time.

If your company has an information technology department, then chances are they can probably make one on their own. However, not everybody can do that so you better read on to know which ones are giving this out for free.

One company that comes to mind which offers free asset management software is SysAid. You can download the freeware from their website and then use it. The only limitation is that their program can only work for organizations that have less than a hundred computers. If you are happy with their system, you can buy the full product by submitting your details then a company representative will get in touch with you.

Another company is Footprints. You can download their asset management software program for a 30 day trial period. Afterwards, you have to pay in order to continue using their services.

But asset management software can be used for others things than just monitor the inventory of a company.

It can help guide management’s decision in dealing with non-profitable assets. If there are certain offices that are not making money, it is best to just close it even if it means cutting a few jobs from the workforce. If there is surplus, the company can convert this to cash by selling these off to potential buyers. Also, if the current equipment is already outdated, there is reason to upgrade this to something better.

One other aspect of asset management software is its ability to catalog music, videos and pictures. Technically, such data are assets of the company and these are better known as digital asset management systems because everything is encrypted digitally.

This will enable the user to get this based on the format of their choosing. Some sites that offer this users are YouTube and Multiply. But this could not be possible without the media, entertainment and advertising agencies that first used this as they needed to archive their vast video library.

It is forecasted that more companies will utilize asset management programs in the future. But those who decide to invest in such a system should remember that it is merely a tool that is to help the company. Somebody has to be trained how to use it so this can be accessed by every department via the intranet.

Are asset management software applications only for large companies? The answer is no because there are versions for personal users. These may be hard to find so it is best to just stick with web based applications.

The chances of getting free asset management software are very slim. But aside from the two mentioned, there are others to choose from so if you are in the market, it is best to look for these online. It is best to read reviews and blogs that are written about them or see it for yourself by trying the free trial version first before buying the program.

Digital Asset Management

Sphere: Related Content

In recent years, various devices have been made to fully maximize the use of digital technology. You have digital cameras, the Ipod, DVD’s, CD’s and MP3’s. This can be downloaded or uploaded in various websites. As a result, companies who make money online have to focus on digital asset management as this has become just as important as other assets.

Digital asset management or DAM for short consists of annotating, cataloging, ingesting, storing and retrieving of digital assets such as videos, photographs, animation and music using various hardware and software systems. It also refers to the archiving, backing up, downloading, exporting, grouping, maintaining, optimizing, rating and thinning of these files.

Thanks to advances in technology, a digital asset may now be available in different formats. Examples of these cold be manuscripts, plays, music, and videos that could all be created digitally and then downloaded by whoever wants it. Some sites will give this to your for free while other will require you to pay a small fee.

So companies can avoid having problems with the information being uploaded to their site, it is best for them to invest in a software technology solution that can archive, categorize and catalog these digital files. Although it will cost them a lot of time and money, doing so will assure the public that these can be safely and easily stored and retrieved whenever it is needed.

Since viruses could corrupt these files, another component of effective digital asset management is through an efficient and regular back up process. This will allow the company to retrieve those files in the event that these were lost due to an emergency or a disaster.

Aside from online businesses, there are also others who use a similar digital asset management system. These include the following brand asset management systems, these are often used by companies for marketing and sales related efforts. Examples of the data they need to store are photos, logos and marketing paraphernalia.

Then there are library asset management systems which is why schools and others use to store data. Examples of these are newspaper clippings which is an improvement from the kind that was converted into microfilm.

Perhaps one of the biggest challenges in choosing which DAM system to invest in is who will be using the system and how it works. The people you hire should be familiar with it so they can easily store the files. However, if the average Joe will upload files, does he or she have the technical level to understand that?

You should assume that this person does not know anything so you have to get a DAM system that is very user-friendly.

Is there one company out there that can provide the best all in one digital asset management system? The answer is no because it is still growing making it a work in progress. This means that digital asset management is not just about buying the right equipment but also having the right people to manage the archiving process.

In conclusion, digital asset management is important in any business that has to store vast amounts of data. Without the system, it will take some time to find files that were uploaded several months ago when those who have such a system in place will be able to see it in a matter of seconds.