Norman Brodeur - Essential Tips for Asset Management

Effective asset management is vital to any company or organization so that inventories can be accurately assessed, reducing the likelihood of equipment being lost or stolen. Asset management is also important for regulating maintenance issues and ensuring compliance with insurance and government.

Get senior management support

Asset management systems usually represent a significant financial investment and commitment by companies and organizations, so senior management support is vital to success.

Use only qualified and trained professional staff

Asset management requires the deployment of trained and qualified professional staff in order to be successful. The business processes that maintain data accuracy must be implemented then continue to be updated as your company or organization evolves.

Define what is needed

Companies and organizations have a tendency to rush into the inventory and software implementation aspects of asset management before taking the time to sufficiently identify their aims and needs.

Start small

A newly-introduced asset management system is a new discipline. Implement asset management in realistic phases by starting with individual departments then building up to entire cover across the company or organization.

Share your success

Demonstrate the value of your asset management system by sharing data with appropriate staff at various levels within your company or organization. This will encourage ongoing support from senior management as well as other departments.