Asset Management System

Introduction

Asset management - i.e., the acquisition, use, maintenance, modification and disposal of assets and properties - is vital to most businesses' performance and success. The more capital-intensive the operation, the more business performance is tied to the availability, maintenance and deployment of the assets. Asset management programs are the most capital intensive and revenue producing area of today's businesses. Many organizations face a significant challenge to track the location, quantity, condition, maintenance and depreciation status of their fixed assets. A popular approach to tracking fixed assets utilizes serial numbered Asset Tags, often with bar codes for easy and accurate reading. Periodically, the owner of the assets can take inventory with a mobile barcode reader and then produce a report. 

Tracking assets is an important concern of every company, regardless of size. Fixed assets are defined as any 'permanent' object that a business uses internally including but not limited to computers, tools, software, or office equipment. While employees may utilize a specific tool or tools, the asset ultimately belongs to the company and must be returned. And therefore without an accurate method of keeping track of these assets it would be very easy for a company to lose control of them. 

Asset Management / Tracking Software

Asset tracking software allows companies to track what assets it owns, where each is located and the cost and depreciation of each asset. The reporting option that is built into asset tracking solution provides pre-built reports, including assets by category and location, book value of assets, asset history and transactions. All of this information is captured in one program and can be used on PCs as well as mobile devices. As a result, companies reduce expenses through loss prevention. They reduce new and unnecessary equipment purchases, and they can more accurately calculate depreciation schedules. The most commonly tracked assets are Fixtures and fittings,Plant and equipment and Buildings.

Why use Asset Management System

Once the barcode asset tracking system is fully populated with the asset and location data, you'll always know where your assets are and how long they've been there. You can generate valuable reports for managing the assets and the costs associated with them. The obvious benefit of a barcode asset tracking system comes from reducing the occurrences of assets disappearing. But further, understanding the location, status and utilization of assets within the organization will save money. Knowing the current non-depreciated value of your assets can help you make repair and maintenance decisions. Often, repair costs will exceed the remaining value of an asset. You'll have more information in making capital expenditure decisions.


Asset Management System Software

The application is clearly focused on asset tracking based on locations as well as classification of assets. This application can provide you with the flexibility that you can have more than one entity can be defined and can maintain separate asset register for each of this entities. The system allows you to define location levels as well as category levels to classify assets and get more accurate reports from the maintained system. Thus our application make it uniquely different from those available around. The system maintains the asset codes itself, thus avoiding any human errors in terms of duplication of the data. The system can identify each and every asset of the premises as uniquely different from other thus the system differentiate itself from the inventory method of tracking. The barcode technology and the ability to print the barcodes from within the system make it more advance in terms of functionality. It gives the end user to make the data portable with the use of a mobile device, again make the system more user operational friendly.

The Asset management system consists of five major components which are the essential part of the system. 
• Asset management Software (Desktop Application)
• Asset Management Software (Mobile Application)
• Microsoft SQL Server Database
• Barcode Thermal Transfer Printer
• Microsoft Windows Mobile Computer

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