Machines used in the business of a company have several ingredients that build the whole equipment. Such small components can be purchased beforehand in case if there is a breakdown of equipment in the future.The items are linked to specific … Continue Reading
Asset Infinity Blog
Blogs which help you to manage your assets
Keeping a track of breakdowns can help in asset replacements
There are times when a company wishes to discard some assets and equipment used in its business. There must be some factors, which prompted the company to dispose of these machines. Some of the factors for discarding the assets – … Continue Reading
Why should assets have a unique asset code?
Companies need to keep track of the assets so that they can control their valuable properties and prevent them from loss or damage. In order to keep the track, the assets are required to tag with unique code or numbers. … Continue Reading
Simple planning can reduce capital expense and increase asset productivity
Unexpected breakdown of a machine could create downtime in while the defected part is waiting to be repaired or replaced. Stoppage of one engine could start the events of chain reaction and the whole function in the business could be … Continue Reading
Making employees responsible for the assets they use
A company may deploy several equipment and resources at the workplace that are used by its employees to perform the several tasks related to their jobs. The duty of the employees is to utilize these resources to create revenue for … Continue Reading
Simplifying the physical verification processes with asset tracking tools
Employees of an organisation may frequently use assets and equipment to operate their tasks. These valuable things benefit the organisation to bring capital and resource to the business. Sometimes, they might face downtime due to equipment breakdown or technical failure. … Continue Reading
Keeping control of asset thefts and losses
The assets are the part of the business entity. Besides being the mechanism to generate income, assets are also counted as “wealth” of the business. In a big organisation, when the specific assets are deployed to the specific persons, the … Continue Reading
Getting visibility into the costs spent on your assets
A company’s net income is calculated by how much it has earned over a period of time and how much it had spent on doing business. Examples of cost of business may include depreciation cost, taxes, asset maintenance cost, and … Continue Reading
Identifying underutilised assets in your organisation
There are companies that own several equipment and machines that are helping their organisations to function the business. The machines are recognised as tangible assets and they are frequently used by the organisations to generate revenue. The profit of the … Continue Reading
Avoiding misuse of assets in an organisation
Recently, you just received a bill for some tangible assets that are being used in your business. You went through the list and found out that some of these items are believed to be inactive, long time ago. You might … Continue Reading