Asset Management

What is Asset Management? 

It is the management of a company’s assets to obtain the best return on the investment of that asset.  Assets are anything of value in a company including Equipment, Labor, on-hand Inventory, Maintenance and Operating Procedures.

What activities are included in an asset management program? 

These activities include (but are not limited to) Preventive Maintenance (PM), Work Control, Inventory Control, Resource Management.  Asset management includes processes, policies, and tools that are used to document, track, and report on usage and costs for your company.