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Asset Management is an important tool so that organizations can properly use all their resources to achieve their strategic objectives.
It is quite obvious that the more efficient a company is, the greater its chances of success, and this is entirely related to the use of its assets, from purchase to disposal.
The concern with managing assets provides the opportunity to extend their useful life, identifying moments to perform predictive maintenance or necessary replacements.
In addition to maximizing use and reducing costs, there is guarantee of compliance and adherence to required regulations and standards.
All these issues give greater security to customers, investors, and company employees. After all, all efforts and assets are aligned with business objectives, driving growth and increasing competitive advantages.
What are assets?
In a simplified explanation, an asset is everything that the company owns and can control. In other words, they are physical or non-physical objects known as tangible and intangible.
Tangible assets are palpable, which can be visually materialized. Intangible assets are not physical, and consist of intellectual property, copyrights, brands, among others.
Although all companies have assets, there are differences according to the sector and the nature of the business. For example:
- Technology: intellectual property, patents, registered trademarks, programming codes, software, algorithms, equipment, servers, and hardware;
- Financial: stocks, bonds, client portfolios, contracts, licenses, buildings, agencies;
- Health: intellectual property on medical treatments, drug patents, medical equipment, hospital installations and their supplies;
- Retail: brands, company reputation, stock, installations, distribution centers;
- Industry: brands, process patents, equipment, machinery, raw material stocks, finished products.
Both tangible and intangible assets are fundamental to underpin and sustain the growth of companies.
In this sense, Asset Management is an essential activity for the good performance, coherence, and use of resources in business development.
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