Asset
Asset management is a strategic approach to optimizing an organization's assets throughout their life cycle. It involves tracking, maintaining, and optimizing assets to ensure they contribute effectively to the organization's objectives. This module facilitates the monitoring of asset performance, managing warranties and insurance, and overseeing vendor relationships. Effective asset management provides insights into the usage patterns of assets, enabling informed decisions about repairs, replacements, or upgrades. This, in turn, contributes to cost savings, improved efficiency, and better overall resource allocation.