In the age of excess, tracking excess assets is still an important practice. Small and large corporations alike should understand the importance of excess in tracking and valuing their net worth. With the rate of innovation going beyond limits nowadays, asset management innovations provide optimal solutions to reduce complexities.

1. Tracking Assets in the
Age of Excess
Mainpac
http://www.mainpac.com.au

2. In the age of excess, tracking excess assets is still an important practice. Small and
large corporations alike should understand the importance of excess in tracking and
valuing their net worth. With the rate of innovation going beyond limits nowadays,
asset management innovations provide optimal solutions to reduce complexities.
Given the rate of productivity and excess resources that organisations have, the big
challenge now is to design coordinating mechanisms that can shorten or fill the gaps
between different members and sectors of an organisation.
The Role of Software in Asset Management
Software has completely changed the way enterprises operate. It fills the operational
gaps that people can’t accomplish. Software engineers have created optimal solutions
and strategies to help businesses track their most valuable assets with just a few
clicks.
Asset management software is specifically tailored for the needs of an organisation in a
particular industry. It helps reduce inventory levels to only the essentials to guide the
project manager in conducting a critical analysis of equipment and resources used and
the costs associated with carrying excess.

3. Balancing Cost, Risks and Opportunities
The goal of asset management is to achieve the desired performance of assets and
reduce excess carrying costs. Optimal software solutions have enabled managers to
achieve this balance between costs, risks and opportunities, which are necessary steps to
achieving organisational objectives.
But more than that, the software allows managers to achieve the desired performance of
assets within a given timeframe or over different time frames and at different levels.
Because the life cycle of assets has different stages, this strategy allows managers to
manage and optimise assets according to their inherent capabilities.
In addition to filling asset gaps and optimising according to the life cycle of assets, asset
management software creates a database of a company’s assets so that managers can
instantly monitor the inventory. Some software interfaces allow clients to some extent to
view the status of assets. Being able to collect, scan and view assets eliminates ghost
assets as well, which can greatly help the organisation determine their most accurate net
worth.

4. Innovations in asset management, including portable barcode scanners and cutting-edge
trackers, have diluted the intricacies of fixed asset planning and tracking. It has paved
the way for long-range financial forecasting and goal-setting for enterprises of all sizes.
SOURCES:
http://mainpac.com.au/
http://www.osec.doc.gov/ofm/OAP/PPMTD/Documents/Sunflower_documents/7_Excess_
5.0.pdf
http://www.bankofengland.co.uk/publications/Documents/speeches/2014/speech723.pdf
http://www.investopedia.com/articles/pf/13/importance-of-knowing-your-net-worth.asp
http://www.waspbarcode.com/buzz/effective-asset-management/