Archive: Jan 2013

Keep track of property during a business move

In search for economic efficiency, companies actually expect to hire at a modest rate this year. Coupled with the fact that new businesses continue to emerge, a significant amount of U.S. entities will likely relocate to new offices and factories. When companies move operations and workplaces to new locations, the task to keep track of property will be daunting yet critical — particularly as they seek to make the most of their resources to maintain efficient operations. Equipment managers and other decision makers have the responsibility of ensuring each fixed asset is properly packed, stored, shipped, unpacked, and put back to use. Items owned by a…

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Sustainability and Fixed Asset Management

With more consumers adding sustainability to their list of expectations from brands that produce their goods and services, many U.S. companies are aligning themselves with international initiatives to make business operations and manufacturing more ecologically friendly.  Running out of resources  In addition to growing pressure from markets to adopt green practices, the U.S. government enforces emission limits and rewards companies that prove their operations are eco-minded with tax breaks. However, a recent study suggests many organizations still remain unprepared for the effect dwindling natural resources will soon have on business. According to the Carbon Trust, many c-level executives believe their company…

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Keep property safe during a move with fixed asset management software

While the outlook for the economy is still hazy, many companies expect to expand and hire at least modestly this year. Coupled with the fact that new businesses continue to emerge constantly, a significant amount of U.S. entities will likely relocate to new offices and factories. When companies move operations and workplaces to new locations, keeping track of property can be a daunting task. Equipment managers and other decision makers have the responsibility of overseeing each fixed asset is properly packed, stored, shipped, unpacked and put back to use. Items owned by a company range from large operational machines and…

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Improving Equipment Management Skills To Faciliate Fixed Asset Accounting and Tracking

Company leaders in charge of supervising equipment, tools and facilities are tasked with myriad responsibilities. As economic uncertainty is leading many companies to tighten their purse strings and cut operational costs, inventory accounting is an especially complex job. Fixed asset management solutions can help businesses efficiently track property and minimize expenses to facilitate equipment management through tracking. In addition, there are several ways decision makers can boost their skills. Develop a financial understanding While many inventory professionals, from fleet managers to accountants, have basic knowledge of fixed asset value depreciation, purchase funding, it’s a good idea to strengthen these skills….

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