Recent Articles

Water damages artwork in Utah, high-end merchandise in San Francisco

There are a number of naturally occurring forces that can wreak havoc on fixed assets. The most troubling is water. Water damage can be very expensive due to cleanup and the damage it can cause to material items. A recent report from St. George News, a small publication based in Utah, highlighted significant water damage that was the result of a sprinkler malfunction at Dixie State University. Computers and valuable artwork housed at the school were affected. The incident left the school with as much as six inches of standing water on the floor, damaging fixed assets in all of the areas affected. A…

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Innovative asset management system protects natural gas lines

As the weather begins to improve during spring and summer, construction efforts around the country also start to pick up. Not only do the number of infrastructure projects increase, but residential and commercial building efforts experience an uptick as well. However, an unfortunate side effect of the added construction activity is that fixed assets owned by municipal agencies, such as gas, light and electric companies, often become damaged, resulting in considerable financial losses and inconvenience for residents affected. The Northwest Indiana Times reported 89 instances of damage to natural gas lines owned and maintained by the Northern Indiana Public Service Company….

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Water damages UCLA campus, Utah middle school

Disasters can happen at any time. Although there is no surefire way to predict mishaps or prevent them from occurring, if there is a threat to material investments, then a strong asset management program can help in the recovery process. CNN recently reported on a water main break that caused significant damage on the UCLA campus in Los Angeles. The news outlet stated that 20 million gallons of water, flowing at a per-minute estimate of 35,000 gallons, affected a number or areas on the sprawling campus, including the newly renovated Pauley Pavilion, which underwent a $136 million facelift in 2012….

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Thief steals $60K in dental equipment, serial robbers arrested

A number of industries rely on fixed assets to achieve a level of operational efficiency. Health care organizations are among those that must implement fixed asset management best practices in order to better do their jobs with respect to patient care. The tools used in health care are critical in emergency situations and help save lives. Therefore, it's important these items are properly maintained at all times and accounted for as well. According to The New York Post, two dental offices in Brooklyn were broken into and the thief made off with nearly $65,000 in equipment, with a majority of the financial losses occurring at one practice. The fixed assets…

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Corporate relocations can be made easier with inventory management

An asset management program can help companies protect items that are essential to maintaining operational efficiency. This solution can help decision-makers monitor inventory levels and determine when the optimal time for routine maintenance and repair would be. In addition, it can offer a measure of protection in the wake of accidental damage or theft. However, the use of asset accounting software would also be beneficial should a company decide to relocate its base of operations from one place to another. It's unfortunate that during moves of this kind, regardless of the distance, items may not arrive at their intended destination. However, this is one…

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