Great article on Understanding Asset Management posted on FacilityMnagement.com
Your assets and equipment are the most important part of your business and also the most costly. Businesses maintain a wide range of assets that include fixed and liquid assets. As a business owner, it is important to be able to identify and manage your assets and use them to get the maximum possible return on your investment. Improper business asset management means unscheduled downtime, leading to additional costs that have a major impact on your bottom line.