Dan bin Investment Summit: on the importance of asset management!

First , Let's be clear , What is asset management ？

One sentence summary , Asset management is developed in a cost-effective way 、 operating 、 The process of maintaining and selling assets .

Specifically speaking , Danbin Investment Summit Think , Asset management refers to the development of assets in a cost-effective manner 、 operating 、 The process of maintaining and selling assets . The term is most commonly used in the financial field , Used to refer to a person or company that manages assets on behalf of an individual or other entity .

Every company needs to track its assets . such , Its stakeholders will know which assets can be used to provide the best return . The assets owned by any enterprise fall into two categories ： Fixed assets and current assets . Fixed assets or non current assets refer to assets acquired for long-term use , Current assets refer to assets that can be realized into cash in a short time .

In asset management , Managers often deal with two main issues . First, what role does the asset management process play ？ The second is how to make a good asset management plan ？

The importance of asset management

There are several reasons why enterprises should pay attention to asset management , Include ：

1. Enable the company to account for all its assets
This process makes it easy for organizations to track their assets , Whether flowing or fixed . The owner of the company will know the location of the assets 、 How they are used and whether they have changed . therefore , Asset recovery can be carried out more effectively , So as to bring higher returns .

2. Help to ensure the accuracy of amortization rate
Due to regular inspection of assets , The asset management process ensures that financial statements record them correctly .

3. Help identify and manage risks
Asset management includes identifying and managing risks arising from the use and ownership of certain assets . This means that the company will always be ready to manage any emerging risks .

4. Remove phantom assets from company inventory
There is a loss 、 Damaged or stolen assets are wrongly recorded in the books . Through strategic asset management plan , The owners of the company will be aware of the assets that have been lost , And will eliminate them from the books .

Develop strategic asset management plan

Ownership of assets is part of any public or private enterprise . In order to manage assets effectively , Company owners need to make strategic plans .

1. Complete asset count
First , The owner needs to calculate all the assets he owns . If he doesn't know the exact amount of assets in inventory , Then he will not be able to manage them effectively . When preparing the company's asset list , It should include the following ：

Total assets
Where are the assets
The value of each asset
Time to acquire assets
The expected life cycle of the asset
2. Calculate life cycle cost
If the business owner wants his asset management plan to be accurate , Then he should calculate the whole life cycle cost of each asset . Many company owners make the mistake of calculating only the initial purchase cost .

In the life cycle of assets , There may be additional costs , For example, maintenance costs 、 State and performance modeling and disposal costs .

3. Set service level
After calculating the life cycle cost , The next step is to set service levels . In short , It means outlining the overall quality of the different services provided by the asset 、 Capacity and function . By doing so , The owner of the company can determine the operations needed to keep the assets in good condition 、 Maintenance and update activities .

4. Long term financial planning
Ideally , The asset management process adopted by the company's owners should be easily translated into long-term financial plans . Have a good financial plan , The owner can evaluate which goals are feasible , What needs to be prioritized .

Benefits of asset management

There are many benefits to adopting an asset management strategy , for example ：

1. Improve access and use
By paying close attention to the company's assets throughout the company's life cycle , Company owners can improve their technology for acquiring and utilizing assets . A good example is Cisco Systems, It can be implemented PC Asset management to reduce costs . When implementing such a strategy , The company found wasteful purchasing behavior , And solve this problem by developing a better process to buy the equipment needed by workers .

2. Improve compliance
government organs 、 Non profit organizations and companies must provide information on how they obtain 、 Comprehensive report on the utilization and disposal of assets . To simplify the reporting process , Most of them record their asset information in a central database . such , When they need to prepare a report at the end of the financial year , They can easily access all the information they need .

summary

Asset management is just a system , Helps companies track all their assets , E.g. vehicle 、 Equipment and investment . Paying close attention to assets helps simplify operations , Especially in the sale or disposal of assets . The process also minimizes the opportunity to record ghost assets , Because all available assets are well considered .