Idhasoft - Vision Packaged. Delivered

"Fixed Assets" in your business include computers, desks, chairs, phones, laptops, monitors - any other furniture or equipment used by a business. Typically a business takes inventory of their fixed assets once or twice a year, and it's often a tedious process. Bar coding allows the item location to be easily updated if they are moved, and significantly speeds up the time to take an asset inventory. Not being able to find tools and equipment when they are needed costs more than inconvenience. Time spent searching for assets eats into productivity, and hence profitability. Workers lose the equivalent of one full 40-hour workweek per year if they spend only 10 minutes a day searching for and gathering needed items. The inability to track equipment location, usage, service, and maintenance causes companies to lose money on lease and service agreements. Holding too many assets ties up capital, which every business seeks to avoid. To improve competitiveness and profitability, enterprises should manage assets with the same care and innovation they have employed to drive excess inventory and costs out of their operations. A good asset management program will improve return-on-assets (ROA) and other metrics by helping to lower and control the enterprise cost structure. Automatic identification and data collection (AIDC) technologies and techniques that have proven their value in the supply chain are readily adaptable to help optimize asset levels. Bar code and smart label technology can make it simple and convenient to gather and manage asset information in a timely and efficient manner. These technologies can record asset movements automatically, and provide the data in real time to asset management software applications. Computerized systems provide up-to-date, accurate data that enables an organization to manage its assets with information instead of physical inventory. The result is a lower overall asset base, improved asset utilization, increased productivity and more efficient purchasing and maintenance, which all contribute to bottom line improvement. These outcomes provide a sustainable improvement in profitability without burdening employees with excessive controls or reporting responsibilities. The key is to make asset tracking convenient and consistent.