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Financial Accounting : Effective Asset Management

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What are the benefits of effective asset management?

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Solution Summary

The benefits of effective asset management are discussed in detail.

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The benefits of effective asset management are virtually endless, but the main ones are listed below:

Hardware and Software is expensive, effective management of these assets will save your organisation substantial purchasing costs by enabling you to avoid unnecessary purchases, and negotiate better discounts with your suppliers

Asset management can tell you what is where, enabling you to allocate your resources effectively and to ...

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