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    Benefits of effective asset management

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    Please describe the benefits of effective asset management?

    © BrainMass Inc. brainmass.com March 4, 2021, 5:55 pm ad1c9bdddf
    https://brainmass.com/business/long-term-assets/benefits-effective-asset-management-18608

    Solution Preview

    Asset Management, when implemented appropriately, helps organizations reduce costs in many ways:
    • Consistent, table-driven data utilized throughout your organization's applications results in lower reconciliation costs and enables business-to-business (B2B) linkages .
    • Eliminating maintenance fees on retired assets reduces maintenance management costs.
    • Control of contracts and vendor software license agreements (SLAs) results in better service and contract compliance .
    • Reduced cost overruns (no over-ordering or under-utilization of assets) and the availability of accurate, detailed information ...

    Solution Summary

    The benefits of effective asset management is examined.

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