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Benefits of effective asset management

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Please describe the benefits of effective asset management?

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The benefits of effective asset management is examined.

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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 ...

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