Fixed assets are a company’s largest capital investment and have a useful lifespan of five to ten years. A robust fixed asset lifecycle management routine focuses on optimizing useful life while minimizing downtime costs. This strategy is called fixed asset management and includes all aspects related to a business’s critical assets.
Give your business an efficiency boost by always staying on top of important events and alerts. Whether it’s a low inventory stock warning or a piece of equipment that is due for regular maintenance, the relevant people within the organization should be alerted on time. Businesses should automate notifications and alerts so teams can remain updated at all times.
The nonprofit sector contributed approximately $1.04 trillion to the United States economy in 2016 and currently composes 5.6% of the country’s GDP. Based on these facts, the nonprofit sector has tremendous potential for growth in the coming years.
Role based access is a security mechanism used by organizations to restrict system access for users. In order to streamline workflows, employees are grouped into roles according to their designation and granted access permissions. This is especially common in large organizations with hundreds of employees where there is a higher chance of leaking sensitive information.
The volatile economic situation in 2020 severely impacted businesses worldwide. According to a Yelp report, 60% of business closures due to the COVID-19 pandemic are permanent While 2020 was a challenging year, businesses also rose to the challenge by adapting to the changing environment. The new year brings new opportunities for business survival through adapting and innovating.
The end of the year is here and for a lot of businesses that can mean a shutdown for the Holidays. If your organization is going to shut down for a period of time over the Holidays, make sure to put a facilities maintenance plan in place to ensure the safety of your premises and equipment. This way you can avoid any mishaps during shutdown as well as unexpected downtimes when you get back.
Give your business an efficiency boost by incorporating asset labels designed according to your business needs. Custom asset labels make it easier to track multiple types of items owned by the business. These can include small tools to bigger machinery. Regardless of the size of items, every business can benefit from a streamlined management strategy.