General

Asset Management Software – Example and Recommendation

Asset management is essential to running any business, large or small. Properly managing assets such as equipment, vehicles, and property can save a company time and money and can even help improve customer satisfaction. With the right software, asset management can be easy and efficient. One of the critical features of good asset management software …

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Preventive Maintenance Software Recommendations

Preventive maintenance application is specialized software used to manage and optimize the maintenance activities of businesses and organizations. This article will discuss the advantages of using preventive maintenance software and recommendations. What is Preventive Maintenance? Preventive maintenance is a type of maintenance that is performed on equipment and facilities to prevent potential problems and failures.  …

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Is inventory a current asset? – Explanation and How to Identify It

Inventory is a complex and often misunderstood concept in accounting and finance. In this article, we will explore the idea of inventory in-depth and answer the question: is inventory a current asset? Is Inventory a Current Asset? At its most basic level, inventory refers to the raw materials, finished goods, and goods-in-progress that a company …

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Asset Maintenance – Definition, Types and How to Manage

What is Asset Maintenance? Asset maintenance is maintaining and repairing physical assets, such as buildings, equipment, and machinery, to keep them in good working condition and extend their useful life.  The type of maintenance is typically performed regularly and may involve various tasks, such as cleaning, lubrication, and replacement of worn or damaged parts. Maintenance …

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