Physical Asset Management

As the name implies, physical asset management focuses on the effective management of tangible assets of an organization.

Often organizations will either completely or partially staff or augment in-house departments responsible for managing their physical assets. Our professional management team can help track, analyze and define a policy to maintain them, as well as exploit their value.

For any organization to effectively manage their physical assets, they first need to know what assets possessed by the company. This first step usually involves identifying, cataloging and entering the assets into software designed to store and search the meta-data describing the asset.

Often critical business decisions rely on the assets an organization possesses. Managing those assets allows for organizational efficiencies. Further, organizations save money by avoiding procurement duplication.

Tracking physical assets has benefits, which extend beyond preventing duplication. Research shows that organizations also realize a reduction in the incidence of theft and mistakes made by procurement.

Physical asset management can also assist in tax and business decisions. In fact, proper physical asset management results in saving thousands, even millions of tax dollars.

More important than any other benefit, is that there is a clear understanding of what resources exist, allowing for the utilization of these resources when the need arises.

In any organization, timing is very important, and not using an asset because people don't even know that they have it can result in substantial expense or losses.

There are countless asset management software systems available on the market. LAC Group’s Consulting & Project Management team can help you select, implement, populate and exploit the value from the system which will serve your organizational needs. The right system will ensure that all asset data is centrally located and accessible. Whether you provide access through your intranet, or limit access to only a few information professionals, getting the right solution in place can afford tremendous gains.

Digital Asset Management

Digitization of assets is quickly becoming one of the most recognized forms of organizational efficiency. Digitized material require less physical space, can be moved faster, more easily shared, eliminates or reduces time spent in maintaining physical items and offers a viable solution to preserving fragile, rare and valuable items.  In some situations digitized materials may offer opportunities to monetize assets, creating revenue.

Our specialists are experts in digital asset management (DAM) with a full understanding of the tasks and decisions required to organize, catalog, store, retrieve and distribute objects and materials

Successful DAM requires a strategy that works best within the context of your organization’s culture and mission.

LAC Group can help you select the right system and implement a viable plan to manage every required task and benchmark.

Now that you have digital assets…

Monetize, use, share, stream and reduce space.  Remember that the most important part of DAM is management.  Properly managing your digital assets means that they are accessible, available and attainable.  

Save

Saving time, saving money, saving space…all mean bottom line returns, but one of the most important aspects of digitization is saving the asset.  Physical media continues to deteriorate over time.