Asset management is an important aspect in the manufacturing business. Because the manufacturing business involves various assets ranging from manufacturing machines, computers and software, office equipment, to vehicles.
Handling bad assets can cause problems and losses in the manufacturing business. Therefore, companies need to choose the right asset management so that the production process can run smoothly. If you want to know how to apply the right asset management, you can check the full information below:
Choose a Reliable & Professional Asset Management Team
The first way to implement right asset management is to choose a reliable and professional team. The company definitely needs a special team to be the person in charge who manages and monitors the company's assets.
Therefore, companies need to find qualified and professional human resources in their fields, because if they choose the wrong person it will disrupt the ongoing production process. Make sure you choose a team that is familiar with the asset management system that your company uses.
Know Your Asset Lifespan
The other way to implement asset management is to know the assets’ lifespan. Every company asset such as a vehicle, machine or equipment has a different lifespan. You should know when is the right time to replace the old assets with new ones.
Make sure you replace the old assets before your company's old assets are damaged because if the old assets are damaged, it will certainly disrupt the ongoing production process. Beside understanding your asset lifespan, don't forget when you should pay asset taxes such as vehicles.
Know the Profitability of Each Asset
When you already know the value of the profitability of each asset, you will find it easier to implement asset management. This will help you to know which assets can generate profits and which assets are not very profitable for your business.
For example, you spend quite a lot of investment money and maintenance costs for trucks, but those trucks are not able to operate properly. This shows that the truck is unprofitable or has no profit value for your business.
Inventory Land Selection
To implement right asset management, companies must prepare the right selection of inventory land. Because, it is impossible for all assets to be placed in the same location as the production machine because it will disrupt the production process. The selection of land inventory for company assets is not easy because it must be located at a strategic location, close to various transportation lines and close to manufacturing companies.
Well, those are 4 ways to implement asset management. If you want to use asset management correctly, you should look for strategic industrial location for your warehouse.
One of the industrial areas that have a strategic location is Karawang New Industry City (KNIC). Located close to the capital city of Jakarta and has plenty of transportation access, make KNIC a suitable area for building and renting warehouses.
In addition, KNIC has 6 national infrastructure access such as Jakarta-Cikampek toll road, Jabodetabek LRT, Trans Java lines, Jakarta-Bandung Railway, Kertajati International Airport, and Patimban port. KNIC is also supported by facilities such as premium electricity, natural gas, and fast internet connections to support the performance of manufacturing companies