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HomeHomework Helpbusiness-managementAsset Administration

Asset Administration

The management and oversight of assets, including real estate, investments, and other properties, to ensure their maintenance, utilization, and disposal in accordance with the owner's interests and objectives

intermediate
3 hours
Business Management
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Overview

Asset administration is a critical function in any organization, focusing on the effective management of both physical and digital assets. By understanding the different types of assets and implementing strategies for tracking, lifecycle management, and risk mitigation, businesses can optimize their...

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Key Terms

Asset
Any resource owned by a business that has economic value.

Example: Buildings, machinery, and software are all examples of assets.

Asset Tracking
The process of monitoring the location and status of assets.

Example: Using barcodes to track inventory in a warehouse.

Lifecycle Management
Managing an asset from its acquisition to its disposal.

Example: Regular maintenance of equipment to extend its useful life.

Risk Management
The identification, assessment, and prioritization of risks.

Example: Evaluating potential risks of asset loss due to theft.

Compliance
Adhering to laws, regulations, and guidelines relevant to asset management.

Example: Following environmental regulations when disposing of old equipment.

Inventory Management
The supervision of non-capitalized assets and stock items.

Example: Keeping track of raw materials in a manufacturing plant.

Related Topics

Inventory Management
Focuses on overseeing and controlling the ordering, storage, and use of components.
intermediate
Financial Asset Management
Involves managing investments and financial assets to maximize returns.
advanced
Risk Assessment
The process of identifying and analyzing potential issues that could negatively impact key business initiatives.
intermediate

Key Concepts

Asset TrackingLifecycle ManagementRisk ManagementCompliance