Jens Lungaard shares 10 tips for creating an RFP for digital asset management systems that will future-proof your organization. Every vendor that sells a digital asset management (DAM) system will ...

IT asset management is the process of accounting for the location and condition of all business assets. The goal is to optimize asset use, so that all asset lifecycles are as long as possible and the ...

RFID stands for “radio frequency identification,” and refers to a technology that uses radio waves to transmit information short distances. An RFID asset tracking system uses a combination of tags ...

IT assets are software, hardware or cloud resources that help businesses run their operations. Managing these assets efficiently is crucial for optimizing productivity, reducing costs and ensuring ...

Key performance indicators (KPIs) are recognized by most industry practitioners as the motivator of an efficient, data driven organization. Rightly so, however KPIs are often developed arbitrarily and ...

Managing assets is one of the most pressing issues facing the electric power delivery industry. Not too long ago, asset managers used simple spreadsheets to keep track of widgets the utility owned.

Most construction firms have multiple ongoing projects simultaneously, each with its own assets, such as machinery and equipment and cash flow. This complexity can make overall management challenging ...

Every person and organization has some familiarity with performance metrics and reporting, yet how to take that experience and apply it to asset management is not straightforward. Looking at industry ...

When the average manager, engineer and maintenance technician hear the words asset management, their typical response is less than positive. Tell them they have to go to an asset management meeting, ...

The ability to deliver high-quality patient care hinges on more than just skilled medical professionals and advanced treatment protocols. Equally important is the efficient management of healthcare ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Ebony Howard is a certified public ...