(CAMS) CRESTPOINT ASSET MANAGEMENT SYSTEM
Asset inventory is the way an organization lists and provides details of the assets it owns. This can cover a range of different types of assets, from tangible fixed assets such as property and equipment, intangible assets such as intellectual property.
Dealing with the asset inventory of an organization is often time-consuming and labor intensive. Yet, every organization needs some form of asset inventory management. This is universal but perhaps more acute with healthcare providers
Before you can manage your assets, you need to know what you have, what condition it is in, and how much longer
you expect it to last. Implementing a robust way of managing your asset inventory is a critical part of your organization’s accounting processes. It also helps to ensure that the organization has a clear understanding of the assets it owns and that said assets are being utilized in the most efficient and cost-effective way.
Did you know?
Managing inventory of medicines, bandages and other supplies is a critical administrative function for healthcare organizations. In a recent survey, nearly 60 percent of healthcare providers, both public and private, who responded to the survey, said they struggled with expired medications. Roughly 50 percent also said that hoarding of supplies was an issue.
Demonstrate effective and efficient use of investment and financial resources
Increase your knowledge of your system, which will allow you to make better financial decisions
Reduce system “down-time” and the number of emergency repairs due to proper planning of your assets
Prioritize assets rehabilitation and replacement needs and providing time to research cost-effective alternatives
Devise an airtight
policies and procedures
manual that’s made for your organizations fixed assets
Develop an inventory support system
that’s made for your situation
Develop a storage plan that pairs well to your specific warehouse
Develop a smart and consistent auditing
plan for the least expected scenarios
Find ways to automate your asset inventory
Facilitate automated maintenance scheduling for all assets