An effective asset management system allows a company to manage all assets within their portfolio to create a more efficient operation. Here’s how it works.
Asset Management vs. Maintenance Management
What is the difference?
Although they are both technically different, asset management and maintenance management are often integrated together and complement each other.
Asset management is the culmination of activities and practices that track the performance of an organization's assets and using that information to improve operation.
Maintenance management deals more with the physical performance and maintenance of equipment and ensures your company's equipment remains in exceptional working order, which minimizes downtime and unexpected repairs.