Description: Fixed asset management refers to the process of managing and optimizing a company’s tangible resources, such as machinery, buildings, vehicles, and technological equipment, with the aim of maximizing their value and performance throughout their lifecycle. This process involves planning, acquisition, maintenance, and disposal of these assets, ensuring they are used efficiently and effectively. In the context of financial management and cost optimization, fixed asset management becomes crucial as it allows organizations to assess the total cost of ownership (TCO) of their assets and make informed decisions about investments and expenditures. Proper management of these assets not only helps reduce operational costs but also enhances visibility and control over resources, facilitating alignment with the financial and strategic goals of the company. Furthermore, in an increasingly digitalized business environment, integrating fixed asset management tools with digital platforms enables real-time tracking and better resource planning, resulting in greater agility and responsiveness to market changes.
