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1.0 Introduction

Fixed asset management is the process of tracking & maintaining for physical assets and equipment. Assets can be any type like Laptops, Computers, data card and Machinery etc.

System can minimize lost inventory, equipment failure and improve the life time of asset.

It is application tool used for recording & tracking an asset throughout its life cycle, from procurement to its disposal.

1.1 Basic Business Need

Asset Management system needed for business to monitor & manage the assets using a systemized approach. The system will be implemented for Head Office, Noida & Pune Factory.

Using an asset management system, organization can:

• Track and monitor fixed assets
• Tracking equipment and machinery in different locations
• Lower maintenance cost
• Improve and transparency operational efficiency
• Maintain a record of new, old & expired & lost assets

Asset Management helps you track, protect, and value your company's assets. You can use serial numbered asset tags to manage fixed assets. Asset tags are labels with bar codes that contain information about each asset. You can keep track of your assets by using a mobile bar code reader.

Tracking assets as soon as possible after an asset is acquired by the company. Starting at day one, add the new asset to the tracking system before it is used and determine who is responsible for each asset.

Transfer and disposal reports list assets that have been disposed of and any related gains or losses. These reports also track the origin and destination of transferred assets.