It goes without saying that all educational establishments – and certainly schools – have records that they need to manage and maintain, including in relation to their inventory and fixed assets. Accordingly, an up-to-date asset management approach is essential if a school is to ensure important assets are always available to teachers, students and other members of staff.

Find out what RFID technology is and how has it become so essential in the management of physical assets in your business.

The importance of asset auditing to an organisation cannot be underestimated. It is a crucial process for ensuring the highest standards of accuracy and compliance in the management of a company’s valuable equipment or machinery, helping to bring about more streamlined work processes and more informed decisions.

It might seem strange in some ways that in a world in which we have smartphones and tablets – essentially ‘mini-computers’ – in our hands, so many businesses and organisations are still managing their maintenance processes manually, such as with paper and spreadsheet-based systems.

Any organisation that wishes to maximise its results – on a day-to-day basis, as well as in the longer term – simply must take seriously the strategic management of its assets.

As is the case for any other premises where there is a need for both the buildings and the associated equipment to be carefully maintained over time, it is crucial that effective arrangements are put in place for the management and maintenance of educational facilities, such as schools.

For many people, the term ghost assets comes with a sense of bewilderment. Indeed, past research has suggested that about half of small business owners or managers may actually be unaware of what is a ghost asset.

It wouldn’t be a surprise to you if we were to suggest that the equipment your organisation uses will always play an integral role in its success. It is therefore important to responsibly manage and maintain your physical assets or equipment – and in order to do that, you will need to have a means of tracking them.

Your organisation’s fixed assets – whether they take the form of buildings, furniture, computers, vehicles, or all manner of other items