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Organisations of all sectors and sizes face a wide range of risks if they do not regularly review their management systems. Failing to have a system in place whereby policies, procedures and security systems at your business are routinely scrutinised is likely to heighten the chances of infrastructure and security vulnerabilities. It could also imperil the standard of services your company provides.
As we know, in the early morning hours of 14th June 2017, a fire broke out in the 24-storey Grenfell Tower residential block in West London. The blaze killed 72 people, making it the worst residential fire in the UK since the Blitz during the Second World War. Seven years later, on 4th September 2024, the Grenfell Tower Inquiry published its final report into the disaster.
The Building Safety Bill, which at the time of writing is passing through the House of Commons, is far from just another piece of building safety legislation. It has been described by UK Government officials as helping to bring about the “biggest changes to building safety for nearly 40 years.”
At a time such as this, when many longstanding restrictions to control the spread of the coronavirus are being loosened and workers are returning to commercial premises, it is important for those responsible for properties and property maintenance that may have long been left empty to adopt sensible measures.
Any organisation that is subject to rules, regulations and policy standards – whether internally or externally – must be aware of and comply with them. The situation is no different with regard to how the given organisation manages its assets.
For many organisations, taking the time to carefully manage their office inventory and asset management may be far from their uppermost priority right up until the moment it becomes clear that poor management of their fixed assets is damaging their bottom line.
As a business owner, it is vitally important that you stay organised and know what assets you own, where they are located, and who is responsible for their maintenance and upkeep. To manage your assets effectively, you will need to create a fixed assets register. Doing so will save you a lot of time and money.
If it’s time you took control of your organisation’s tracking of its assets, then this article is for you. With the right asset tracking arrangements in place, you can boost day-to-day productivity, cut out waste and allocate resources for an improved return, all of which will enhance your bottom line.
There are few things that could conceivably be more important for many organisations today, than ensuring they have responsible and effective measures in place for the management of their IT infrastructure.
Asset tagging is a means of tracking an organisation’s assets, whether fixed, moveable or both. It’s a key aspect of asset management, and allows for physical assets to be more easily and efficiently monitored.
If you are an employer, landlord or another individual in control of a commercial or residential premises, it is your responsibility – as set out by the Health and Safety at Work Act 1974 – to adopt measures to reduce the risks of legionella exposure on-site.
Today’s business environment, you probably won’t need us to tell you, is more complicated than it has perhaps ever been. New regulations are constantly coming into effect. There are plenty of issues in relation to personnel management, and technological developments of recent years – such as artificial intelligence (AI) and the Internet of Things (IoT) – have also drastically altered the corporate governance landscape.