{"id":2134,"date":"2018-02-17T15:05:22","date_gmt":"2018-02-17T09:35:22","guid":{"rendered":"http:\/\/www.techjockey.com\/blog\/?p=2134"},"modified":"2025-12-31T13:26:40","modified_gmt":"2025-12-31T07:56:40","slug":"asset-management-system-tricks","status":"publish","type":"post","link":"https:\/\/www.techjockey.com\/blog\/asset-management-system-tricks","title":{"rendered":"Asset Management Trick #101: Never Put Cookies in the Pickle Rack"},"content":{"rendered":"\n<p>Remember when you were a kid and sneaked into the kitchen to steal some cookies from the rack? How you would forget to keep the jar back in the proper place. This might have followed with a rant from your mother, yelling how you kept the cookie jar in the pickle rack. You might not have realized at that stage how problematic that simple inventory mismatch was for your mother.<\/p>\n\n\n\n<p>Your one small mistake interrupted the asset management strategy of your mother, which she used to remember where each item in the kitchen was. This strategy would consequently save her a lot of time and effort.<\/p>\n\n\n\n<p>Similarly, every company has its own cookies and pickles in the form of assets, both physical and digital. An asset implies any tangible (such as computers, furniture, etc.) or intangible asset (such as human capital, financial assets, etc.).<\/p>\n\n\n\n<p>For an organization of any scale, there are multiple assets to look after, each requiring crucial scrutiny and management. Managing any number of assets can be a herculean task since the slightest mishap could lead to a \u2018cookies in the pickle rack\u2019 kind of situation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-when-do-cookies-end-up-in-the-pickle-rack\"><span class=\"ez-toc-section\" id=\"when_do_cookies_end_up_in_the_pickle_rack\"><\/span>When Do Cookies End Up in the Pickle Rack?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>IT pros are facing several challenges related to hardware and software management, such as the lack of adequate asset inventory, procurement predicament and budgetary blindness. Also, organizations lacking proper asset management tech tools, fail in tracking expiry data and other changes in asset equipment.<\/p>\n\n\n\n<p>If a piece of hardware\/software reaches its license expiry date and the asset team isn\u2019t aware of this, one can imagine the chaos that would follow.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/cdn.techjockey.com\/blog\/wp-content\/uploads\/2018\/02\/maco.jpg\" alt=\"asset management\" class=\"wp-image-2135\" style=\"width:614px;height:284px\" width=\"614\" height=\"284\" srcset=\"https:\/\/cdn.techjockey.com\/blog\/wp-content\/uploads\/2018\/02\/maco.jpg 819w, https:\/\/cdn.techjockey.com\/blog\/wp-content\/uploads\/2018\/02\/maco-300x139.jpg 300w, https:\/\/cdn.techjockey.com\/blog\/wp-content\/uploads\/2018\/02\/maco-768x355.jpg 768w\" sizes=\"(max-width: 614px) 100vw, 614px\" \/><\/figure><\/div>\n\n\n<p>Eventually, IT admins have to lose their valuable time in manually creating a stock of assets and discovering errors, if any. And, as the user base grows, it becomes physically impossible to track every asset individually.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"its_time_to_put_it_back_where_it_belongs\"><\/span>It\u2019s Time to Put It Back Where It Belongs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If your organization is having these issues, it\u2019s time to right your wrongs with good asset management software. Users across different business functions require a good grip on the way assets are functioning to get maximum utilization.<\/p>\n\n\n\n<p>A good <a class=\"wpil_keyword_link\" href=\"https:\/\/www.techjockey.com\/category\/it-asset-management-software\" title=\"asset management system\" data-wpil-keyword-link=\"linked\" data-wpil-monitor-id=\"820\">asset management system<\/a> can help businesses in handling inventory. It does so by giving them the ability to track, manage, and handle the lifecycle of an asset. This, in turn, frees up an asset management team to perform a comprehensive analysis of performing and non-performing assets. Asset management also allows an IT team to keep track of license expiration dates of hardware and software employed within an organization.<\/p>\n\n\n\n<p>Asset management software comes in various specific types like <a href=\"https:\/\/www.techjockey.com\/blog\/best-it-asset-management-software-2022\">IT Asset Management<\/a>, <a href=\"https:\/\/www.techjockey.com\/blog\/best-digital-asset-management-software-2\">Digital Asset Management<\/a>, <a href=\"https:\/\/www.techjockey.com\/category\/fixed-asset-management-software\">Fixed Asset Management System<\/a>, Software Assets Management, Enterprise Asset Management, etc.<\/p>\n\n\n\n<p>A recommended Asset Management Software is <a href=\"https:\/\/www.techjockey.com\/detail\/maco-fixed-asset-management\"><strong>Maco Infotech\u2019s Asset Management System<\/strong><\/a>. It is a user-friendly, cloud-based asset management system that can handle complex asset depreciation calculation under the Income Tax Act and Companies Act for organizations of any scale.<\/p>\n\n\n\n<p>Some of its key features include asset handling across multiple categories and locations, barcode integration, depreciation calculation through the Straight Line Method (SLM) and Written Down Value Method (WDV), depreciation calculation for a specific period of time (daily, monthly annually), asset appreciation, projection and sale, etc.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>With the help of asset management software, any organization can successfully get its house in order. Because when your house is in order, your business outside runs a lot smoother. As Dottie Peoples once sang,<\/p>\n\n\n\n<p><span style=\"color: #333333;\"><em>\u2018Get your house in order<\/em><\/span><br><span style=\"color: #333333;\"><em>Oh do it today<\/em><\/span><br><span style=\"color: #333333;\"><em>Get your house in order<\/em><\/span><br><span style=\"color: #333333;\"><em>Oh do it right away\u2019<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Remember when you were a kid and sneaked into the kitchen to steal some cookies from the rack? How you would forget to keep the jar back in the proper place. This might have followed with a rant from your mother, yelling how you kept the cookie jar in the pickle rack. You might not [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":33879,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7559],"tags":[904,877,875,438,903,876],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v22.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Asset management system for improved maintenance effectiveness<\/title>\n<meta name=\"description\" content=\"Asset management system to streamline your asset maintenance efforts, and make decisions based on real-time predictive intelligence\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.techjockey.com\/blog\/wp-json\/wp\/v2\/posts\/2134\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" 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