RedBeam Articles
What Is Fixed Asset Management? Overview & Best Practices
Mar 25, 2024 · 6 minute read
Whether you're running a small business or a multinational corporation, fixed assets are a fundamental part of your operations. From buildings and machinery to software and office equipment, the ...
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How to Build an Asset Management Policy
Jan 3, 2024 · 5 minute read
You’ve worked hard to instill asset management best practices into your business. But what happens when you’re not around or someone else needs to dispose of an asset? If you don’t know, then you ...
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A Short Guide to Asset Management Compliance
Dec 28, 2023 · 4 minute read
Complying with asset management regulations is easier said than done. With so many moving parts, things can slip through the tracks. Even the smallest mistakes and oversights can lead to a failed ...
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Active vs. Passive RFID: Which Is Right for Your Use Case?
Dec 27, 2023 · 4 minute read
Radio Frequency Identification (RFID) tags can be a lifesaver when managing your company’s assets, but if you’re not an expert, it can be confusing to pick the right type of RFID tag for your ...
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3 Types of Internal Controls (To Safeguard Your Assets)
Dec 22, 2023 · 5 minute read
Imagine you woke up one day to discover your assets were missing.
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Hardware Procurement 2024: Key Strategies
Dec 20, 2023 · 5 minute read
In a business world where digital transformation is the new norm, most companies invest thousands (or millions) into IT hardware every year. Even though they spend a lot, many companies don’t have a ...
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Why RFID Tags May Be Cheaper Than You Think
Dec 18, 2023 · 4 minute read
Every business wants to get complete clarity over its assets. But it’s not always easy to know which asset tracking solution to use: barcodes or RFID tags.
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IT Asset Management: Best Practices for 2024
Dec 15, 2023 · 5 minute read
IT asset management (ITAM) is the process at the heart of 21st-century businesses that many attempt but few truly master. This intricate process of tracking, analyzing, and optimizing technological ...
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Physical Asset Management (Definition and Best Practices)
Dec 13, 2023 · 5 minute read
How competitive is your business? In the modern marketplace, there’s more pressure for companies to remain competitive, and one of the best ways is to get the most out of the resources on hand. One ...
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Government Asset Management Software Explained
Dec 12, 2023 · 5 minute read
When you work in a government agency, you care about improving the level of service you provide to the community and protecting tax dollars.
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How to Build an RFID Tool Tracking System
Dec 11, 2023 · 5 minute read
If you want to keep a record of the location and condition of your tools, an RFID tool tracking system is an excellent solution and a common asset tracking application. While transitioning from a ...
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How to Calculate and Improve Asset Utilization
Dec 6, 2023 · 5 minute read
Your assets are expensive. So it’s no surprise you want the greatest possible return on them. But how do you guarantee that?You could underutilize assets, extending their life and lowering ...
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From Acquisition to Retirement: Understanding the Equipment Lifecycle
Nov 29, 2023 · 4 minute read
In pursuing innovation, businesses often find themselves trapped in a paradox. They invest in cutting-edge equipment, only to see it become outdated. This paradox raises a crucial question. Can you ...
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7 Asset Optimization Best Practices (Quick-Start Guide)
Nov 22, 2023 · 6 minute read
Losing track of expensive equipment can be a company’s worst nightmare. Improperly managed assets can be a headache for management and lead to significant losses. Keeping valuable assets in storage ...
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The Dos and Don’ts of IT Asset Management: Best Practices for Efficiency and Savings
Nov 8, 2023 · 4 minute read
Picture an organization with scattered IT assets and no centralized tracking system. They overspend, miss critical updates, and face security risks. Poor IT asset management (ITAM) causes wasted ...
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A Guide to Technology Lifecycle Management
Oct 25, 2023 · 6 minute read
You're constantly looking for ways to innovate and grow your business using technology, and you're not alone. Technology is advancing rapidly, and innovative organizations are hopping on the moving ...
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Best Practices for IT Lifecycle Management
Oct 18, 2023 · 5 minute read
Information technology, or IT, is central to 21st-century business practices. While previously IT was a mere addition to corporate processes, it is now one of the primary vehicles driving modern ...
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Nonprofit Asset Management Software Overview
Oct 18, 2023 · 5 minute read
Do you know where every fixed asset in your organization is right now? Do you know what is in which location, which volunteer has brought what home, and when the asset is coming back?
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Oct 11, 2023 · 5 minute read
Keeping track of physical assets can be a challenging task. Enter asset monitoring — a powerful solution that leverages technology to provide real-time visibility, condition assessment, and insights ...
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Inventory Asset Management: Asset and Inventory Management Compared
Oct 4, 2023 · 6 minute read
If you’re struggling to minimize inventory carrying costs or don’t have full control over your most important assets, you need a new approach to inventory and asset management.
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9 Business Benefits of Equipment Asset Management
Sep 13, 2023 · 5 minute read
Every tool, piece of equipment, or item your business purchases is an investment. You buy equipment because of the returns it provides. Equipment asset management is also an investment — one that ...
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Cloud Asset Management: What It Is and Why You Should Care
Aug 30, 2023 · 5 minute read
In an age where "it's in the cloud" is as commonplace as the air we breathe, it's evident that asset management has undergone a radical transformation. The days of pens, paper, and ledgers — or even ...
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Asset Lifecycle Management: Stages & Practices
Aug 23, 2023 · 7 minute read
Your assets won’t live forever. They’ll serve their purpose, but they’ll eventually need to be replaced.
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How to Build a Hardware Asset Management Process
Aug 16, 2023 · 5 minute read
Technology has become the backbone of the modern office. Whether it's servers, end-user devices like laptops, or networking devices, your hardware assets are fundamental to business operations.
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7 Best Asset Management Tools of 2023
May 8, 2023 · 6 minute read
In the modern business world, organization and process optimization have become a competitive advantage. And asset management is increasingly vital in ensuring success. Whether you're a small ...
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Fixed Asset Management 101: Best Practices for Success
May 5, 2023 · 5 minute read
The success of your organization depends on the people who make up that team. But to keep up with day-to-day operations, those people depend on a variety of assets like vehicles, computers, ...
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The 5 Most Common Mistakes Made During Asset Audits
Dec 6, 2022 · 3 minute read
Each year, fixed asset audits are conducted in countless organizations across various industries. These audits may not be much fun, but many companies are legally required to perform them. They ...
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7 Step Fixed Asset Audit Checklist
Nov 23, 2022 · 6 minute read
Can you account for the location, condition, and maintenance status of every one of the fixed assets your company owns?
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Asset Management Challenges in Construction
Nov 21, 2022 · 2 minute read
The construction industry has faced and continues to face tremendous challenges. While these challenges can come from various causes, they all have in common: they can be lessened by using ...
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4 Benefits of Fixed Asset Management Software
Nov 11, 2022 · 2 minute read
Fixed asset management software gives you an edge over your competitors in managing business assets and equipment. Today, we’re going to explore what this software is and the four main benefits you ...
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The Importance of Asset Management for Small Businesses
Oct 27, 2022 · 1 minute read
As a small business owner, you know asset management is important, but you may not have the time or resources to invest in a full-fledged asset management system. Small businesses might have some ...
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How to Get Started with RedBeam Asset Tracking Software
Oct 5, 2022 · 3 minute read
It should come as no surprise that organizing your business's equipment well can lead to huge benefits and even help overcome some of the challenges we’ve discussed in our previous blogs. In fact, ...
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5 Ideas for Preventative Maintenance Using Asset Tracking Software
Sep 21, 2022 · 3 minute read
Maintenance is essential to the proper function of any machine on the job site. By performing regular preventative maintenance, you can avoid the inconvenience and expense of a sudden breakdown. ...
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The Ultimate Guide to Fixed Assets
Aug 31, 2022 · 4 minute read
When it comes to company acquisitions, few are as costly - or as important - as fixed assets. These tangible items, which can include anything from land and buildings to machinery and vehicles, play ...
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3 Signs Your Government Agency Needs An Asset Management System
Jul 6, 2022 · 2 minute read
There are many things that affect your state or local government organizations, and one of them is the time and cost required to manage assets. With so many processes and procedures to manage, it's ...
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How to Use Asset Scanning for Asset Inventory Management
Jun 15, 2022 · 5 minute read
Businesses of all sizes struggle with staying organized and managing their assets. As a business owner or employee, have you ever lost something valuable that you needed and couldn't find it? Have ...
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Asset Management ROI: How to Calculate Your Return on Investment
Jan 20, 2022 · 3 minute read
You may have a gut feeling that an asset tracking system could make your job easier and improve your organization's bottom line. But with limited resources and so many options available, it’s ...
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