RedBeam Articles
Equipment Inventory: The Ultimate Guide to Managing Assets
Oct 24, 2024 · 6 minute read
Losing track of a crucial piece of equipment just when you need it most can be downright frustrating. From construction sites to healthcare wards, the chaos of missing tools and broken-down machinery ...
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Facility Asset Management: Key Elements & Benefits Guide
Oct 24, 2024 · 6 minute read
Managing your facility’s assets might not sound thrilling, but it’s crucial for keeping everything running smoothly and cost-effectively.
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Annual Inventory Counts & Audits: How to Perform Effectively
Oct 24, 2024 · 5 minute read
Inventory counts must be every construction worker's dreaded annual ordeal. They are, after all, a beast of a task filled with endless scanning, double-checking, and the nagging fear of missing ...
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Construction Inventory Management: A Step-by-Step Guide
Oct 24, 2024 · 5 minute read
Managing inventory in one or multiple construction sites might seem like a lot of work, but it's one of those things that can make or break a project.
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Current vs. Fixed Assets: Key Differences & Practical Examples
Sep 22, 2024 · 7 minute read
Understanding the distinction between current and fixed assets is crucial for effective financial management and reporting. This blog will discuss fixed assets vs. current assets, their defining ...
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Equipment Maintenance Log: Best Practices & Benefits
Sep 22, 2024 · 5 minute read
Maintaining reliable and efficient records for all equipment is crucial for any organization. An often overlooked yet essential tool for achieving this is an equipment maintenance log. By ...
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Equipment Maintenance: Importance, Definition, & Examples
Jul 30, 2024 · 6 minute read
Equipment maintenance is a critical aspect of any operation, encompassing a range of activities designed to keep machinery and tools in optimal condition. By understanding its importance and ...
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What Is Asset Disposition? Everything You Need to Know
Jul 30, 2024 · 7 minute read
Are you throwing money away when you sell or recycle used IT equipment, machinery, and other business assets? Many businesses don't take advantage of asset disposition tax benefits that potentially ...
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What Is an Asset Management Strategy? The Complete Guide
Jul 30, 2024 · 8 minute read
Managing high-value assets effectively is crucial for any organization striving for operational excellence and financial efficiency. An asset management strategy can help you streamline processes, ...
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Preventive Maintenance Checklist: Key Tasks for Upkeep
Jun 26, 2024 · 11 minute read
Keeping equipment and assets in optimal condition requires a proactive approach. A well-structured preventive maintenance checklist is essential for ensuring that all necessary tasks are performed ...
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Asset Management Plan: What It Is & How to Build One
Jun 26, 2024 · 6 minute read
Struggling with disorganized assets, unexpected downtime, and inefficient resource allocation can significantly hinder your organization's performance. These issues often stem from a lack of a ...
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What Is Asset Control? Definition, Importance, and Best Practices
Jun 11, 2024 · 6 minute read
Maintaining control over your organization's assets is paramount in today's dynamic business environment. Mismanagement can lead to inefficiencies, increased costs, and security risks.
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What Are Assets? Types, Characteristics, and Examples
Jun 3, 2024 · 4 minute read
Assets form a foundation for effective accounting and financial planning for both individuals and businesses. For organizations, understanding and managing assets plays a critical role in staying ...
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Equipment Management Explained: Benefits, Strategies & Uses
Jun 3, 2024 · 7 minute read
Equipment is the backbone of most organizations. It keeps the wheels turning to get the job done. But just like a car needs regular tune-ups to run smoothly, your equipment needs proper management to ...
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Fixed Asset Depreciation: Here's What You Need to Know
May 30, 2024 · 10 minute read
Understanding fixed asset depreciation is crucial for any business aiming to optimize financial performance and maintain compliance with accounting standards. In this blog, we’ll demystify the ...
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What Is Enterprise Asset Management (EAM)? A Quick Guide
May 10, 2024 · 9 minute read
Ever feel like your business is running on fumes because equipment keeps breaking down? Or maybe you're struggling to keep track of maintenance schedules and inventory for all your physical assets.
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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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Dec 28, 2023 · 7 minute read
Ensuring compliance in asset management can be a daunting task, with challenges like maintaining accurate records, navigating evolving regulations, and mitigating risks. Without a structured ...
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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 · 6 minute read
Are your assets secure from theft and fraud? Globally, organizations lose 5% of their annual revenue to fraud, with the average incident costing $1,662,000, and 22% of cases costing over $1 million. ...
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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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RFID Tag Cost: What You'll Spend from Tags to Full Setup
Dec 18, 2023 · 7 minute read
The verdict is clear: radio frequency identification (RFID) is a wise investment for smarter asset management. What’s less obvious, however, is the average RFID cost.
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IT Asset Management: The Complete Guide for 2025
Dec 15, 2023 · 7 minute read
With IT at the heart of today's business operations, poor IT asset management (ITAM) can undermine your efficiency and cost your organization big bucks. A recent report uncovered that 36% of spending ...
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RFID Tool Tracking: Use Cases and How to Implement
Dec 11, 2023 · 9 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.
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Asset Utilization: Definition, Calculation, and Importance
Dec 6, 2023 · 7 minute read
Are you getting the most out of your asset investment? Measuring asset utilization can tell you whether your machines, equipment, and other assets are performing profitably and whether you need to ...
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Understanding Equipment Lifecycle Management: 9 Key Stages
Nov 29, 2023 · 6 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
How much can poor asset optimization practices cost your business? To take an extreme example, during the first two months of the COVID pandemic, as the workforce shifted to remote work, US ...
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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 · 8 minute read
If you're one of the 64% of companies increasing IT spending this year, how can you ensure you're getting a return on your technology investment? Technology lifecycle management (TLM) helps you ...
Read More about A Guide to Technology Lifecycle ManagementWhat is Physical Asset Management? Types & Key Strategies
Sep 27, 2023 · 7 minute read
Are you struggling with keeping track of your organization's physical assets? Do inefficiencies and maintenance issues frequently disrupt your operations? If so, you're not alone. Many organizations ...
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Equipment Asset Management: Definition, Benefits & Software
Sep 13, 2023 · 6 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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What Is Asset Lifecycle Management? Best Practices & Stages
Aug 23, 2023 · 7 minute read
Are you getting the most out of your assets throughout their lifespan? Applying asset lifecycle management (ALM) strategies can increase your assets' productivity and lifespan while cutting costs ...
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Hardware Asset Management Explained: Stages, Benefits & More
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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What Is an Asset Audit? Definition, Benefits, and Process
Nov 23, 2022 · 5 minute read
Are you struggling with outdated asset records, compliance issues, or the inefficiencies of manual tracking methods? These challenges can lead to significant financial losses and operational ...
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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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Asset Management for Small Business: Strategies & Benefits
Oct 27, 2022 · 6 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. Your business might have some ...
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