When companies are in their initial stages, asset tracking or management is not that backbreaking job. Sometimes, employees are enough to handle them manually. However, over the time, when procurement, production, sales and other quantifying data gets multiplied with growing scale of the business, a basic asset management system or manual look-after is not enough. It can result in a sluggish process of production and fatal errors in accounting. While ERP software tools come with asset management modules, most enterprises feel it is too earlier for installing a software to deal with asset management. They fail to realise that an enterprise asset management module integrated into an ERP is a technology-empowered system for organising and tracking assets across the different departments or levels in the production cycle.
Here is the brief explanation of why asset management is a must-have aspect of an ERP software.
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