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Blog
March 2, 2018

Pitfalls of Substandard Asset Management

By Gaurav Saran
Uncategorized
Pitfalls of Substandard Asset Management

In today’s modern age, the number of technological assets required to keep a given business on its feet continues to grow every day. Asset management can be a significant hurdle for many businesses, especially small and medium-sized businesses.

As a logistics consulting company, asset management falls squarely within our realm at Reverse Logix. We’ll help you simplify every part of your business process, and can lower your costs in a number of areas. On the flip side, a failure to properly manage your assets can lead to several big issues – here are a few to be aware of.

Bad ROI

Just like any standard investment, whether or not you’re able to track your asset is a huge factor in determining whether you can track your return on investment, or ROI. Poor asset management will mean the data is not available to determine your ROI.

Resource Allocation

Anytime you add new resources to a network, several other assets and people are associated with it. If the sales team is preparing for a client meeting, for instance, they should have a higher priority for computer repairs than, say, the HR team. Another cost of poor asset management is the common inability for companies to properly categorize their assets and create a proper hierarchy.

Insurance Costs

When outdated technology leads to your company failing a regulatory compliance audit, you’re seeing one direct effect of bad asset management: Insurance and compliance costs. There are numerous compliance regulations out there, and if you aren’t in order here, you can be subjected to various penalties and fines.

Remote Inventory Management

It’s vital that you’re able to remotely monitor and manage technology, from Patch updates to security monitoring. Without the proper infrastructure, though, this won’t be possible.

Software Audit

Software licenses come with very strict instructions for their application. If you don’t have asset management in place, it will become almost impossible to track who has which license and how many seats are available. This could leave you open to a software audit, which are commonly performed by many of the major software vendors.

Want to learn more about asset management, or interested in any of our other solutions such as reverse logistics or returns management services? Speak to the pros at Reverse Logix today.

About The Author
A smiling man
Gaurav Saran
Gaurav Saran is a Silicon Valley entrepreneur with a passion for leveraging disruptive and emerging technologies to provide innovative enterprise solutions. As founder and CEO of ReverseLogix, Gaurav brings deep industry expertise and is responsible for driving the overall company direction and product strategy. His ability to combine customer vision with methodical execution and thought leadership has positioned the company as a game changer in its field. Previously, he was with Microsoft for over six years, leading enterprise sales for Fortune 500 companies and driving strategic executive relationships.
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ReverseLogix

The leading SaaS technology for returns management and professional reverse logistics services provider.

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1200 Howard Ave
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Gurgaon, India

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51 Bracken Road,
Sandyford
Dublin, D18 CV48
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Headquarters

1200 Howard Ave
201 Burlingame,
California 94010, USA

Development Center

B4 105-107, Spaze
Techpark, Sohna
Road, Sector 49,
Gurgaon, India

EU Office

51 Bracken Road,
Sandyford
Dublin, D18 CV48
Ireland

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