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Increasingly
today,
companies that acquire significant amounts of equipment are
focusing on asset management strategies to improve capital
productivity. Strategies
and programs for efficient asset management, such as those
employed by the leasing industry, can be adopted by businesses,
especially mid-sized to larger companies looking for equipment
management solutions.
Asset
management is a term used since the 1980’s that describes a
critical function within leasing companies today.
The ability to plan, acquire, manage, and recycle assets in
a systematic manner is part of any fundamental program.
Each stage has a significant impact on portfolio return and
profitability. The
asset management function can be employed throughout an asset’s
entire life cycle. Asset
Management is concerned with the delivery of equipment, its
installation, use, maintenance, and finally de-installation and
disposition.
Most
companies do not employ a formal asset management program, which
means they are not getting the most from their equipment.
However, lessors have noted a growing trend among senior
managers of companies that acquire large amounts of equipment to
search for methods that reduce the need for additional capital, as
well as improve productivity from ...
...Continued
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