Local government recently discovered how damaging poor asset management can prove when damning reports from the Audit Commission were published earlier this year.  Whether in the public  or private sector,  whether it be computers, vehicles or specialist equipment, precise  knowledge of the assets of any organisation is vital for managers to effectively manage risk, track movement and condition and maintain the legal obligation of accurate accounting.  OCS Retail Support is urging companies to utilise the period before Christmas to invest in the assurance of a systemised asset register and build vital knowledge of their owned assets.

 

 OCS Retail Support has extensive experience and expertise of providing asset register and total asset management solutions to clients including  education establishments, companies in the health and defence sectors, port authorities and major sports venues.  

“The period before Christmas is an excellent opportunity for business managers to get ahead of the game and optimise their asset management through planned, proactive registration and monitoring of high value assets, “ explains Graeme Grove, Operations Director for OCS Retail Support.  “The benefits of asset verification and management are huge; avoiding poor cost control and soaring overheads through missed maintenance schedules and unnecessary replacement; improving security through verified location; accurate management of depreciation; continuous monitoring of asset movement and logged real-time asset `ownership’.”

 

Leaders in this highly specialised field, experienced OCS Retail Support personnel conduct asset inventories, meticulously recording each and every item using hand-held data terminals.  Assets are bar coded for future reference and detailed information on the description, quantity and condition of each item can then be provided to the client as an electronic inventory in spreadsheet format.  Up-to-date valuation of the assets can be recorded for insurance purposes, based on the cost of replacement, or at market-value for balance-sheet accounting, business sales or transfers. 

 

As well as bringing peace of mind through the accuracy and integrity of its asset register service tailored to the specific requirement of each client, the stock and supply chain management specialist can also provide a powerful secure data management tool in a wide range of hardware and software, including electronic tagging, bar-coding, scanners and analysis software capable of interfacing with internal systems.