December 13, 2024
What is Fixed Asset Management and Why is It Important for Businesses
Fixed Asset Management (FAM) is a crucial process for businesses that involves systematically managing the entire lifecycle of their physical assets, from acquisition to disposal. These assets, which include machinery, equipment, vehicles, and buildings, are critical to the day-to-day functioning of most businesses. Managing them effectively ensures their optimal utilization, helps with compliance, and plays…
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