What is Physical Asset Management

Skilled asset management professionals provide corporations with an in-depth view of the resources invested in the physical assets and the correlation between the cost of use, quality, and risk controls of these assets.

“The life cycle management of physical assets to achieve the stated outputs of the enterprise.”

Given a business or organisational objective, Asset Management is the set of activities associated with:
identifying what assets are needed,
identifying funding requirements,
acquiring assets,
providing logistic and maintenance support systems for assets,
disposing or renewing assets so as to effectively and efficiently meet the desired objective.

From this definition we see that asset management encompasses a broader and quite
different set of activities from “maintenance”, which is primarily concerned with keeping existing equipment in operating condition.

Why do we need Asset Management

The asset management function is needed to provide asset knowledge and the capacity for related management and decision support activities within the context of our business. In the area of capital planning and budgeting, or CAPEX, this involves:
Asset (and associated capability) development planning and implementation
Asset continuity planning and implementation
Logistic support facilities development and management
In the area of operating budget or OPEX it involves:
Procurement planning and management, e. g. for consumables and spares
Organization wide, asset related systems and procedures, e. g. computer systems applications in asset management and maintenance, shutdown / turnaround planning,
 Development and management of maintenance outsourcing,
Awareness and management of regulatory compliance


10 Reasons Why Customers Choose InvGate

The IT industry is awash with hundreds of IT help desk, IT service desk, IT service management (ITSM), and IT asset management (ITAM) software products. And, with so many products to consider, customers can find it difficult to understand how they differ and, ultimately, how to select the right products. Or even the right tool vendor. Thousands of customers worldwide have already chosen to invest in InvGate Service Desk and InvGate Assets – Here are ten of the reasons why.

  • A focus on customers and their customers
    Industry best practice is blended with our customers’ everyday needs to deliver focused and easy-to-use IT management solutions.
  • Our mantra of keeping things simple
    For our customers, as modern business life gives them more to do than they have time, simplicity is always king.
  • Industry best practice provided in a practical and affordable way
    Business technology that’s as intuitive, and easy to use, as consumer-world apps and services.
  • The belief that customer value trumps features and functions
    Purchasing InvGate solutions is a business investment, so we view your success as our shared goal.
  • It’s technology driven by customer needs not industry fads
    Enterprise-grade capabilities delivered through solutions that look and feel as though designed for consumer-world use.
  • It’s technology designed to make the lives of IT pros easier
    Whether delivering IT support, managing IT services, or managing IT assets – InvGate solutions are here to help.
  • Better IT and business success through better financial stewardship
    Manage IT assets and costs better – from network discovery, inventory management, and license management to software deployment and metering.
  • IT support teams of all sizes get to work smarter, not harder
    Using workflow and automation, self-service, and analytics to improve service and provide a better customer experience.
  • Alignment with the ITIL IT service management best practice framework
    Improve IT support efficiency, reduce costs, and improve the quality of service and the customer experience for end users.
  • The choice of delivery and payment models
    Whether you want a SaaS or on-premise delivery model, perpetual licensing or a SaaS subscription pricing model.

Service - Desk