Used Asset Management: It’s Time to Create a Plan

Used asset management: It’s something you know you need to address, but it makes your head hurt thinking about how to approach it, right? Used asset management requires an unwavering commitment to detail in recordkeeping – and that’s no easy task, because those details are changing all the time. And yet, you can’t ignore the importance of tracking this information. First of all, it’s required for accounting and compliance purposes. Second, proper asset management almost certainly will reduce or even eliminate theft and loss of expensive fixed assets. Third, you’ll save money because when you’re staying on top of the routine maintenance your assets require, they won’t break down prematurely. And fourth, you’ll save time because your employees won’t have to spend hours hunting down assets that haven’t been properly tracked. The benefits extend beyond these, but the four factors listed above are often the most compelling for any organization contemplating whether it’s time to invest in an asset tracking and management platform.

Speaking of investing, used asset management does indeed require a financial outlay. Price points among the various products on the market vary significantly. It’s important to consider not just the initial cost, but also the cost associated with maintaining those systems. For example, some asset management platforms will necessitate the purchase of additional hardware (for example, handheld barcode scanners, which can be expensive in their own right) or software (for which you’ll need to purchase and regularly renew your user licenses, which again can be quite costly). Additionally, asset management platforms vary in their degree of flexibility. What works for you today may not work for you tomorrow; after all, no company remains static, and your needs change over time. If you have to start at square one a few years down the road with a new system, that’s going to be costly in terms of not just money, but also time and productivity.

Your best bet for a used asset management solution is a flexible, yet powerful platform that’s also streamlined and simple to use. That’s a big wish list, but Asset Panda delivers on all counts. Asset Panda is the most powerful mobile asset tracking and management platform in the world, and it requires nothing more to use than the smartphones or tablets you and your employees already carry. It’s powered by free mobile iOS and Android apps that sync with the cloud and include a mobile barcode scanner, so there’s no need to purchase separate handheld scanners – or any additional hardware or software, for that matter.

The app’s features are completely customizable, based on the philosophy that clients should be able to track their assets any way they want today, tomorrow and long into the future, and make changes at any time. Asset Panda is also flexible enough to incorporate new technologies as they become available, giving clients a leg up on the Internet of Things.

Add as many users as you’d like at no extra cost, and loop every one of your stakeholders into the asset management conversation. You’ll increase accountability, accuracy and productivity across the board – and all from a tool you manage in the palm of your hand. Because your data syncs with the cloud, you have the assurance that you’re always making decisions based on real-time figures. From the exact location and condition of your items to their respective insurance policies, warranties, maintenance histories and depreciation, everything you need to track and manage the entire lifecycle of your vital assets is within your reach. And you won’t need any special training to master Asset Panda; it’s been designed to be the most intuitive, user-friendly solution you’ll find on the market today. Best of all, it’s offered at a price point our competitors can’t touch.

Try Asset Panda free for 14 days, and discover why some of the world’s biggest brands trust us to help them manage millions of dollars’ worth of their most vital fixed assets. For more information or to get started, go to


Courtney Roush

Courtney Roush is a freelance writer, editor, and communications strategist with 25 years of experience. Her favorite discipline is crisis communications – and it’s a highly relevant one in our present times.

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