Don’t just scrap your valuable equipment! Recycle it!
At Warehouse Solutions, we offer pallet rack repair services to keep your pallet racks in safe working order. Rickety, damaged, or broken pallet racks can not only cost you money but can be a serious safety risk for your employees. Getting them repaired or replaced immediately is essential to avoid future damages and broken equipment or inventory.
Before purchasing a brand new pallet rack or store-bought pallet rack repair kits, contact our team and see if we can’t repair them first.
Fixed asset management (FAM) refers to the process of managing and tracking assets, such as buildings, machinery, vehicles, equipment, and furniture that are purchased or acquired by an organization. It includes planning, acquisition, maintenance, repair, disposal, and replacement of a company’s physical assets.
The purpose of FAM is to ensure that the organization’s assets are used cost-effectively. You can keep asset records, asset registers, or asset management software to track the life cycle of your property. This helps the organization achieve its goals and objectives and provides more accurate financial statements.
There are three types of fixed assets: Tangible, Intangible, and Specialty.
These are the three main types of fixed assets, but business owners should be aware of a fourth asset. Ghost assets can’t be physically used but are still listed in your asset accounts. It’s important to audit your assets occasionally to repair or eliminate ghost assets.
You need to know what type of assets you have in order to manage them properly. For example, if you own a car, you will want to make sure that it is maintained well. If you own a building, you will want to keep it clean and updated. If you own a computer system, you will want to protect it from viruses.
Understanding your assets’ roles in your company is essential for cost-effectively utilizing them.
There are many reasons why you might want to consider implementing a fixed asset management program in your organization. Here are some of the most important ones:
Fixed asset management is one of the most challenging aspects of running a successful business. It is easy to lose track of your assets or forget about an asset under construction that needs to be fixed. A fixed asset is anything owned by your organization and used to produce revenue. For example, a building might be considered a fixed asset because it produces income for you every month, even though you don’t physically touch it every day.
Here are some reasons why fixed asset management is essential:
When it comes to your warehouse assets, managing them and keeping them in good working order is where we come in. We can help reduce your maintenance costs and provide the needed repairs to keep your equipment in good order. If you decide your asset is at the end of its life cycle, such as a pallet rack, don’t just scrap it. We can recycle your assets, and they can be reused. Recycling helps the environment and allows small businesses an opportunity to purchase the equipment at a lower cost.
We can help with used or new asset acquisitions and asset maintenance. Contact our team today.