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Asset management within an enterprise is carried out at all asset lifecycle stages.
An electronic asset management system plays a critical role in:
- optimizing operations and ensuring secure management of business resources;
- creating conditions for the most efficient utilization of all types of enterprise assets;
- managing the company’s physical assets throughout their entire lifecycle;
- Planning maintenance and repair activities for equipment, vehicles, real estate, infrastructure, and other resources to minimize or completely prevent breakdowns and downtime;
- establishing transparent management processes;
- Mitigating risks until the disposal of assets.