Asset management system final

ASSET MANAGEMENT SYSTEM

ASSET MANAGEMENT SYSTEM Abstract

WAVE ASSET MANAGEMENT SYSTEM is a software that is capable of managing assets of an organization. This software acquires the assets, allows the user to set depreciationrate and calculates depreciated amount for the sameIt helps organizations toplan betterand finds the optimum balance between maintenance and operations. This will help to increase the uptime of assets and reduce inventory costs to increase profit

Tools /techniques used

ASP.NET SQL SERVER 2005 AJAX JAVA SCRIPT

What is asset management? Asset management is defined as “systematic and coordinated activities and

practices through which an organization optimally and sustainably manages its assets and asset systems, their associated performance, risks and expenditures over their life cycles for the purpose of achieving its organizational strategic plan.”

Asset management focuses on all types of assets, varying from critical or strategic physical assets to software assets.


Business goals Maximize the value and utilization of assets Better decisions through service cost transparency Optimized allocation of IT assets for the greatest return on IT investments Collect, consolidate and analyze essential information on all types of assets Improve operations through better asset availability, reliability and asset

utilization Extend the useful life of all assets or equipment, improve return on

investment and defer new purchases Unify processes for wide-ranging asset management functions across

multiple sites


• Solution developed MACO INFOTECH “WAVE ASSET MANAGEMENT SYSTEM “gives you a

single point of control over all types of assets — production, software, infrastructure, facilities, transportation and communications — by managing them all on one single platform. Now you can optimize the performance of your assets, calculate their depreciated amount and maximize return on investment.

This system has following modules

• Master This module allows user to create account set, add categories, add groups &

location, cost centre, choose depreciation methods i.e. daily, weekly, quarterly, monthly or annually. It allows user to set a unique asset ID & generate bar code of the desired asset.


• Company settings This module allows user to manage details of the company. It allows to save

company’s name, address, city, Phone No, Fax no etc. It allows creating user and specifying their role in the organization. Here one can change password & control authentication.


• Acquisition This module allows user to acquire assets, add its details and categories it. It allows the user to specify batch number, batch date, entry number, Acquisition

Account, transaction type & date of the assets.


• Projection This module projects the depreciated amount for the user to see, however this

amount is not implemented on the asset until user selects POST option. It only displays the depreciated value; it doesn’t apply this value to the asset.

• Depreciation This module sets the depreciated amount on the selected assets. It allows the

user to select a time period for calculating depreciated amount, include assets by specifying their category, cost center, location, group, account set & asset ID and finally calculate depreciated amount applying PROCESS action.


• Disposal This module allows the user to dispose the assets which are of no use to the

user. Module allows user to dispose the assets which use needs no more and can add additional disposal amount as well.

ASSET MANAGEMENT SYSTEM ASSET MANAGEMENT SYSTEM

conclusion Increased asset availability/service reliability Increased revenues and decreased costs Improved customer service Improved asset performance and reduced risk Extended asset life, reduced inventory costs and controlled spending Improved asset utilization with proactive asset management and consolidation of

systems


MACO INFOTECH LIMITED


Economy & Finance

Asset management system final