Get Your Asset Ducks in a Row Before You Go Eco-Bonkers

Despite the debacle of Copenhagen and the growing band of “nay-sayers” about man-made global warming, governments around the world remain committed to Carbon Reduction Commitments (CRC) that many intend to pass into law.That’s certainly the case with the UK government, which is sticking to targets of reducing greenhouse gas emissions by at least 80% over levels ten years ago by the year 2050.

Companies that achieve reductions will be financially rewarded and those that don’t will suffer the consequences. Asset tracking software will be essential to achieving those targets and reaping the financial rewards because CRC depends not just on supply chain resource or carbon emissions management.It also covers the wider issues of waste reduction and water management as well as the efficiency of electronic and electrical equipment etc.All these facets of business operations contribute to an organisation’s environmental impact and ultimately its bottom line. As if the implications of impending legislation weren’t enough, companies now have to prove their “green credentials” to consumers and who are demanding a more “environmental” approach of any business. Doing all this creates a significant cost for business, unless they get their fixed assets sorted out.

You’ve got to know what you’ve got and where it is as well as information about the life cycle of all fixed assets, from place of origin, maintenance schedules and carbon efficiency to final disposal details. Professional inventory management software is essential to allow informed decisions. Fixed asset management has many additional advantages, including reducing administrative costs associated with asset maintenance and repairs. However, the real benefit of comprehensive fixed asset management in the CRC context lies in the fact that, until you truly know what assets you’ve got, which you own and the real ownership cost of those assets, you cannot ” green ” the business in the most cost effective and beneficial way possible.