Asset Management
An Asset Management in Field Service Management (FSM) is to efficiently and effectively oversee the entire lifecycle of assets within an organization, from acquisition to disposal. It aims to accurately track and identify all assets owned and operated by the facility. An effective asset management helps to optimize the utilization of assets by ensuring they are deployed efficiently to meet operational needs. The management involves a proper maintenance of asset usage, identifying underutilized or idle assets, and reallocating resources as necessary to maximize productivity and minimize costs.