What is asset management? Asset management (AM) is a set of business practices that join ﬁnancial, contractual, and inventory functions to support the life cycle management and strategic decision making involving movable assets. Managing assets effectively allows the business manager to get maximum value from the use of the assets, right-size inventory, and optimise inventory purchase decisions and strategies.
Asset management provides business managers with the means to achieve complete visibility into your inventory, helping you gain an in-depth understanding of:
What systems and equipment exist?
Where the components reside?
How they are used?
What they cost?
When were they added to the inventory?
Whether they have an expiry date?
How they impact it and business services?
This level of visibility into asset details will help organisations improve infrastructure efﬁciency and performance and minimise related overhead expenses.
All organisations, in one way or the other, perform asset management. It’s important to implement [AM] practices intelligently, in order to achieve operational efﬁciency, ﬁnancial accountability of asset purchase, simplify auditing and compliance, and long-term asset manageability and maintenance.
The modern security number plate is an ofﬁcial document, the passport of the vehicle. Currently they are manufactured using embossed aluminium and reflective laminates. Like any other ofﬁcial document, they should contain additional security features to prevent counterfeiting, tampering attempts or duplication and to ensure controlled production, issuing and subsequent monitoring by government authorities.
A vehicle license plate is the primary regulatory identiﬁer of a vehicle. Standards and legislation ensure that plates are readable by enforcement agencies, regulatory organizations and individuals using a variety of human and camera technologies. iPLATE has the expertise to produce high quality and difﬁcult to clone embossed retro reflective aluminium plates that ensure the integrity of the plate as the primary vehicle identiﬁer is maintained.
Passive’ RFID tags broadcast their location but have limited transmission range (typically a few meters). Longer-range “smart tags” use ‘active’ RFID - whereas a radio transmitter is powered by a battery and can transmit up to 2000 meters (6,600 feet) in optimum conditions. RFID-based Asset Tracking requires an infrastructure to be put in place before the whereabouts of tags may be ascertained. An asset tracking system can record the location and usage of the assets and generate various reports.
The latest trend in asset tracking is using NFC (Near field communication). NFC technology simplifies tracking of assets by tapping the assets and getting the details. This is an advantage for tracking critical assets where the user needs to see the condition of the asset to be tracked.
As the number of vehicles on South African roads increases, so do the requirements that have to be met by registration and identification systems. After all, only secure and unique identification of vehicles makes automated traffic surveillance possible and prevents criminal offences such as theft, hi-jacking and other crimes.
PWC GLOBAL ECONOMIC CRIME AND FRAUD SURVEY 2018 SOUTH AFRICA
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iPLATE is a professional service provider of revolutionary anti-fraud technology that protects high-value documents and information— ensuring criminals are unable to alter or forge any information for criminal gain. Founded in 2016, in partnership with global giant Toennjes International Group AG (TI), our aim is to provide world-class technology solutions in the fight against economic fraud.
Nicola Tempest 082 564 2266 | Peter Ivanoff 082 716 2419 | info@iPLATE.co.za