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Describe 2 things organizations must consider when improving control of assets.

Describe 2 things organizations must consider when improving control of assets.
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An improvement in asset control is a responsibility that needs the best systems, tools, and practices to ensure to stay on top of things. Firstly without a correct tracking of depreciation on an asset, an organisation will pay too much for insurance, taxes, and asset maintenance. Thus the asset management must ensure accurate computation of depreciation. Secondly, it must consider the identification and elimination of the sources of waste, duplication of work, and unnecessary delays in activity (i.e. wait time)

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