Definitions from the Web
Asset Management
Description
Asset management refers to the systematic process of tracking, organizing, and maintaining valuable assets in order to maximize their potential and optimize their performance. It involves various strategies, techniques, and tools to effectively manage and protect assets, such as financial investments, real estate properties, vehicles, technological infrastructure, and intellectual property.
Sample Sentences
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Noun (Business):
The asset management department is responsible for overseeing and maintaining the company's extensive portfolio of properties.
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Noun (Finance):
Hiring a professional asset management firm can greatly enhance the growth and stability of your investment portfolio.
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Noun (Technology):
Effective asset management of IT resources helps organizations optimize their technological capabilities and reduce costs.
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Related Verb:
As a business owner, it is crucial to carefully asset manage your company's inventory to ensure efficient operations.
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Adjective:
The asset management software provides comprehensive solutions for tracking and analyzing financial assets.
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