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Best Practices for Effective Property Management

Property Management Organizations (PMOs) can generally break down their responsibilities into the following categories: asset acquisition, asset identification, records, physical inventory, utilization and asset moves, reports, maintenance, and self-assessments. Not surprisingly these responsibilities mirror the life-cycle of an asset. Accordingly, it is necessary to develop a set of inventory management best practices, which will serve to streamline the asset management process, helping to maximize the value of each organization’s resources.

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