In this article, we discuss what facility assets are, what managing them means, and why you should use a facility asset management software solution. Let’s get started. What are facility assets? Regardless of what domain your company belongs to, you will have several resources that fall under the facility asset category. These assets underpin business activities. It takes a substantial investment to acquire them and incurs additional operating costs as you begin to use them. Here’s an example of some assets that are termed facility assets: HVAC systems Lighting fixtures Electric appliances Plumbing systems Buildings Infrastructure Vehicles After the initial purchase of these assets, they depreciate in condition and value over time. You will need to maintain and replace your assets at some point in their life cycles. When such moments arrive, it is a smart move to ensure that you do it in a streamlined manner. What is facili...