Managing fixed assets is an essential part of any business. Fixed assets are tangible or intangible items that a company owns and uses in the production or sale of goods or services. These include buildings, equipment, inventory, furniture, vehicles, computers, and more. Managing these assets can help businesses maximize their productivity and financial returns by reducing unnecessary costs, increasing asset utilization, and tracking depreciation. A good strategy for managing fixed assets involves proper acquisition, maintenance, and efficient disposal of assets when they become obsolete. This helps to ensure optimal use of the company’s resources and improve overall profitability.