Assets in a business are often expressed as items of economic value to that business, for example: cash, inventory, equipment, computer systems, real estate, goodwill, patents etc. Assets in an accounting sense fall into tangible (physical and measurable) and intangible (conceptual and complex to measure). It is important to note that other assets in a business include individuals and the skills they possess, as well as the productivity they create or achieve. For many businesses, their biggest expense is people, and conversely this is also their biggest asset.
A key objective in what we deliver is to assist businesses in improving return on assets whether at a person, process or plant/equipment level. We do this by measuring human and non-human factors involved in business activity, and providing advice to supervisors and management on how best to improve productivity or throughput from the assets within their business.