Phenix system provides the ability to process operations on assets that affect the life of the asset, and includes the following operations:
It means adding certain equipment to the asset that helps increase its productivity during the period of its use
It means excluding any parts from the asset due to damage, which led to a decrease in its life and productivity
It means maintenance the asset during its use
Phenix system provides a set of predefined reports to assist in evaluating the work of assets, as following:
Shows the assets list and the purchase date and their book value.
This report shows the asset movements during the financial period.
Shows in detail all the operations that took place on each asset.
Which is integrated with the Phenix Manufacturing System.
Which shows the depreciation value deducted from each asset based on the selected depreciation method.
The asset loses its value during the years of use, and in asset management systems it is called depreciation, which is the process of spreading an asset’s cost over the years of use
Phenix support the following Depreciation methods: