Once the inventory and value assessment are complete, you can prioritize each asset using a straightforward process known as analysis.

Weighted Factor analysis

Explanation:

When using Weighted Factor analysis, You can separate the use of your assets based on several pre-determined criteria. These criteria can be differ from one business to another. But for most, These criteria generally divided into three: Profitability, impact to the environment , safety.

In most cases The allocation of assets will be given to those who have the potential to earn the most revenue for the business.

Secondly, they will use the assets to maintain positive environment surrounding the company (such as CSR or cost to maintain public image)

Last but not least, the assets will allocated to ensure employees safety in the workplace.

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