Role of telecommunications operations functions in the Telecommunications Asset Life Cycle
Telecommunication functions establish the Asset life cycle in any telecommunication company. These roles will comprise incident management, order management, Disputes management among others. These operations help manage telecommunication assets. Confirmed practices and operations provide the framework for an efficient implementation, and management of assets leading seamlessly to on-going support and management. The requirements of the business and the condition that the asset is in will determine whether the asset will be retained or not. Any decision made by the operations department therefore influence greatly the asset life cycle.
Cash drawer management concept
Cash-drawer management concept refers to the practice of having a drawer from where the business could access the financial condition at any time without any margins. This concept is employed mostly in small businesses. At any time when the drawer is bare, then the business is rendered insolvent. The cash drawer actually replicates the complete financial status of the business and any cash needed would be drawn from the drawer. The same concept has been applied in the past in departments in big organizations. Though most organizations have well established financial structure, some departments are however given some petty cash in order to run their day-to-day functions and any other miscellaneous that might arise along the way. Depending on the telecommunication department size, the determination to have cash drawer management would be based on the need to manage the handling of money. This is based on financial management. Cash drawer management can give telecommunication managers ability to have firsthand insight on the financial status of the department at any one time. However, if drawer management is not utilized as expected, it can bring many problems that might arise due to misuse.
Bibliography
Hang, Z. (2009, April 5). Sustainable pavement asset management based on life cycle models and optimization methods. Retrieved August 14, 2011, from University of Michigan: http://css.snre.umich.edu/css_doc/CSS09-14.pdf
Sawers, J. (2009). Life cycle asset management. Retrieved August 14, 2011, from Reid Crowther & Partners: http://www.cibse.org/pdfs/Life%20Cycle%20Asset%20Management.pdf
