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SITXFIN005 Manage physical assets Assignment sample

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Introduction: Manage physical assets

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Part A - Acquisition Plan

The physical assets that were selected are Computer Systems, Vehicles and Gardens

  1. Overview of business activities based on the assets selected

The company is related to the tourism industry. In the tourism industry, computers are a basic necessity for recording all the organisation's transactions (Boon, et al. 2018). The reception should have a computer facility to record the details of the visitors and the guests staying and using their facilities. Selecting an asset such as a vehicle will make it easy for the tourism industry to provide communicating vehicles to the guests and visitors for their accommodation facility. Selecting a garden facility for the tourist industry in order to provide any kind of ceremonies and dining facilities with having nurseries and kids' playing areas is also a great idea for the organisation.

  1. Purpose of acquisition of these new assets

These assets are required for the growth of the tourism industry and for maintaining a good and healthy environment for the tourists and the guests using their resources (Armstrong, 2020). By acquiring these assets, it will be easier for the tourism organisation to provide sufficient facilities according to the needs and requirements of the guests. The facilities such as providing vehicles and gardens to the guests can help them to conduct ceremonies as well as travelling facilities with proper vehicle and safety. These assets are been acquired by other tourism industries too which can lead to the growth of their value in the market. By using this asset in the organisation the brand value gets increased along with getting a good position for the company in the market.

  1. Overview of specification for each asset

The overview and requirements of each asset namely computer systems, vehicle facilities and gardening facilities are mentioned. A computer system in the tourism industry is required for the recording of transactions made with the guests and the internal losses and changes made in the industry. Computers can store a huge amount of data for future reference and data can be used for any mishappens occurred in the business. Computers record data easily and for an industry related to tourism, it is a basic need to use them for maintaining their work easily and effectively. The purchasing of vehicles can also help the tourists to provide travelling facilities and pick and drop facilities to the airport and railway station is also required for the goodwill of the business to grow. The use of electric-operated vehicles is recommended for the betterment of society and the market value can also increase compared to other companies. Using garden facilities can help the guest to conduct various ceremonies with having an open view restaurant facility and playing areas for the kids. In a great location if the garden facility is provided then the industry can be more profitable depending upon the needs of the customers.

  1. Obtaining Price Quotes for the 3 different assets

The price quote for the computer was taken from 3 different sellers

Seller 1: Lenovo IdeaCentre AIO 3 23.8" FHD All-in-One PC (1TB) [Ryzen 3] at $799.

Seller 2: Lenovo IdeaCentre AIO 3 23.8" FHD All-in-One PC (1TB) [Ryzen 3] at $849.

Seller 3: Lenovo IdeaCentre AIO 3 23.8" FHD All-in-One PC (1TB) [Ryzen 3] at $819.

The final quote received for the computer and to be applied is the quote provided by Seller 1 at $799.

The price quote for the vehicle was taken from 3 different sellers.

Dealership 1: Audi S6 Sedan at a price of $121990

Dealership 2: Audi S6 Sedan at a price of $120999

Dealership 3: Audi S6 Sedan at a price of $125000

The final quote received for the tourist vehicle and the quote to be applied is the quote provided by Dealership 2 at $120999.

The price quote for the gardening has been taken from 3 different sellers

Gardening store 1: 750 square feet garden with kids playing facilities at a price of $5840 

Gardening store 2: 650 square feet garden with kids playing facilities at a price of $5735

Gardening store 3: 700 square feet garden with kids playing facilities at a price of $5800

The final quote to be taken into account is the quote provided by Gardening store 1 at a price of $5840. This is because all the other gardens are been sold by other sellers at a price which is around the quote provided by dealer 1.

  1. Financial institution: here the financial institution which was taken is CBA (Commonwealth Bank of Australia) and the two suppliers who will be provided with all these facilities are been selected. The three different financing options available are:
  2. CBA will be providing an industrial loan to this industry for 2 years at a rate of 6.4% p.a.
  3. The 1st seller will be charging around $4900000 for the purchase of 5 computers and 8 vehicles along with the 750 square feet garden 
  4. The 2nd seller will be charging around $4850000 for the purchase of the same assets.
  5. Finance variants calculation based on the value of assets produced and selected

For the computer system, the depreciation needs to be calculated in the straight-line method. Technology changes can be effective but with the adoption of the new and present technology, computers can work easily and regular software updates are to be required for the machine to work without any effort. The financial impact can be a liability for granting loans from financial institutions for purchasing and setting up the machinery. The company can purchase the vehicles from the dealers at a low price and the company may face certain extra costs for the insurance and driver facilities of the vehicles along with the basic paperwork and documents required for the vehicle to be operated in the city. Fuel and maintenance costs will also become a burden depending upon the cost of service provided by the industry. For the vehicle and the garden, the depreciation method to be selected is the same as the method selected for computers. The installation of a new garden will also have some financial impact on the company as it needs to be maintained and the wages to be paid to the gardeners are also been an extra cost for the company.

Depreciation under SLM Method

Computer

Vehicle

garden land

Cost

799

120999

5840

Depreciation @10%

79.9

12099.9

584

Written Down Value

719.1

108899

5256

Chart of depreciation for the 3 assets

  1. The official process for acquisition of assets

Details of the Assets

Computer: Lenovo IdeaCentre AIO 3 23.8" FHD All-in-One PC (1TB) [Ryzen 3]

Vehicle: Audi S6 Sedan 

Garden: 750 square feet garden with kids playing facilities

Legal Contracts

Computer system: the seller is going to provide a 3 years warranty in the software used in the system along with 1-time replacement of any equipment damage. This contract is enforced by the law and 1-year domestic warranty has been provided by Lenovo for the software and hardware replacement (Saeed et al. 2019). It also includes free setup of computers.

Vehicle: the dealership will be going to provide a free insurance policy of $20999 bumper to bumper for 5 years along with a low cost in the paper making. This contract is legally signed by the enforcement of the law. The dealership will be provided with 10 year or 10000 km warranty for the cars with one free servicing during the 1st year of purchase.

Gardening: here the seller will be providing a warranty for damage to any type of equipment in the kid's playing area and any damage on the floor and grass damage.

Documentations for purchasing the asset 

Documentations required for the purchase of a computer system. The main documents required are the billing of computer hardware along with the software provided for it(Kim et al. 2019).

Documentations required for the purchase of a vehicle need the paperwork and the license and registration of the vehicle in the regional transport office of the city(Collings Wood, & Szamosi, 2018). Insurance papers and pollution papers are also required to be made.

Documentation required for purchasing a garden requires valuation of the land and equipment and maintaining items required for the garden to be maintained.

Part B - Asset Register

  1. Register of the assets:

Asset details: Computer System

Asset description: Lenovo IdeaCentre AIO 3 23.8" FHD All-in-One PC (1TB) [Ryzen 3]

Serial number AF4H406445

Purchase Date: 01/04/2022

Cost: $799

Depreciation amount (10% SLM): $79.9

Closing Written Down Value: $719.1

Asset Details: Tourist Vehicle

Asset Description: Audi S6 

Serial Number: 1HGBH41JXMN102589

Purchase Date: 01/04/2022

Cost: $120999

Depreciation amount (10% SLM): $12099.9

Closing Written Down Value: $108899.1

Asset Details: Garden 

Asset description: 750 square meters with kid’s playing facilities and equipment. 

Purchase date: 01/04/2022

Cost: $5840

Depreciation amount (10% SLM): $584

Closing Written down Value: $5256

  1. Development of maintenance register

For computers: proper software updates to be seen in each day with regular cleaning of the hardware in order to prevent external damages (De Massis et al. 2018). Proper electricity power is to be provided along with earthing facilities.

For Vehicles: washing facilities and proper garage facility need to be provided along with monthly oil change and refuelling needs to be done. A driver with high experience is also required. 

For gardening and equipment: the gardener needs to be appointed along with basic necessities required for maintaining the garden(Ren, Tang, & Jackson 2018). Lawnmowers are required for cutting grasses grown in the garden and oiling in the equipment is also required for better workings.

Part C - Resource management strategy

  1. Development of maintenance regime

For computers, it is required to be made proper maintenance of the software and hardware along with installation and upgradation of anti-viruses. Maintenance needs to be done 3 months a year resulting in a minimal cost of $100 per maintenance. 

For Vehicles: it is required to be maintained properly the engines and the valves and motors by oiling and changing the damaged parts. It is needed to be done every month and shall consume a cost of around $400 per maintenance.

For the garden: regular maintenance is to be required for gardening and soil fertilisation. This can incur a cost of $50 for every maintenance and it is required to be maintained regularly.

  1. Details in the maintenance regime

1) Reporting and monitoring mechanism: In case of any complex issues found in the assets, it is required to be maintained with proper guidance. In the case of a computer system, if the computer software gets damaged due to certain reasons, the company should immediately take a backup of the data and should also repair or replace the machine based on the cost.

In the case of a vehicle, if the vehicle meets an accident or there is a loss of parts in the vehicle, the company should immediately repair the vehicle or should provide an extra emergency vehicle that will be working in the place of the damaged one(Pham et al. 2019). In the case of the garden, it is required to be maintained regularly with the proper equipment and lawn mowing every day is compulsory in order to avoid any kind of complaints raised by the guests.

2) provisions for collecting feedback from the customers: the company should ask for feedback from the customers after the usage of the assets. For example, in the case of vehicles, the company should ask for feedback from the customer related to the comfort and ride experience(Chams, & García-Blandón, 2019). In the case of proving a garden to the guest, the company should ask for feedback from the customer relating to the space, weather and facilities provided in the garden.

3) types of maintenance required: maintenance is required in the case of all the 3 assets along with other common maintenance. Other common maintenance includes maintenance of floor cleaning and fixing of non-working air conditioners, doors etc which are the basic requirements needed for the business.

4) Location of maintenance: The location of work should be off-site in case of vehicles and computers as they are to be taken to the mechanics but in case of garden maintenance, it is been done at the place where the garden is situated as the garden is a non-moving asset. Thus, certain assets like vehicles and computers need to be maintained in a place out of the origin of these assets. 

5) expected duration for maintenance work: It is expected that maintaining the garden will maximum take a single day but in case of massive damage and repair required for vehicles and computers, it can take up to 2 to 3 days after using the asset effectively.

6) timing of scheduled maintenance of gardens: In the time of winter and summer, the garden is highly in demand by customers for conducting ceremonies, in this time gardens need to be maintained after the completion of a single ceremony in a day(Bombiak, E., & Marciniuk-Kluska, A . 2018). It can also lead to maintaining the garden twice and thrice a day. It can adopt a high maintenance cost in a single day.

7) disruptions to operation in the maintenance and how to solve them: Many disruptions may arise in maintaining the assets. For example, if the period of a maintenance vehicle is near but the vehicle is now working then it can become difficult for the management to make proper maintenance of the vehicle. It can be solved by providing a replacement vehicle for a few days and after getting the main vehicle fully maintained, the management can use it(Boxall, & Purcell 2022).

8) WHS issues: WHS refers to Work Health Safety. It is the management who is solely responsible for any mishappens that have been faced by the employees or the guest. The management should look after the precautionary measures and emergency services in order to prevent issues such as if an employee or a guest gets harmed by any resource of the management then proper treatment and care to be provided by the organisation.

9) legal and regulatory requirements for physical assets: purchasing of physical assets creates an increase in the capital of the organisation that results in an increase in taxpaying to the government. It can be a legal requirement that the company needs to fulfil for the welfare of society. 

10) Summary of cost impacts for human resources.For maintenance of the assets incurred by the organisation, the involvement of human resources is mandatory and for specific assets, specific humans are required and they are needed to be given a certain cost excluding the materials replaced or repaired. For maintenance of vehicles, mechanics charges a certain cost and these are required to be paid by the organisation.

11) Cost of scheduled maintenance in terms of parts and other stuff: For the maintenance of assets, certain other equipment is required such as in the case of maintenance of the garden, land mowers are required which costs a certain amount except the actual cost of repairing the land(Boon, Den Hartog, & Lepak 2019). For vehicles, the towing car is required to take the vehicle to the service centre.

12) provision for monitoring of the financial performance of assets over the budget made: There can be certain provisions for making the financial performance. The company budgets certain amounts for the maintenance of the assets Singh et al. 2020). When the company faces abnormal losses of assets, it requires more amount for the assets to get repaired and this can be a burden for the company. The company should keep a certain amount out of the maintenance amount as an emergency fund to bear the losses that occurred. 

13) review of calculations of the performance of the assets: Review and proper audits are to be made on the value of depreciation of the assets as the values might be different based on the real performance.

References

  • Armstrong, M., & Taylor, S. (2020). Armstrong's handbook of human resource management practice. Kogan Page Publishers. Retrieved on 17th November 2022 from: http://lms.aambc.edu.et:8080/xmlui/bitstream/handle/123456789/172/Armstrongs%20Handbook%20of%20Human%20Resource%20Management%20Practice_1.pdf?sequence=1
  • Bombiak, E., & Marciniuk-Kluska, A. (2018). Green human resource management as a tool for the sustainable development of enterprises: Polish young company experience. Sustainability, 10(6), 1739. Retrieved on 17th November 2022 from: https://www.mdpi.com/2071-1050/10/6/1739/pdf
  • Boon, C., Den Hartog, D. N., & Lepak, D. P. (2019). A systematic review of human resource management systems and their measurement. Journal of management, 45(6), 2498-2537.Retrieved on 17th November 2022 from: https://journals.sagepub.com/doi/pdf/10.1177/0149206318818718
  • Boon, C., Eckardt, R., Lepak, D. P., & Boselie, P. (2018). Integrating strategic human capital and strategic human resource management. The International Journal of Human Resource Management, 29(1), 34-67. Retrieved on 17th November 2022 from: https://www.tandfonline.com/doi/pdf/10.1080/09585192.2017.1380063
  • Boxall, P., & Purcell, J. (2022). Strategy and human resource management. Bloomsbury Publishing. Retrieved on 17th November 2022 from: https://www.academia.edu/download/9887394/Strategy%20and%20Human%20Resource%20Management.pdf
  • Chams, N., & García-Blandón, J. (2019). On the importance of sustainable human resource management for the adoption of sustainable development goals. Resources, Conservation and Recycling, 141, 109-122. Retrieved on 17th November 2022 from: https://fardapaper.ir/mohavaha/uploads/2018/11/Fardapaper-On-the-importance-of-sustainable-human-resource-management-for-the-adoption-of-sustainable-development-goals.pdf
  • Collings, D. G., Wood, G. T., & Szamosi, L. T. (2018). Human resource management: A critical approach. In Human resource management (pp. 1-23). Routledge. Retrieved on 17th November 2022 from: http://117.3.71.125:8080/dspace/bitstream/DHKTDN/6530/1/Human%20Resource%20Management%20A%20critical%20approach.4528.pdf
  • De Massis, A., Audretsch, D., Uhlaner, L., & Kammerlander, N. (2018). Innovation with Limited Resources: Management Lessons from the G erman M ittelstand. Journal of Product Innovation Management, 35(1), 125-146. Retrieved on 17th November 2022 from: https://onlinelibrary.wiley.com/doi/pdf/10.1111/jpim.12373
  • Greer, C. R. (2021). Strategic human resource management. Pearson Custom Publishing. Retrieved on 17th November 2022 from: http://dspace.vnbrims.org:13000/jspui/bitstream/123456789/4407/1/Strategic%20Human%20Resource%20Management%20view.pdf
  • Kim, Y. J., Kim, W. G., Choi, H. M., & Phetvaroon, K. (2019). The effect of green human resource management on hotel employees’ eco-friendly behavior and environmental performance. International Journal of Hospitality Management, 76, 83-93. Retrieved on 17th November 2022 from: https://e-tarjome.com/storage/panel/fileuploads/2019-04-15/1555315816_E10907-e-tarjome.pdf
  • Pham, N. T., Thanh, T. V., Tu?ková, Z., & Thuy, V. T. N. (2020). The role of green human resource management in driving hotel’s environmental performance: Interaction and mediation analysis. International Journal of Hospitality Management, 88, 102392. Retrieved on 17th November 2022 from: https://publikace.k.utb.cz/bitstream/handle/10563/1009245/Postprint_1009245.pdf?sequence=3
  • Pham, N. T., Tu?ková, Z., & Jabbour, C. J. C. (2019). Greening the hospitality industry: How do green human resource management practices influence organizational citizenship behavior in hotels? A mixed-methods study. Tourism Management, 72, 386-399. Retrieved on 17th November 2022 from: https://e-tarjome.com/storage/panel/fileuploads/2019-08-19/1566214125_E12569-e-tarjome.pdf
  • Ren, S., Tang, G., & E Jackson, S. (2018). Green human resource management research in emergence: A review and future directions. Asia Pacific Journal of Management, 35(3), 769-803. Retrieved on 17th November 2022 from: https://scholarship.libraries.rutgers.edu/esploro/fulltext/acceptedManuscript/Green-human-resource-management-research-in/991031550235604646?repId=12643454430004646&mId=13643547530004646&institution=01RUT_INST
  • Saeed, B. B., Afsar, B., Hafeez, S., Khan, I., Tahir, M., & Afridi, M. A. (2019). Promoting employee's proenvironmental behavior through green human resource management practices. Corporate Social Responsibility and Environmental Management, 26(2), 424-438. Retrieved on 17th November 2022 from: https://www.researchgate.net/profile/Imran-Khan-145/publication/328388573_Promoting_employee's_proenvironmental_behavior_through_green_human_resource_management_practices/links/5cb02178299bf120975f8b5f/Promoting-employees-proenvironmental-behavior-through-green-human-resource-management-practices.pdf
  • Singh, S. K., Del Giudice, M., Chierici, R., & Graziano, D. (2020). Green innovation and environmental performance: The role of green transformational leadership and green human resource management. Technological Forecasting and Social Change, 150, 119762. Retrieved on 17th November 2022 from: https://mural.maynoothuniversity.ie/15991/1/SS_green%20innovation.pdf
  • Yong, J. Y., Yusliza, M. Y., Ramayah, T., & Fawehinmi, O. (2019). Nexus between green intellectual capital and green human resource management. Journal of cleaner production, 215, 364-374. Retrieved on 17th November 2022 from: https://e-tarjome.com/storage/panel/fileuploads/2019-08-18/1566123015_E11579-e-tarjome.pdf
  • Yong, J. Y., Yusliza, M. Y., Ramayah, T., Chiappetta Jabbour, C. J., Sehnem, S., & Mani, V. (2020). Pathways towards sustainability in manufacturing organizations: Empirical evidence on the role of green human resource management. Business Strategy and the Environment, 29(1), 212-228. Retrieved on 17th November 2022 from: https://www.researchgate.net/profile/Venkatesh-Mani/publication/334572211_Pathways_towards_sustainability_in_manufacturing_organizations_Empirical_evidence_on_the_role_of_green_human_resource_management/links/5d31f5d2299bf1995b39513f/Pathways-towards-sustainability-in-manufacturing-organizations-Empirical-evidence-on-the-role-of-green-human-resource-management.pdf

Part A - Acquisition Plan

The physical assets that were selected are Computer Systems, Vehicles and Gardens

  1. Overview of business activities based on the assets selected

The company is related to the tourism industry. In the tourism industry, computers are a basic necessity for recording all the organisation's transactions (Boon, et al. 2018). The reception should have a computer facility to record the details of the visitors and the guests staying and using their facilities. Selecting an asset such as a vehicle will make it easy for the tourism industry to provide communicating vehicles to the guests and visitors for their accommodation facility. Selecting a garden facility for the tourist industry in order to provide any kind of ceremonies and dining facilities with having nurseries and kids' playing areas is also a great idea for the organisation.

  1. Purpose of acquisition of these new assets

These assets are required for the growth of the tourism industry and for maintaining a good and healthy environment for the tourists and the guests using their resources (Armstrong, 2020). By acquiring these assets, it will be easier for the tourism organisation to provide sufficient facilities according to the needs and requirements of the guests. The facilities such as providing vehicles and gardens to the guests can help them to conduct ceremonies as well as travelling facilities with proper vehicle and safety. These assets are been acquired by other tourism industries too which can lead to the growth of their value in the market. By using this asset in the organisation the brand value gets increased along with getting a good position for the company in the market.

  1. Overview of specification for each asset

The overview and requirements of each asset namely computer systems, vehicle facilities and gardening facilities are mentioned. A computer system in the tourism industry is required for the recording of transactions made with the guests and the internal losses and changes made in the industry. Computers can store a huge amount of data for future reference and data can be used for any mishappens occurred in the business. Computers record data easily and for an industry related to tourism, it is a basic need to use them for maintaining their work easily and effectively. The purchasing of vehicles can also help the tourists to provide travelling facilities and pick and drop facilities to the airport and railway station is also required for the goodwill of the business to grow. The use of electric-operated vehicles is recommended for the betterment of society and the market value can also increase compared to other companies. Using garden facilities can help the guest to conduct various ceremonies with having an open view restaurant facility and playing areas for the kids. In a great location if the garden facility is provided then the industry can be more profitable depending upon the needs of the customers.

  1. Obtaining Price Quotes for the 3 different assets

The price quote for the computer was taken from 3 different sellers

Seller 1: Lenovo IdeaCentre AIO 3 23.8" FHD All-in-One PC (1TB) [Ryzen 3] at $799.

Seller 2: Lenovo IdeaCentre AIO 3 23.8" FHD All-in-One PC (1TB) [Ryzen 3] at $849.

Seller 3: Lenovo IdeaCentre AIO 3 23.8" FHD All-in-One PC (1TB) [Ryzen 3] at $819.

The final quote received for the computer and to be applied is the quote provided by Seller 1 at $799.

The price quote for the vehicle was taken from 3 different sellers.

Dealership 1: Audi S6 Sedan at a price of $121990

Dealership 2: Audi S6 Sedan at a price of $120999

Dealership 3: Audi S6 Sedan at a price of $125000

The final quote received for the tourist vehicle and the quote to be applied is the quote provided by Dealership 2 at $120999.

The price quote for the gardening has been taken from 3 different sellers

Gardening store 1: 750 square feet garden with kids playing facilities at a price of $5840 

Gardening store 2: 650 square feet garden with kids playing facilities at a price of $5735

Gardening store 3: 700 square feet garden with kids playing facilities at a price of $5800

The final quote to be taken into account is the quote provided by Gardening store 1 at a price of $5840. This is because all the other gardens are been sold by other sellers at a price which is around the quote provided by dealer 1.

  1. Financial institution: here the financial institution which was taken is CBA (Commonwealth Bank of Australia) and the two suppliers who will be provided with all these facilities are been selected. The three different financing options available are:
  2. CBA will be providing an industrial loan to this industry for 2 years at a rate of 6.4% p.a.
  3. The 1st seller will be charging around $4900000 for the purchase of 5 computers and 8 vehicles along with the 750 square feet garden 
  4. The 2nd seller will be charging around $4850000 for the purchase of the same assets.
  5. Finance variants calculation based on the value of assets produced and selected

For the computer system, the depreciation needs to be calculated in the straight-line method. Technology changes can be effective but with the adoption of the new and present technology, computers can work easily and regular software updates are to be required for the machine to work without any effort. The financial impact can be a liability for granting loans from financial institutions for purchasing and setting up the machinery. The company can purchase the vehicles from the dealers at a low price and the company may face certain extra costs for the insurance and driver facilities of the vehicles along with the basic paperwork and documents required for the vehicle to be operated in the city. Fuel and maintenance costs will also become a burden depending upon the cost of service provided by the industry. For the vehicle and the garden, the depreciation method to be selected is the same as the method selected for computers. The installation of a new garden will also have some financial impact on the company as it needs to be maintained and the wages to be paid to the gardeners are also been an extra cost for the company.

Depreciation under SLM Method

Computer

Vehicle

garden land

Cost

799

120999

5840

Depreciation @10%

79.9

12099.9

584

Written Down Value

719.1

108899

5256

Chart of depreciation for the 3 assets

  1. The official process for acquisition of assets

Details of the Assets

Computer: Lenovo IdeaCentre AIO 3 23.8" FHD All-in-One PC (1TB) [Ryzen 3]

Vehicle: Audi S6 Sedan 

Garden: 750 square feet garden with kids playing facilities

Legal Contracts

Computer system: the seller is going to provide a 3 years warranty in the software used in the system along with 1-time replacement of any equipment damage. This contract is enforced by the law and 1-year domestic warranty has been provided by Lenovo for the software and hardware replacement (Saeed et al. 2019). It also includes free setup of computers.

Vehicle: the dealership will be going to provide a free insurance policy of $20999 bumper to bumper for 5 years along with a low cost in the paper making. This contract is legally signed by the enforcement of the law. The dealership will be provided with 10 year or 10000 km warranty for the cars with one free servicing during the 1st year of purchase.

Gardening: here the seller will be providing a warranty for damage to any type of equipment in the kid's playing area and any damage on the floor and grass damage.

Documentations for purchasing the asset 

Documentations required for the purchase of a computer system. The main documents required are the billing of computer hardware along with the software provided for it(Kim et al. 2019).

Documentations required for the purchase of a vehicle need the paperwork and the license and registration of the vehicle in the regional transport office of the city(Collings Wood, & Szamosi, 2018). Insurance papers and pollution papers are also required to be made.

Documentation required for purchasing a garden requires valuation of the land and equipment and maintaining items required for the garden to be maintained.

Part B - Asset Register

  1. Register of the assets:

Asset details: Computer System

Asset description: Lenovo IdeaCentre AIO 3 23.8" FHD All-in-One PC (1TB) [Ryzen 3]

Serial number AF4H406445

Purchase Date: 01/04/2022

Cost: $799

Depreciation amount (10% SLM): $79.9

Closing Written Down Value: $719.1

Asset Details: Tourist Vehicle

Asset Description: Audi S6 

Serial Number: 1HGBH41JXMN102589

Purchase Date: 01/04/2022

Cost: $120999

Depreciation amount (10% SLM): $12099.9

Closing Written Down Value: $108899.1

Asset Details: Garden 

Asset description: 750 square meters with kid’s playing facilities and equipment. 

Purchase date: 01/04/2022

Cost: $5840

Depreciation amount (10% SLM): $584

Closing Written down Value: $5256

  1. Development of maintenance register

For computers: proper software updates to be seen in each day with regular cleaning of the hardware in order to prevent external damages (De Massis et al. 2018). Proper electricity power is to be provided along with earthing facilities.

For Vehicles: washing facilities and proper garage facility need to be provided along with monthly oil change and refuelling needs to be done. A driver with high experience is also required. 

For gardening and equipment: the gardener needs to be appointed along with basic necessities required for maintaining the garden(Ren, Tang, & Jackson 2018). Lawnmowers are required for cutting grasses grown in the garden and oiling in the equipment is also required for better workings.

Part C - Resource management strategy

  1. Development of maintenance regime

For computers, it is required to be made proper maintenance of the software and hardware along with installation and upgradation of anti-viruses. Maintenance needs to be done 3 months a year resulting in a minimal cost of $100 per maintenance. 

For Vehicles: it is required to be maintained properly the engines and the valves and motors by oiling and changing the damaged parts. It is needed to be done every month and shall consume a cost of around $400 per maintenance.

For the garden: regular maintenance is to be required for gardening and soil fertilisation. This can incur a cost of $50 for every maintenance and it is required to be maintained regularly.

  1. Details in the maintenance regime

1) Reporting and monitoring mechanism

In case of any complex issues found in the assets, it is required to be maintained with proper guidance. In the case of a computer system, if the computer software gets damaged due to certain reasons, the company should immediately take a backup of the data and should also repair or replace the machine based on the cost.

In the case of a vehicle, if the vehicle meets an accident or there is a loss of parts in the vehicle, the company should immediately repair the vehicle or should provide an extra emergency vehicle that will be working in the place of the damaged one(Pham et al. 2019). In the case of the garden, it is required to be maintained regularly with the proper equipment and lawn mowing every day is compulsory in order to avoid any kind of complaints raised by the guests.

2) provisions for collecting feedback from the customers: 

the company should ask for feedback from the customers after the usage of the assets. For example, in the case of vehicles, the company should ask for feedback from the customer related to the comfort and ride experience(Chams, & García-Blandón, 2019). In the case of proving a garden to the guest, the company should ask for feedback from the customer relating to the space, weather and facilities provided in the garden.

3) types of maintenance required: 

maintenance is required in the case of all the 3 assets along with other common maintenance. Other common maintenance includes maintenance of floor cleaning and fixing of non-working air conditioners, doors etc which are the basic requirements needed for the business.

4) Location of maintenance:

The location of work should be off-site in case of vehicles and computers as they are to be taken to the mechanics but in case of garden maintenance, it is been done at the place where the garden is situated as the garden is a non-moving asset. Thus, certain assets like vehicles and computers need to be maintained in a place out of the origin of these assets. 

5) expected duration for maintenance work: 

It is expected that maintaining the garden will maximum take a single day but in case of massive damage and repair required for vehicles and computers, it can take up to 2 to 3 days after using the asset effectively.

6) timing of scheduled maintenance of gardens

In the time of winter and summer, the garden is highly in demand by customers for conducting ceremonies, in this time gardens need to be maintained after the completion of a single ceremony in a day(Bombiak, E., & Marciniuk-Kluska, A . 2018). It can also lead to maintaining the garden twice and thrice a day. It can adopt a high maintenance cost in a single day.

7) disruptions to operation in the maintenance and how to solve them:

Many disruptions may arise in maintaining the assets. For example, if the period of a maintenance vehicle is near but the vehicle is now working then it can become difficult for the management to make proper maintenance of the vehicle. It can be solved by providing a replacement vehicle for a few days and after getting the main vehicle fully maintained, the management can use it(Boxall, & Purcell 2022).

8) WHS issues

WHS refers to Work Health Safety. It is the management who is solely responsible for any mishappens that have been faced by the employees or the guest. The management should look after the precautionary measures and emergency services in order to prevent issues such as if an employee or a guest gets harmed by any resource of the management then proper treatment and care to be provided by the organisation.

9) legal and regulatory requirements for physical assets: 

purchasing of physical assets creates an increase in the capital of the organisation that results in an increase in taxpaying to the government. It can be a legal requirement that the company needs to fulfil for the welfare of society. 

10) Summary of cost impacts for human resources.

For maintenance of the assets incurred by the organisation, the involvement of human resources is mandatory and for specific assets, specific humans are required and they are needed to be given a certain cost excluding the materials replaced or repaired. For maintenance of vehicles, mechanics charges a certain cost and these are required to be paid by the organisation.

11) Cost of scheduled maintenance in terms of parts and other stuff

For the maintenance of assets, certain other equipment is required such as in the case of maintenance of the garden, land mowers are required which costs a certain amount except the actual cost of repairing the land(Boon, Den Hartog, & Lepak 2019). For vehicles, the towing car is required to take the vehicle to the service centre.

12) provision for monitoring of the financial performance of assets over the budget made

There can be certain provisions for making the financial performance. The company budgets certain amounts for the maintenance of the assets Singh et al. 2020). When the company faces abnormal losses of assets, it requires more amount for the assets to get repaired and this can be a burden for the company. The company should keep a certain amount out of the maintenance amount as an emergency fund to bear the losses that occurred. 

13) review of calculations of the performance of the assets.

Review and proper audits are to be made on the value of depreciation of the assets as the values might be different based on the real performance.

References

Armstrong, M., & Taylor, S. (2020). Armstrong's handbook of human resource management practice. Kogan Page Publishers. Retrieved on 17th November 2022 from: http://lms.aambc.edu.et:8080/xmlui/bitstream/handle/123456789/172/Armstrongs%20Handbook%20of%20Human%20Resource%20Management%20Practice_1.pdf?sequence=1

Bombiak, E., & Marciniuk-Kluska, A. (2018). Green human resource management as a tool for the sustainable development of enterprises: Polish young company experience. Sustainability, 10(6), 1739. Retrieved on 17th November 2022 from: https://www.mdpi.com/2071-1050/10/6/1739/pdf

Boon, C., Den Hartog, D. N., & Lepak, D. P. (2019). A systematic review of human resource management systems and their measurement. Journal of management, 45(6), 2498-2537.Retrieved on 17th November 2022 from: https://journals.sagepub.com/doi/pdf/10.1177/0149206318818718

Boon, C., Eckardt, R., Lepak, D. P., & Boselie, P. (2018). Integrating strategic human capital and strategic human resource management. The International Journal of Human Resource Management, 29(1), 34-67. Retrieved on 17th November 2022 from: https://www.tandfonline.com/doi/pdf/10.1080/09585192.2017.1380063

Boxall, P., & Purcell, J. (2022). Strategy and human resource management. Bloomsbury Publishing. Retrieved on 17th November 2022 from: https://www.academia.edu/download/9887394/Strategy%20and%20Human%20Resource%20Management.pdf

Chams, N., & García-Blandón, J. (2019). On the importance of sustainable human resource management for the adoption of sustainable development goals. Resources, Conservation and Recycling, 141, 109-122. Retrieved on 17th November 2022 from: https://fardapaper.ir/mohavaha/uploads/2018/11/Fardapaper-On-the-importance-of-sustainable-human-resource-management-for-the-adoption-of-sustainable-development-goals.pdf

Collings, D. G., Wood, G. T., & Szamosi, L. T. (2018). Human resource management: A critical approach. In Human resource management (pp. 1-23). Routledge. Retrieved on 17th November 2022 from: http://117.3.71.125:8080/dspace/bitstream/DHKTDN/6530/1/Human%20Resource%20Management%20A%20critical%20approach.4528.pdf

De Massis, A., Audretsch, D., Uhlaner, L., & Kammerlander, N. (2018). Innovation with Limited Resources: Management Lessons from the G erman M ittelstand. Journal of Product Innovation Management, 35(1), 125-146. Retrieved on 17th November 2022 from: https://onlinelibrary.wiley.com/doi/pdf/10.1111/jpim.12373

Greer, C. R. (2021). Strategic human resource management. Pearson Custom Publishing. Retrieved on 17th November 2022 from: http://dspace.vnbrims.org:13000/jspui/bitstream/123456789/4407/1/Strategic%20Human%20Resource%20Management%20view.pdf

Kim, Y. J., Kim, W. G., Choi, H. M., & Phetvaroon, K. (2019). The effect of green human resource management on hotel employees’ eco-friendly behavior and environmental performance. International Journal of Hospitality Management, 76, 83-93. Retrieved on 17th November 2022 from: https://e-tarjome.com/storage/panel/fileuploads/2019-04-15/1555315816_E10907-e-tarjome.pdf

Pham, N. T., Thanh, T. V., Tu?ková, Z., & Thuy, V. T. N. (2020). The role of green human resource management in driving hotel’s environmental performance: Interaction and mediation analysis. International Journal of Hospitality Management, 88, 102392. Retrieved on 17th November 2022 from: https://publikace.k.utb.cz/bitstream/handle/10563/1009245/Postprint_1009245.pdf?sequence=3

Pham, N. T., Tu?ková, Z., & Jabbour, C. J. C. (2019). Greening the hospitality industry: How do green human resource management practices influence organizational citizenship behavior in hotels? A mixed-methods study. Tourism Management, 72, 386-399. Retrieved on 17th November 2022 from: https://e-tarjome.com/storage/panel/fileuploads/2019-08-19/1566214125_E12569-e-tarjome.pdf

Ren, S., Tang, G., & E Jackson, S. (2018). Green human resource management research in emergence: A review and future directions. Asia Pacific Journal of Management, 35(3), 769-803. Retrieved on 17th November 2022 from: https://scholarship.libraries.rutgers.edu/esploro/fulltext/acceptedManuscript/Green-human-resource-management-research-in/991031550235604646?repId=12643454430004646&mId=13643547530004646&institution=01RUT_INST

Saeed, B. B., Afsar, B., Hafeez, S., Khan, I., Tahir, M., & Afridi, M. A. (2019). Promoting employee's proenvironmental behavior through green human resource management practices. Corporate Social Responsibility and Environmental Management, 26(2), 424-438. Retrieved on 17th November 2022 from: https://www.researchgate.net/profile/Imran-Khan-145/publication/328388573_Promoting_employee's_proenvironmental_behavior_through_green_human_resource_management_practices/links/5cb02178299bf120975f8b5f/Promoting-employees-proenvironmental-behavior-through-green-human-resource-management-practices.pdf

Singh, S. K., Del Giudice, M., Chierici, R., & Graziano, D. (2020). Green innovation and environmental performance: The role of green transformational leadership and green human resource management. Technological Forecasting and Social Change, 150, 119762. Retrieved on 17th November 2022 from: https://mural.maynoothuniversity.ie/15991/1/SS_green%20innovation.pdf

Yong, J. Y., Yusliza, M. Y., Ramayah, T., & Fawehinmi, O. (2019). Nexus between green intellectual capital and green human resource management. Journal of cleaner production, 215, 364-374. Retrieved on 17th November 2022 from: https://e-tarjome.com/storage/panel/fileuploads/2019-08-18/1566123015_E11579-e-tarjome.pdf

Yong, J. Y., Yusliza, M. Y., Ramayah, T., Chiappetta Jabbour, C. J., Sehnem, S., & Mani, V. (2020). Pathways towards sustainability in manufacturing organizations: Empirical evidence on the role of green human resource management. Business Strategy and the Environment, 29(1), 212-228. Retrieved on 17th November 2022 from: https://www.researchgate.net/profile/Venkatesh-Mani/publication/334572211_Pathways_towards_sustainability_in_manufacturing_organizations_Empirical_evidence_on_the_role_of_green_human_resource_management/links/5d31f5d2299bf1995b39513f/Pathways-towards-sustainability-in-manufacturing-organizations-Empirical-evidence-on-the-role-of-green-human-resource-management.pdf

Part A - Acquisition Plan

The physical assets that were selected are Computer Systems, Vehicles and Gardens

  1. Overview of business activities based on the assets selected

The company is related to the tourism industry. In the tourism industry, computers are a basic necessity for recording all the organisation's transactions (Boon, et al. 2018). The reception should have a computer facility to record the details of the visitors and the guests staying and using their facilities. Selecting an asset such as a vehicle will make it easy for the tourism industry to provide communicating vehicles to the guests and visitors for their accommodation facility. Selecting a garden facility for the tourist industry in order to provide any kind of ceremonies and dining facilities with having nurseries and kids' playing areas is also a great idea for the organisation.

  1. Purpose of acquisition of these new assets

These assets are required for the growth of the tourism industry and for maintaining a good and healthy environment for the tourists and the guests using their resources (Armstrong, 2020). By acquiring these assets, it will be easier for the tourism organisation to provide sufficient facilities according to the needs and requirements of the guests. The facilities such as providing vehicles and gardens to the guests can help them to conduct ceremonies as well as travelling facilities with proper vehicle and safety. These assets are been acquired by other tourism industries too which can lead to the growth of their value in the market. By using this asset in the organisation the brand value gets increased along with getting a good position for the company in the market.

  1. Overview of specification for each asset

The overview and requirements of each asset namely computer systems, vehicle facilities and gardening facilities are mentioned. A computer system in the tourism industry is required for the recording of transactions made with the guests and the internal losses and changes made in the industry. Computers can store a huge amount of data for future reference and data can be used for any mishappens occurred in the business. Computers record data easily and for an industry related to tourism, it is a basic need to use them for maintaining their work easily and effectively. The purchasing of vehicles can also help the tourists to provide travelling facilities and pick and drop facilities to the airport and railway station is also required for the goodwill of the business to grow. The use of electric-operated vehicles is recommended for the betterment of society and the market value can also increase compared to other companies. Using garden facilities can help the guest to conduct various ceremonies with having an open view restaurant facility and playing areas for the kids. In a great location if the garden facility is provided then the industry can be more profitable depending upon the needs of the customers.

  1. Obtaining Price Quotes for the 3 different assets

The price quote for the computer was taken from 3 different sellers

Seller 1: Lenovo IdeaCentre AIO 3 23.8" FHD All-in-One PC (1TB) [Ryzen 3] at $799.

Seller 2: Lenovo IdeaCentre AIO 3 23.8" FHD All-in-One PC (1TB) [Ryzen 3] at $849.

Seller 3: Lenovo IdeaCentre AIO 3 23.8" FHD All-in-One PC (1TB) [Ryzen 3] at $819.

The final quote received for the computer and to be applied is the quote provided by Seller 1 at $799.

The price quote for the vehicle was taken from 3 different sellers.

Dealership 1: Audi S6 Sedan at a price of $121990

Dealership 2: Audi S6 Sedan at a price of $120999

Dealership 3: Audi S6 Sedan at a price of $125000

The final quote received for the tourist vehicle and the quote to be applied is the quote provided by Dealership 2 at $120999.

The price quote for the gardening has been taken from 3 different sellers

Gardening store 1: 750 square feet garden with kids playing facilities at a price of $5840 

Gardening store 2: 650 square feet garden with kids playing facilities at a price of $5735

Gardening store 3: 700 square feet garden with kids playing facilities at a price of $5800

The final quote to be taken into account is the quote provided by Gardening store 1 at a price of $5840. This is because all the other gardens are been sold by other sellers at a price which is around the quote provided by dealer 1.

  1. Financial institution: here the financial institution which was taken is CBA (Commonwealth Bank of Australia) and the two suppliers who will be provided with all these facilities are been selected. The three different financing options available are:
  2. CBA will be providing an industrial loan to this industry for 2 years at a rate of 6.4% p.a.
  3. The 1st seller will be charging around $4900000 for the purchase of 5 computers and 8 vehicles along with the 750 square feet garden 
  4. The 2nd seller will be charging around $4850000 for the purchase of the same assets.
  5. Finance variants calculation based on the value of assets produced and selected

For the computer system, the depreciation needs to be calculated in the straight-line method. Technology changes can be effective but with the adoption of the new and present technology, computers can work easily and regular software updates are to be required for the machine to work without any effort. The financial impact can be a liability for granting loans from financial institutions for purchasing and setting up the machinery. The company can purchase the vehicles from the dealers at a low price and the company may face certain extra costs for the insurance and driver facilities of the vehicles along with the basic paperwork and documents required for the vehicle to be operated in the city. Fuel and maintenance costs will also become a burden depending upon the cost of service provided by the industry. For the vehicle and the garden, the depreciation method to be selected is the same as the method selected for computers. The installation of a new garden will also have some financial impact on the company as it needs to be maintained and the wages to be paid to the gardeners are also been an extra cost for the company.

Depreciation under SLM Method

Computer

Vehicle

garden land

Cost

799

120999

5840

Depreciation @10%

79.9

12099.9

584

Written Down Value

719.1

108899

5256

Chart of depreciation for the 3 assets

  1. The official process for acquisition of assets

Details of the Assets

Computer: Lenovo IdeaCentre AIO 3 23.8" FHD All-in-One PC (1TB) [Ryzen 3]

Vehicle: Audi S6 Sedan 

Garden: 750 square feet garden with kids playing facilities

Legal Contracts

Computer system: the seller is going to provide a 3 years warranty in the software used in the system along with 1-time replacement of any equipment damage. This contract is enforced by the law and 1-year domestic warranty has been provided by Lenovo for the software and hardware replacement (Saeed et al. 2019). It also includes free setup of computers.

Vehicle: the dealership will be going to provide a free insurance policy of $20999 bumper to bumper for 5 years along with a low cost in the paper making. This contract is legally signed by the enforcement of the law. The dealership will be provided with 10 year or 10000 km warranty for the cars with one free servicing during the 1st year of purchase.

Gardening: here the seller will be providing a warranty for damage to any type of equipment in the kid's playing area and any damage on the floor and grass damage.

Documentations for purchasing the asset 

Documentations required for the purchase of a computer system. The main documents required are the billing of computer hardware along with the software provided for it(Kim et al. 2019).

Documentations required for the purchase of a vehicle need the paperwork and the license and registration of the vehicle in the regional transport office of the city(Collings Wood, & Szamosi, 2018). Insurance papers and pollution papers are also required to be made.

Documentation required for purchasing a garden requires valuation of the land and equipment and maintaining items required for the garden to be maintained.

Part B - Asset Register

  1. Register of the assets:

Asset details: Computer System

Asset description: Lenovo IdeaCentre AIO 3 23.8" FHD All-in-One PC (1TB) [Ryzen 3]

Serial number AF4H406445

Purchase Date: 01/04/2022

Cost: $799

Depreciation amount (10% SLM): $79.9

Closing Written Down Value: $719.1

Asset Details: Tourist Vehicle

Asset Description: Audi S6 

Serial Number: 1HGBH41JXMN102589

Purchase Date: 01/04/2022

Cost: $120999

Depreciation amount (10% SLM): $12099.9

Closing Written Down Value: $108899.1

Asset Details: Garden 

Asset description: 750 square meters with kid’s playing facilities and equipment. 

Purchase date: 01/04/2022

Cost: $5840

Depreciation amount (10% SLM): $584

Closing Written down Value: $5256

  1. Development of maintenance register

For computers: proper software updates to be seen in each day with regular cleaning of the hardware in order to prevent external damages (De Massis et al. 2018). Proper electricity power is to be provided along with earthing facilities.

For Vehicles: washing facilities and proper garage facility need to be provided along with monthly oil change and refuelling needs to be done. A driver with high experience is also required. 

For gardening and equipment: the gardener needs to be appointed along with basic necessities required for maintaining the garden(Ren, Tang, & Jackson 2018). Lawnmowers are required for cutting grasses grown in the garden and oiling in the equipment is also required for better workings.

Part C - Resource management strategy

  1. Development of maintenance regime

For computers, it is required to be made proper maintenance of the software and hardware along with installation and upgradation of anti-viruses. Maintenance needs to be done 3 months a year resulting in a minimal cost of $100 per maintenance. 

For Vehicles: it is required to be maintained properly the engines and the valves and motors by oiling and changing the damaged parts. It is needed to be done every month and shall consume a cost of around $400 per maintenance.

For the garden: regular maintenance is to be required for gardening and soil fertilisation. This can incur a cost of $50 for every maintenance and it is required to be maintained regularly.

  1. Details in the maintenance regime

1) Reporting and monitoring mechanism

In case of any complex issues found in the assets, it is required to be maintained with proper guidance. In the case of a computer system, if the computer software gets damaged due to certain reasons, the company should immediately take a backup of the data and should also repair or replace the machine based on the cost.

In the case of a vehicle, if the vehicle meets an accident or there is a loss of parts in the vehicle, the company should immediately repair the vehicle or should provide an extra emergency vehicle that will be working in the place of the damaged one(Pham et al. 2019). In the case of the garden, it is required to be maintained regularly with the proper equipment and lawn mowing every day is compulsory in order to avoid any kind of complaints raised by the guests.

2) provisions for collecting feedback from the customers: 

the company should ask for feedback from the customers after the usage of the assets. For example, in the case of vehicles, the company should ask for feedback from the customer related to the comfort and ride experience(Chams, & García-Blandón, 2019). In the case of proving a garden to the guest, the company should ask for feedback from the customer relating to the space, weather and facilities provided in the garden.

3) types of maintenance required: 

maintenance is required in the case of all the 3 assets along with other common maintenance. Other common maintenance includes maintenance of floor cleaning and fixing of non-working air conditioners, doors etc which are the basic requirements needed for the business.

4) Location of maintenance:

The location of work should be off-site in case of vehicles and computers as they are to be taken to the mechanics but in case of garden maintenance, it is been done at the place where the garden is situated as the garden is a non-moving asset. Thus, certain assets like vehicles and computers need to be maintained in a place out of the origin of these assets. 

5) expected duration for maintenance work: 

It is expected that maintaining the garden will maximum take a single day but in case of massive damage and repair required for vehicles and computers, it can take up to 2 to 3 days after using the asset effectively.

6) timing of scheduled maintenance of gardens

In the time of winter and summer, the garden is highly in demand by customers for conducting ceremonies, in this time gardens need to be maintained after the completion of a single ceremony in a day(Bombiak, E., & Marciniuk-Kluska, A . 2018). It can also lead to maintaining the garden twice and thrice a day. It can adopt a high maintenance cost in a single day.

7) disruptions to operation in the maintenance and how to solve them:

Many disruptions may arise in maintaining the assets. For example, if the period of a maintenance vehicle is near but the vehicle is now working then it can become difficult for the management to make proper maintenance of the vehicle. It can be solved by providing a replacement vehicle for a few days and after getting the main vehicle fully maintained, the management can use it(Boxall, & Purcell 2022).

8) WHS issues

WHS refers to Work Health Safety. It is the management who is solely responsible for any mishappens that have been faced by the employees or the guest. The management should look after the precautionary measures and emergency services in order to prevent issues such as if an employee or a guest gets harmed by any resource of the management then proper treatment and care to be provided by the organisation.

9) legal and regulatory requirements for physical assets: 

purchasing of physical assets creates an increase in the capital of the organisation that results in an increase in taxpaying to the government. It can be a legal requirement that the company needs to fulfil for the welfare of society. 

10) Summary of cost impacts for human resources.

For maintenance of the assets incurred by the organisation, the involvement of human resources is mandatory and for specific assets, specific humans are required and they are needed to be given a certain cost excluding the materials replaced or repaired. For maintenance of vehicles, mechanics charges a certain cost and these are required to be paid by the organisation.

11) Cost of scheduled maintenance in terms of parts and other stuff

For the maintenance of assets, certain other equipment is required such as in the case of maintenance of the garden, land mowers are required which costs a certain amount except the actual cost of repairing the land(Boon, Den Hartog, & Lepak 2019). For vehicles, the towing car is required to take the vehicle to the service centre.

12) provision for monitoring of the financial performance of assets over the budget made

There can be certain provisions for making the financial performance. The company budgets certain amounts for the maintenance of the assets Singh et al. 2020). When the company faces abnormal losses of assets, it requires more amount for the assets to get repaired and this can be a burden for the company. The company should keep a certain amount out of the maintenance amount as an emergency fund to bear the losses that occurred. 

13) review of calculations of the performance of the assets.

Review and proper audits are to be made on the value of depreciation of the assets as the values might be different based on the real performance.

References

  • Armstrong, M., & Taylor, S. (2020). Armstrong's handbook of human resource management practice. Kogan Page Publishers. Retrieved on 17th November 2022 from: http://lms.aambc.edu.et:8080/xmlui/bitstream/handle/123456789/172/Armstrongs%20Handbook%20of%20Human%20Resource%20Management%20Practice_1.pdf?sequence=1
  • Bombiak, E., & Marciniuk-Kluska, A. (2018). Green human resource management as a tool for the sustainable development of enterprises: Polish young company experience. Sustainability, 10(6), 1739. Retrieved on 17th November 2022 from: https://www.mdpi.com/2071-1050/10/6/1739/pdf
  • Boon, C., Den Hartog, D. N., & Lepak, D. P. (2019). A systematic review of human resource management systems and their measurement. Journal of management, 45(6), 2498-2537.Retrieved on 17th November 2022 from: https://journals.sagepub.com/doi/pdf/10.1177/0149206318818718
  • Boon, C., Eckardt, R., Lepak, D. P., & Boselie, P. (2018). Integrating strategic human capital and strategic human resource management. The International Journal of Human Resource Management, 29(1), 34-67. Retrieved on 17th November 2022 from: https://www.tandfonline.com/doi/pdf/10.1080/09585192.2017.1380063
  • Boxall, P., & Purcell, J. (2022). Strategy and human resource management. Bloomsbury Publishing. Retrieved on 17th November 2022 from: https://www.academia.edu/download/9887394/Strategy%20and%20Human%20Resource%20Management.pdf
  • Chams, N., & García-Blandón, J. (2019). On the importance of sustainable human resource management for the adoption of sustainable development goals. Resources, Conservation and Recycling, 141, 109-122. Retrieved on 17th November 2022 from: https://fardapaper.ir/mohavaha/uploads/2018/11/Fardapaper-On-the-importance-of-sustainable-human-resource-management-for-the-adoption-of-sustainable-development-goals.pdf
  • Collings, D. G., Wood, G. T., & Szamosi, L. T. (2018). Human resource management: A critical approach. In Human resource management (pp. 1-23). Routledge. Retrieved on 17th November 2022 from: http://117.3.71.125:8080/dspace/bitstream/DHKTDN/6530/1/Human%20Resource%20Management%20A%20critical%20approach.4528.pdf
  • De Massis, A., Audretsch, D., Uhlaner, L., & Kammerlander, N. (2018). Innovation with Limited Resources: Management Lessons from the G erman M ittelstand. Journal of Product Innovation Management, 35(1), 125-146. Retrieved on 17th November 2022 from: https://onlinelibrary.wiley.com/doi/pdf/10.1111/jpim.12373
  • Greer, C. R. (2021). Strategic human resource management. Pearson Custom Publishing. Retrieved on 17th November 2022 from: http://dspace.vnbrims.org:13000/jspui/bitstream/123456789/4407/1/Strategic%20Human%20Resource%20Management%20view.pdf
  • Kim, Y. J., Kim, W. G., Choi, H. M., & Phetvaroon, K. (2019). The effect of green human resource management on hotel employees’ eco-friendly behavior and environmental performance. International Journal of Hospitality Management, 76, 83-93. Retrieved on 17th November 2022 from: https://e-tarjome.com/storage/panel/fileuploads/2019-04-15/1555315816_E10907-e-tarjome.pdf
  • Pham, N. T., Thanh, T. V., Tu?ková, Z., & Thuy, V. T. N. (2020). The role of green human resource management in driving hotel’s environmental performance: Interaction and mediation analysis. International Journal of Hospitality Management, 88, 102392. Retrieved on 17th November 2022 from: https://publikace.k.utb.cz/bitstream/handle/10563/1009245/Postprint_1009245.pdf?sequence=3
  • Pham, N. T., Tu?ková, Z., & Jabbour, C. J. C. (2019). Greening the hospitality industry: How do green human resource management practices influence organizational citizenship behavior in hotels? A mixed-methods study. Tourism Management, 72, 386-399. Retrieved on 17th November 2022 from: https://e-tarjome.com/storage/panel/fileuploads/2019-08-19/1566214125_E12569-e-tarjome.pdf
  • Ren, S., Tang, G., & E Jackson, S. (2018). Green human resource management research in emergence: A review and future directions. Asia Pacific Journal of Management, 35(3), 769-803. Retrieved on 17th November 2022 from: https://scholarship.libraries.rutgers.edu/esploro/fulltext/acceptedManuscript/Green-human-resource-management-research-in/991031550235604646?repId=12643454430004646&mId=13643547530004646&institution=01RUT_INST
  • Saeed, B. B., Afsar, B., Hafeez, S., Khan, I., Tahir, M., & Afridi, M. A. (2019). Promoting employee's proenvironmental behavior through green human resource management practices. Corporate Social Responsibility and Environmental Management, 26(2), 424-438. Retrieved on 17th November 2022 from: https://www.researchgate.net/profile/Imran-Khan-145/publication/328388573_Promoting_employee's_proenvironmental_behavior_through_green_human_resource_management_practices/links/5cb02178299bf120975f8b5f/Promoting-employees-proenvironmental-behavior-through-green-human-resource-management-practices.pdf
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