What is the purpose of a resource audit?

The purpose of a resource audit is primarily focused on assessing and deploying core competencies within an organization. This process involves evaluating the strengths and weaknesses of a company's resources, which can include human, financial, physical, and technological assets. By understanding these core competencies, businesses can strategically allocate resources to enhance their operational efficiency and create a competitive advantage.

Identifying and leveraging strengths ensures that an organization is not only aware of what it does well but also able to optimize these capabilities in its strategic planning and decision-making processes. This can lead to more effective deployment of resources towards areas that will yield the greatest benefit and impact on overall performance.

Conducting a resource audit can facilitate better alignment of internal capabilities with external market demands, thereby enabling organizations to adapt to changing conditions and strengthen their market position.