Investment recovery (IR) represents the third phase of Supply Chain or Life Cycle Management: First, acquire the asset; second, control it while in use; and finally, dispose of the asset. Surplus asset identification is the initial, and therefore, key step in successfully completing that third phase of the materials management process.
You are sitting at your desk, toiling over the daily reports, when your inbox chimes. You’ve just received a notice from one of your internal customers that he has a nice piece of machinery that needs to be sold in a short time frame. All of the required releases and specifications are attached to the email but none of the financial information (original purchase price or net book value) is included. You are free to market the asset but you don’t normally deal in these assets and don’t have much