Surplus Asset Identification = Reduced Risk + Higher ROI

APPRAISAL/VALUATION, ASSET IDENTIFICATION, GENERAL IR ISSUES

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, a key step in successfully completing that third phase of the materials management process.

Surplus asset identification is broader and more inclusive than most would consider. Surplus asset identification involves:

 

  1. Identifying the sources of information on existing and future surplus;
  2. Identifying the physical location of the surplus;
  3. Developing an inventory and cataloging protocol;
  4. Recording the cataloged data in a database to facilitate reuse or sale.
IR Learning Center
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IR Learning Center
  • One-of-a-kind education: Gain access to all content on the IRA’s exclusive Learning Center
  • Industry pulse: Receive the IRA’s trade journal ASSET 2.0 for the latest trends, innovations, and association news
  • Get certified: Elevate your professional status by accessing CMIR study materials and certification

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