Businesses continue to view assets merely as items on a balance sheet rather than as entities that changes overtime. This leads to “ghost assets”, which are items that appear on the ledger but are physically missing or unusable.<\/p>\n
In a recent study done by Kroll on companies around the world, it was revealed that on a typical fixed-asset register, around 10%-30% of assets listed are ghost assets<\/a>. Asset Lifecycle Management (ALM) provides a strategic way to address this inefficiency<\/p>\n This guide explores how ALM works, which includes its stages, methods, and the substantial impact it has on businesses.<\/p>\n \r\n\r\n\r\n\r\n