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Collaborative Asset Lifecycle Management Vision and Strategies
Capital asset management is once again becoming a key managerial concern.
Organizations that have been focusing on developing new products,
expanding services, and making supply chains super-efficient are now facing
challenging markets and expensive overcapacity. Survival demands
that they reduce their cost basis and capital assets, one of their largest expenses,
which are becoming the target for these efforts.
Discussions about postponing asset purchases and eliminating non-critical
assets are dominating many executive agendas. But lack of information
makes any decision a gamble. The importance of an effective capital asset
management strategy that minimizes the need for such discussions and
enables executives to confidently make necessary
decisions is becoming painfully clear.
Manufacturers are used to market swings and frequently
adjust their product inventories to match
reduced demand forecasts. The rapidity of this
“inventory alignment” for the current situation is
clear testament to the effectiveness of new supply
chain management technology. But the persistence
of this slowdown is forcing all organizations
to consider the more complex issue of “structural