How to Find and Remove Every Single Ghost Asset

What’s a Ghost Asset?

A ghost asset is a lost, stolen, or unusable component still active in the fixed asset database. You want to maximize spares and avoid paying taxes on ghost assets you don’t possess. Thus, conquering ghost assets is critical for your CAPEX optimization.

The most pervasive is the use of mobile solutions to scan valuable physical assets, inventory, and infrastructure throughout their lifecycle. In the movie Ghostbusters, they defeated the ghosts through multi-pronged triangulation. That same approach can be made for finding ghost assets, where you hunt them with multiple solutions. On top of that, you can track them with OSS, BSS, and ERP systems, as well as e-polling technology.

When you refresh all connected systems, you can audit and reconcile the central asset database of record using solutions by Fulcrum. This will accurately update the asset status for any assets that have vanished and do not appear in the audits. The reconciliation process matches lost to found items, such as if someone changed the label or asset returns from repair with a different tag. In that case, it wouldn’t necessarily be a ghost asset, as the system would discern the match.

What is the best practice for keeping ghost assets at bay? Scanning with the Sitehound's mobile solution at every possible transaction point. Such as receiving, warehousing, transfer, and placing into service; she was sent to repair, decommissioning, retirement, and disposal. Then, reconciling the data in Sitehound's solution ensures the accuracy of every connected system and the asset database of record.

If you want to call the (asset) Ghostbusters, just contact us here.