Sitehound Unleash Your Data

Using Asset Lifecycle Management to Improve Your Supply Chain

A successful ALM implementation starts by identifying key areas and key performance indicators for improvement and creating a strategic long-term vision.  According to the Gartner Group, a company that effectively and efficiently implements an automated Asset Lifecycle Management (ALM) program can anticipate a saving of 15-20 per cent of the Total Cost of Ownership. 
That is because ALM is the complete end-to-end management of equipment through each of the lifecycle stages, from acquisition to receipt, return, warehousing, order fulfillment, transportation, installation, maintenance, sparing, repairs, decommissioning, redeployment, and finally retirement. 

Explore more blogs posts