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.