Industrial manufacturing and plant operations’ professionals all have a common need to find a solution for managing surplus assets so they can focus on their many other responsibilities. Whether that consists of idle assets no longer contributing to daily operations or an entire plant closure due to consolidation of operations that needs to have all assets inventoried, valued, and redeployed or sold; successfully managing surplus assets is an important component of a healthy supply chain. Research suggests that nearly $150 billion worth of underutilized or surplus assets currently exist, and that’s a lot of potential value on the table for businesses challenged to find cost reductions or enhance cash flow and streamline operational processes.
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