Asset Management

Asset management refers to the process of identifying, acquiring, maintaining and disposing of the physical assets that are used in the manufacturing process. These assets include things like machinery, equipment, vehicles and other forms of industrial infrastructure that are essential to the production process. The goal of asset management in manufacturing is to ensure that the organization's assets are being used in the most efficient and effective way possible and that they are properly maintained to maximize their value and performance over their useful life.

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Asset Management Continued