How to Manage Asset Disposal with EAM Software

1. HOW TO MANAGE ASSET HOW TO MANAGE ASSET DISPOSAL WITH EAM DISPOSAL WITH EAM SOFTWARE? SOFTWARE?

2. INTRODUCTION TO ASSET DISPOSAL IN EAM INTRODUCTION TO ASSET DISPOSAL IN EAM Asset disposal marks the final step in the asset lifecycle and is essential for financial transparency, compliance, and sustainability. Ensures lifecycle completion Reduces compliance risks

3. CHALLENGES IN MANUAL DISPOSAL PROCESSES CHALLENGES IN MANUAL DISPOSAL PROCESSES Manual asset disposal is often inconsistent, lacks documentation, and disconnects from financial tracking. This results in compliance risks, unrecorded losses, and ineffective audit trails. Without systemized processes, businesses lose opportunities to recover value and face legal or regulatory consequences due to poor disposal visibility. No real-time traceability Missed depreciation track

4. Role of EAM in Asset Role of EAM in Asset Lifecycle Management Lifecycle Management Enterprise Asset Management (EAM) software covers the complete asset lifecycle—from acquisition to disposal—offering centralized control, integration with finance, and regulatory alignment. Tracks asset lifecycle phases Integrates with financial systems

5. DISPOSAL PLANNING WITH EAM DISPOSAL PLANNING WITH EAM EAM helps identify assets for disposal using performance indicators, age, and maintenance costs. Automated end-of-life triggers ensure assets are flagged early, while planning tools allow for timely execution, budget allocation, and coordination across maintenance and finance teams. Uses performance data and age Applies end-of-life thresholds

6. EXECUTING DECOMMISSIONING EXECUTING DECOMMISSIONING WORK ORDERS WORK ORDERS Decommissioning is a controlled process involving dismantling, safety checks, and documentation. EAM software automates work order generation and assigns tasks with step-by- step instructions to ensure safety, compliance, and timely removal of assets from operational use. Automated work order creation Role-based task assignment

7. Financial Reconciliation & Residual Value Recovery Asset disposal requires accurate financial reconciliation. EAM updates asset ledgers, calculates depreciation, salvage or resale accounting accuracy and supports better investment decisions by reflecting the true value of disposed assets. Tracks depreciation schedules Captures residual or resale value and This captures ensures value.

8. Ensuring Environmental & Regulatory Ensuring Environmental & Regulatory Compliance Compliance EAM ensures assets are disposed of in accordance with environmental, health, and safety (EHS) standards. It logs hazardous materials, manages compliance certifications, and creates audit-ready records to avoid penalties and support corporate sustainability initiatives. Logs hazardous materials Generates disposal certificates

9. Measuring Disposal Efficiency with Measuring Disposal Efficiency with KPIs KPIs EAM software tracks disposal KPIs to evaluate performance and identify improvement areas. Metrics like time- to-dispose, recovered asset value, and compliance incidents offer insight into the effectiveness of your asset retirement process. Disposal time and cost metrics Recovered value percentages

10. TRANSITIONING FROM CMMS TO TRANSITIONING FROM CMMS TO EAM FOR ASSET DISPOSAL EAM FOR ASSET DISPOSAL Moving from CMMS to EAM enables a full lifecycle approach, especially for disposal. EAM offers better financial integration, workflow automation, and compliance tracking—making it ideal for organizations managing large asset inventories. Identify feature gaps in CMMS Pilot disposal modules in EAM

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