Stages Of Asset Life-Cycle Process

B2B Exports LLC

Planning:- This is the first stage of maintaining the asset life cycle, which holds the actual purchase of an asset.
Deployment:- In this stage, all the action takes place before the asset is finally used.
Utilization/maintenance:- Asset is finally put to good use for which it was purchased. This stage is the longest stage of asset life cycle management.
Disposal:- Data collected throughout the life of assets will allow leadership to make better decisions. Assets slated for disposal are retrieved or quarantined as needed.