Asset Lifecycle
The asset lifecycle is the complete journey an asset takes from its initial acquisition through deployment, maintenance and reuse, all the way to its final retirement or recycling. Understanding each stage of the asset lifecycle helps organizations plan effectively, extend usage and reduce unnecessary replacements.
In supply chain and logistics, lifecycle management is key to controlling costs and achieving sustainability goals. By knowing where each asset is in its lifecycle, businesses can schedule maintenance, improve turnaround times and ensure maximum utilization before replacement. This approach reduces waste and supports circular supply chain practices.
Connected Load Carrier provides real-time lifecycle visibility through IoT-enabled tracking and analytics. This helps companies make smarter, data-backed decisions about asset deployment, maintenance and reuse, leading to lower costs and a more sustainable supply chain.
