In this article:
- Asset management is the foundation of supply chain, just like supply chain is the foundation of business.
- Asset records are the lynchpin of digital transformation.
- When collected on one platform, asset record information will enable aggregate business intelligence that will serve all players.
Until recently, supply chain had been famous for being the invisible business function. That’s been changing in the last few years, especially since the disruptions caused by COVID-19.
There is, however, an invisible function within supply chain: asset management. It’s been invisible because, in supply chain, procurement is sexy. Contract negotiation is sexy. Disposition could be sexier once people realize how much they could be making …but that’s another story. Poor old asset management sounds unheroic by comparison.
Here’s why fully digital asset management is what’s in.