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Asset Recovery is a trade term used to describe the process of reselling equipment from a business in the process of going through bankruptcy or foreclosure. An asset recovery company will purchase the equipment at a discounted price and resell it for a profit, giving some, if not most, of the money back to the ailing company or creditors. Asset recovery is a business process for optimizing the residual value of assets that are: 1) scheduled to become inactive, 2) underutilized or 3) already inactive. Effective Asset Recovery includes executable and sustainable management strategies throughout the Asset Life Cycle to dramatically improve business performance. The Asset Life Cycle starts when a company identifies a need for an asset, then moves into the acquisition phase where the asset becomes tangible or real, then moves into the operational phase where the asset is used for its intended purpose. At the point in time when assets become surplus at their current facility/location the asset enters the Disposition Phase of the asset life cycle. Assets become surplus for a variety of reasons, including: evolving business requirements, corporate direction, obsolescence, underutilization or wear and tear. There are several terms used to describe the Disposition phase of the asset life cycle, “Investment Recovery”, “Asset Management”, “Disposal Management” or “Asset Recovery”, but regardless of what you call it, the objective is to optimize the residual value of the surplus (unused or under-utilized) assets. Wiki asset recovery
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CRTs through landfills or incineration. project Sarbanes Oxley act forum Sarbanes Oxley act forum In October 2001, the United States Environmental Protection Agency created rules stating that CRTs must be brought to special recycling places. Project management training Sarbanes Oxley compliance news Sarbanes Oxley compliance news in some jurisdictions, discarded CRTs are regarded as toxic waste. Project managers Sarbanes Oxley news Sarbanes Oxley news the glass envelopes of modern CRTs may be made from heavily leaded glass, which represent an environmental hazard. Project management certification snipe an auction snipe an auction Computer monitors may contain toxic phosphors within the glass envelope. Microsoft project