Concept
Asset Lifecycle
The asset lifecycle represents the full journey of an asset—from acquisition and active use to maintenance, retirement, and replacement.
Asset Lifecycle
The asset lifecycle describes the journey of an asset from purchase to retirement.
Stages
Planning & Procurement
Acquisition & Deployment
Active Use
Maintenance & Optimization
Retirement & Replacement
See: Asset Tagging
See: Custody
See: Bookings
See: Asset Reminders
Why Lifecycle Management Matters
Helps forecasting, reduces cost, and increases operational readiness.
Shelf's Role
Shelf supports tagging, reminders, dashboards, custody, bookings, and repair logs.