It is essential for a business to have an efficient and effective internal control framework for the management of fixed and mobile assets. Effective asset lifecycle management plays a pivotal role in ensuring workplace safety and optimising operational efficiency. The long-term benefits of a well-managed asset lifecycle extends beyond immediate operational considerations, contributing to overall resilience, efficiency, and the fulfillment of Work Health and Safety (WHS) Duty of Care responsibilities.
In this InMotion, we explore the key aspects of Asset Lifecycle Management and supporting strategies.