Circular Economy - Reverse Logistics and Equipment Re-Use
During swap or upgrade decommissioned assets must be tracked, recovered and allocated for optimal re-use or controlled disposal
Re-use strategies are often constrained by a lack of traceability, control and data quality for decommissioned or idle assets. The opportunity for CapEx cost avoidance through re-use (‘sweating’ of assets) is not fully realized as a result.
Even the most experienced engineers have difficulty interpreting a list of technical inventory without the necessary item profile and BoM data which allows an understanding of technical profile and use.