Oracle Fusion Business Process Models: 17 Asset Lifecycle Management (Doc ID 1578174.1)
17 Asset Lifecycle Management
Definition: The Asset Lifecycle Management process guides organizations in the initial planning and budgeting of an asset through the end-of-life disposal of the asset. Organizations can optimize asset utilization and exercise complete control over the financial management of their assets. Users can: budget for asset requirements; purchase, lease, or construct assets; prepare or deploy assets; capitalize, depreciate, or utilize assets; and dispose of assets at the end of their life cycle. This process supports complex accounting requirements from acquisitions through disposals and provides the ability to integrate across processes to enable automation in purchasing assets, management and capitalization of construction projects, and final accounting for each of these key events.
L1: 17 Asset Lifecycle Management
L2: 1702 Acquire Assets
L2: 1704 Utilize Assets
L2: 1707 Retire Assets