Asset Life Management Systems
Asset Life Management System (ALM) is considered one of the integral components of Government Resources Planning Systems that can benefit all Government Departments in following up their mobile and static asset life cycles. ALM contains state of the art functions and tools that can follow up the life cycle of an asset from the day it is purchased, to where it is preserved and how it is used. The system launches periodical maintenance operations for the asset and tracks the asset’s operational expenses. Furthermore, the solution tracks and maintains the details of the asset write off details in terms of book value at retirement, cost of retirement, asset sale and the gain or loss from the asset disposal.