“A ‘ghost asset’ is a component that is lost, stolen, or unusable… but is still listed as active in the fixed asset database. You want to maximize spares and avoid paying taxes on ghost assets you don’t possess, so the vanquishing of ‘ghosts’ is critical for your CAPEX optimization.
In the movie Ghostbusters, they vanquished the ghosts through the use of multi-pronged triangulation. That same approach can be done for finding ghost assets, where you hunt them with multiple different solutions. The most common and pervasive is the use of mobile solutions to scan valuable physical assets, inventory, and infrastructure throughout their lifecycle. On top of that, you can hunt them with OSS, BSS, and ERP systems, as well as e-polling technology.
When you have refreshed all connected system databases, you can then audit and reconcile the main asset database of record using CATS from Fulcrum Technologies. This will accurately update asset status for any assets that have vanished and do not appear in the audits. The reconciliation process can even match lost to found items - like if someone along the supply chain changed the label or if an asset comes back from repair with a different label. In that case, it wouldn’t necessarily be a ghost asset, as CATS would discern the match.
The best practice for keeping ghosts at bay? Scanning with the CATS mobile solution at every possible transaction point; receiving, warehousing, transfer, placed into service, sent to repair, and decommissioning / retirement / disposal. Then, reconciling the data in CATS to ensure the accuracy of every connected system, as well as the asset database of record.
If you want to call the (asset) Ghostbusters, just email info@Fulcrum.net.