Asset disposition is a process designed to track repairable assets and stock items. The process tracks the asset or component from when it is removed fro service to where it is either retired, scrapped, or repaired and returned to availability for re-use.

Material disposition processing involves creating a work order to remove then replace a broken asset or component. The asset must be flagged as repairable.

In creating the work order and related activities, the resource requirements must indicate that a replacement asset must be checked out from a storeroom to replace the broken one. In order to fulfill these requirements, users must create a material request and material issue for the asset. A Material Disposition record is automatically created as a result of these material requirements being fulfilled, and the replacement asset and the broken asset are added on the material disposition as line items. Note that new records are not created directly in the Material Disposition portal. They must be generated automatically by this processing.

The person responsible for material disposition should navigate to the Material Disposition portal to complete the steps within the system to remove the broken asset and move it to a pending disposition status while moving the replacement asset to an installed status. This is done using the Complete Exchange option. When completing the complete exchange process, the system prompts for information such as the actions to perform on the assets, status reason, new storeroom as applicable, and dispositioning dates and times.

The actual assets should also be swapped as applicable toward completing the initial work order and activity.

Your business process may then require that you create a follow up work order to repair the broken asset using the Create Work Order action from within the Material Disposition portal.

Once a ‘repairable’ asset has been pulled from the field and repaired through Material Disposition, it can be returned to a storeroom with a new valuation. The stock item detail for the asset will show a repaired price, as applicable.

You can review the costs and other statistics related to the replacement and repair of assets by reviewing the actual Asset record in the Cost Information section.