Templates
Supply Chain
SAP Asset Management Process Flow
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SAP Asset Management Process Flow

1
Identify the need for an asset
2
Approval: Asset Requirement
3
Prepare asset specification
4
Identify potential vendors
5
Assess and select vendors
6
Approval: Vendor Selection
7
Negotiate Price and Conditions
8
Initiate Purchase Order in SAP
9
Approval: Purchase Order
10
Receive and inspect the asset
11
Enter asset details into SAP
12
Assign depreciation schedule for asset
13
Confirm asset setup in SAP
14
Approval: Asset Setup
15
Place the asset into service
16
Monitor the assets performance and efficiency
17
Perform regular maintenance and valuations
18
Update asset value in SAP
19
Decommission or disposal of asset when required
20
Approval: Asset Decommission or Disposal