There are four different kinds of asset recovery services. These services, also known as investment recovery or resource recovery, are used by companies and businesses both big and small. They are designed to help companies regain as much capitol as possible from assets that have are no longer useful. Assets lose their usefulness for many reasons, which can include an expired shelf-life, improper use, or lost market value. The four kinds of asset recovery services are the identification of idle assets, the redeployment of these assets, the selling of the idle assets, and finally the determination of the way in which the assets are sold.
The identification of idle assets is one of the most important tasks of asset recovery services. An idle asset is a piece of equipment that is simply not being used. This is an important part of resource recovery because unused equipment actually decreases in value over time, causing the company to lose money by holding on to the unused asset.
An investment recovery service is necessary for idle asset identification because many companies have trouble locating their own unused or misused assets. This happens most often with cases of international asset recovery. In these cases, the assets may be in different locations around the world and in the possession of entirely different entities.
Redeployment is another of the important and effective asset recovery services. Redeployment is simply a way of putting an idle asset to use. Instead of holding on to a piece of equipment with depreciating value, a company may choose to redeploy that asset to another division where it can actually be put to use.
Redeployment is not always possible. When this is the case, an investment recovery service may decide to sell the assets. They may decide to sell scraps, unused or unmarketable products, and dated pieces of equipment that can no longer be put to use in a safe or effective manner. These sales may be very creative, allowing assets that are no longer useful in one industry to take on new life in another.
Once a investment recovery specialist has decided that selling assets is the best decision, he or she must determine the way in which the assets will be sold. There are a number of different options here. Among the most common are auctions, fixed sales, private sales, and outsourced sales processes. In some cases, when assets cannot be sold, a specialist may decide that recycling or scrapping the assets is the only option.