Businesses can adopt several strategies to extend the life of their assets:
Regular Maintenance: Implementing a scheduled maintenance program ensures that assets are kept in optimal condition. Training Employees: Providing proper training to employees on the correct usage of assets can reduce misuse and damage. Upgrades and Refurbishments: Periodic upgrades and refurbishments can extend the functional life of assets. Environmental Conditions: Controlling environmental factors, such as temperature and humidity, can prevent premature deterioration.