Stanford is one of the largest research facilities in the United States. And because the federal government and other granting agencies sponsor funding for Stanford research equipment, the university’s processes for capital asset management are visible to the public. This provides an opportunity for asset managers to replicate the processes Stanford uses to manage and maintain millions of dollars of fixed assets.

The purpose of this article is not to show you how to implement the same processes as Stanford.  (Chances are your assets are very different than those managed by Stanford.) Instead, its purpose is to give you ideas about how you can improve asset management operations by seeing how best practices are implemented within a world class organization.

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