What is retirement in SAP (IS-EC-CEM - Construction Equipment Management)?

SAP Term: retirement

• Component: IS-EC-CEM

• Component Name: Construction Equipment Management

• Description: A transaction type with which equipment is sold, scrapped or returned to an external rental service. The physical "retirement" of equipment when it is sent from one usage site to another usage site is referred to as shipping.

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• Key Concepts: 
  Retirement in SAP IS-EC-CEM Construction Equipment Management is the process of removing an asset from active use. This can be done for a variety of reasons, such as when an asset is no longer needed or when it has reached the end of its useful life. The retirement process involves recording the asset's final value and any associated costs, such as disposal fees. 
  
  How to Use It: 
  In SAP IS-EC-CEM Construction Equipment Management, retirement is initiated by entering the asset's retirement date in the system. This will trigger a series of steps that must be completed in order to properly retire the asset. These steps include recording the asset's final value, any associated costs, and any other relevant information. Once these steps are completed, the asset will be marked as retired in the system. 
  
  Tips & Tricks: 
  When retiring an asset in SAP IS-EC-CEM Construction Equipment Management, it is important to ensure that all relevant information is recorded accurately and completely. This includes the asset's final value, any associated costs, and any other relevant information. Additionally, it is important to ensure that all necessary steps are completed in order to properly retire the asset. 
  
  Related Information: 
  For more information on retirement in SAP IS-EC-CEM Construction Equipment Management, please refer to the official SAP documentation. Additionally, there are a variety of online resources available that provide detailed instructions on how to properly retire an asset in SAP IS-EC-CEM Construction Equipment Management.