Practical Asset Management Questions
Consumables, inventory and stock, automation, asset flows, tasks, contract management, and retirement.
About Practical Asset Management
Practical Asset Management covers day-to-day HAM operations including consumable tracking, inventory and stock management, automated asset flows and tasks, contract lifecycle, and asset retirement processes.
Why This Matters for Your Exam
This is the largest domain at 30% of the exam. Questions focus on consumable management, inventory tracking, stock rules, transfer orders, asset flows for automation, asset tasks, contract management, and the retirement/disposal process.
Key Concepts to Master
Understand the difference between assets and consumables. Master inventory tracking with stockrooms and transfer orders. Know how asset flows automate lifecycle transitions with tasks. Understand the retirement process and disposal options.
Exam Tips
Consumables are tracked by quantity, not individually. Stock rules trigger automatic reordering. Asset flows define the sequence of tasks for lifecycle events. Retirement moves assets through states before final disposal.
Practice Questions
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