How is "asset visibility" defined in materiel management?

In materiel management, "asset visibility" is defined as the ability to track and manage materiel throughout its lifecycle. This concept encompasses the monitoring of assets from the time they are acquired until they are disposed of, ensuring that organizations can account for their resources at every stage. This visibility aids in optimizing inventory levels, improving efficiency, and reducing waste by allowing decision-makers to make informed choices based on real-time data regarding the location and condition of assets.

The emphasis on tracking and management highlights the importance of having accurate and timely information about materiel. This capability enables organizations to quickly respond to changes in supply and demand, ensure that the right items are available when needed, and maintain accountability for all assets.