Surplus Asset Management

Use these resources to manage your surplus assets

Now live at Baker Hughes

AssetLink

We’re implementing a brand new system, AssetLink. Designed from the ground up to simplify the process and expand coverage to new asset classes and location types.

In most businesses Baker Hughes follows a 3-step process to manage Used & Surplus Assets.

Program Overview

Identify & Spec

Capture assets in-situ or load via bulk into AssetLink, our Asset Specification & Approvals tool.

  • Capture Assets In-Situ or Bulk
  • Send for Finance & EHS Approvals (based on Location)
  • Send directly to Redeployment or Remarketing channel
  • No Cost or Fee

Redeploy Internally

Give Baker Hughes colleagues in-business and across Baker Hughes an opportunity to request a Transfer.

  • View Assets Available across Baker Hughes
  • Customizable Email Notifications
  • Create Wanted Asset Ads
  • Asset Procurement Services to support in-direct sourcing needs
  • No Cost or Fee

Compliant Disposition

A proven process for Maximizing gross proceeds using a compliant and trusted process. With Export Control, EHS, KYC and AML at the core.

  • Over 12,000 trusted buyers
  • Over 150,000 assets sold
  • Over $110,000,000 Gross Sales

Proven across 28 countries and 30+ asset classes, from Machine Tools to Scrap Materials.

Managing Idle & Surplus Assets

How does Asset Redeployment work?

All redeployment activities are now managed within AssetLink

Transferring between different LEs

For items transferred between two different legal entities, the transfer price will be based upon the assets Fair Market Value (FMV).

Transferring within the same LE

For items transferred within the same legal entity, the transfer price will be based on the Net Book Value (NBV).

Accounting Treatment

This system facilitates the capture, transfer request, and approval between parties, accounting treatment / financial transactions take place offline in the business’ financial system of record.

System Driven

Costs for disassembly, rigging, packaging and transport are to be funded by the entity that is requesting the equipment.

Key Contacts & Processes

Samuele Casalini

Global Asset Manager

For all Remarketing / Equipment Sale enquiries, please contact:

John Mader

Global Remarketing Leader, Chain AMS

John.Mader@chainams.com

Our Baker Hughes & Legacy GE Customers

We work day-in, day-out with Baker Hughes locations around the world to maximize the ID, Redeployment and Remarketing of idle / surplus assets.

Not familiar with our program?

Connect with us now to learn more

Copyright Chain Asset Management Solutions.

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