What action can help save replacement and disposal costs for Shelf-Life assets?

Inspecting, testing, or restoring assets is an effective action to save replacement and disposal costs for Shelf-Life assets because it allows organizations to determine whether the assets are still usable or can be made safe for continued use. This approach helps to maximize the lifespan of items, preventing unnecessary replacements, which can be costly. By conducting thorough inspections and tests, it is possible to identify products that may be still within acceptable limits despite being near or slightly beyond their shelf-life, allowing them to be utilized effectively rather than discarded.

Additionally, restoring assets can involve taking measures to bring items back to their optimal functional state, which further reduces waste and the financial burden related to disposing of expired materials and sourcing replacements. This proactive management of assets aligns with best practices of maximizing resource efficiency and sustainability in operations.