Equipment Management is the process of managing the acquisition, maintenance, and disposal of equipment used in a business or organization. It involves tracking the condition of the equipment, scheduling maintenance and repairs, and ensuring that the equipment is in compliance with safety regulations. Equipment Management also includes the monitoring of inventory levels, ordering new equipment, and disposing of old or obsolete equipment. It is an important part of Maintenance Operations and Management, as it helps ensure that the equipment is in good working order and is available when needed. Equipment Management is also referred to as Asset Management or Fixed Asset Management.