2013 npma fall conference value through professional asset management the lifecycle of an excess...
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2013 NPMA Fall ConferenceValue Through Professional Asset Management
The Lifecycle of an Excess Asset at Stanford University
Presented by Ivonne Bachar, CPPM CF
Director, Stanford University PMOPrepared in collaboration with
Stan Dunn, CPPM , Assoc. Director and Alex Perez, SPS Manager
November 13, 2013
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2013 NPMA Fall ConferenceValue Through Professional Asset Management
Our “City”
8,200 acres, 670 major buildings (13.1 million square feet)
5th largest employer in Silicon Valley
11,000+ administrative staff
15,200 undergraduate and graduate
students across seven schools,
representing every US state and 88 other
countries
1,900 professorial faculty
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2013 NPMA Fall ConferenceValue Through Professional Asset Management
Property Management - Context
Systems used: SPARC, Sunflower, Oracle
Capital Threshold: $5K• Sunflower broader superset of records
Excess/Disposal policy includes all items except land and buildings
A few Excess-related facts as of 8/31/13• 872 open Sponsored Awards w/Property Activity• Excess Requests – 2,502• Excess Item Count – 16,997• Reuse item count – 976
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2013 NPMA Fall ConferenceValue Through Professional Asset Management
Surplus Property Sales• Self-Funded Auxiliary• 2.5 FTE• Onsite sales area• Store Hours: Wed 9-4, Thurs 8-12
Furniture Reuse Program• In place for 4 yrs.• 1 FTE• Items held in off-site warehouse• Inventory turnover target: 90 days• Furniture Reuse Warehouse Hours: Tues 8-4, Thurs 1-4
(by appointment)
Property Management – Context
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2013 NPMA Fall ConferenceValue Through Professional Asset Management
Organizational Perspective
VP for Business AffairsChief Financial Officer
AVP of Research Compliance and Financial Services
DirectorProperty Management Office
DirectorSponsored Receivables Mgmt.
DirectorPolicy and Compliance
DirectorResearch Financial Reporting
DirectorCost and Management Analysis
ResearchManager
Financial Compliance Manager
Assoc. Director
DepartmentProperty
Administrators
Disposal and Sales Team
Inventory Team
Research Mgmt. Team
FinanceTeam
AVP of Financial Management Services Operations
300+ Departments~200 DPAs
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2013 NPMA Fall ConferenceValue Through Professional Asset Management
Excess Process
SaleorRecycle
Available forCampusReuse
CollectionAndAssessment
AgreementTransfer
DepartmentDeclare Excess
Custodians & DPAs
PMO
Surplus Sales
PMO
Surplus Sales PMO
Note: All asset disposal requests are reviewed by PMO for any potential restrictions or other issues prior to collection
approval
GenerateExcess orDispositionRequest
Final Event
Retirement FinancialAdjustments
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2013 NPMA Fall ConferenceValue Through Professional Asset Management
Excess – Step I
DepartmentDeclare Excess
Occur Daily From any original funding source Initiators of Excess Requests
• Must be authorized DPAs Custodians Others, as authorized
Key Participants• PMO• Environmental Health & Safety• PSSI
Concludes when item prepared for movement
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2013 NPMA Fall ConferenceValue Through Professional Asset Management
Excess – Step II
Available forCampusReuse
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2013 NPMA Fall ConferenceValue Through Professional Asset Management
Excess – Step III
Distributed Systems Requires Authorized Access Stewardship and Finance Included in DPA Training Primary Disposal Options
• Reuse• Sale• Scrap• Transfers• Return to Sponsor• Recycle
GenerateExcess orDispositionRequest
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2013 NPMA Fall ConferenceValue Through Professional Asset Management
Excess – Step IV
Joint effort – SPS/DPAs Planning of campus route Handling off-campus items Turn-around time Assessment Physical collection and relocation Biohazard items handled per EH&S Policies Resources
CollectionAndAssessment
AgreementTransfer
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2013 NPMA Fall ConferenceValue Through Professional Asset Management
Excess – Step V
SPS External Recycling Service Provider Various Sales Methods Customer Communications Transfers Primarily Cash Sales Staff & Departmental Discounts Listed in “Stanford Sweeteners”
Sale orRecycle
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2013 NPMA Fall ConferenceValue Through Professional Asset Management
Excess – Step VI
Key Participants• PMO• Capital Accounting• ACO, PCO, Sponsor Representatives
Special sales on individual invoices Weekly deposits Checks and Balances in process Crediting of Sales Proceeds Distribution of Sales Proceeds
Final Event
Retirement FinancialAdjustments
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2013 NPMA Fall ConferenceValue Through Professional Asset Management
Transfers
Key Participants• Department Personnel• PMO• Export Control• ACO, as needed
Key points considered• Asset funding source• Title• Status of accountable agreement• Ongoing need• Asset type and age• Net Book Value
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2013 NPMA Fall ConferenceValue Through Professional Asset Management
Campus Cleanup Partnership with sustainability Planning committee
• Representatives from PMO, LBRE, Labor Shop, PSSI, Schools• Campus communications
Building and Zone Managers, DPAs, Campus Report, etc. Initially held annually; now biannually 2013 Fall Campus Clean-up
• SPS collected 78 pallets of electronics and recyclable materials ~750 Lbs. each = 58.5K lbs 825 Barcoded items
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2013 NPMA Fall ConferenceValue Through Professional Asset Management
Data Security
Process Approved by• Information Security Office• SoM Information Technology
Secured Data Destruction Area• Restricted Access• Dban v 2.2.7• 12-unit wipe station• Tape/Drive Shredder
Shred hard drive platters; recycle balance Campus Encryption Project in process
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2013 NPMA Fall ConferenceValue Through Professional Asset Management
The significant spike in FY12 was due to the closure of the Graduate School of Business, allowing long-term access to a very large volume of high-quality furnishings, and extensive efforts to maximize reutilization.
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2013 NPMA Fall ConferenceValue Through Professional Asset Management
Disposal Activity
Collection Activity• Items collected by SPS personnel approx. 2.5 days/week• Average of one item every 3 minutes
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2013 NPMA Fall ConferenceValue Through Professional Asset Management
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2013 NPMA Fall ConferenceValue Through Professional Asset Management
FY13 Sales Origins
The majority of sales involve non-capital equipment items. Most capital sales are high-dollar transactions, and reflect the
majority of monies returned to departments.
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2013 NPMA Fall ConferenceValue Through Professional Asset Management
Challenges
Predictability (?) of inventory Offsite excess items
• Local• In U.S., but not local• International
Ongoing process awareness Small number of staff Annual break-even expectation Move to use of “light or zero clients” for desktop computing
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2013 NPMA Fall ConferenceValue Through Professional Asset Management
Q & A