Surplus Property Management involves the process of handling and disposing of excess or unused assets owned by an organization. This can include items like furniture, equipment, and vehicles that are no longer needed. The goal is to maximize the value of these assets through sales, donations, or recycling, while ensuring compliance with relevant regulations. Effective surplus property management helps organizations reduce storage costs and improve efficiency. By systematically tracking and managing surplus items, organizations can make informed decisions about their assets, ultimately contributing to better resource allocation and sustainability efforts.