Final answer:
The component not part of an asset's lifecycle is 'Request'; the lifecycle includes procurement, receipt, consumption, and disposal.
Step-by-step explanation:
The component that is not part of an asset's lifecycle is Request. An asset's lifecycle typically includes stages such as procurement (the process of acquiring the asset), receipt (when the asset is received and confirmed), consumption (the use of the asset until it's no longer usable), and disposal (the process of discarding the asset after its useful life).
Requesting an item can be part of internal processes in a company but is not considered a direct component of an asset's lifecycle, which tracks the physical and accounting status of an asset from acquisition to disposal.