#Asset inventory management software free software#
The right software allows you to see where assets are located, how they are being used, and if any changes have been made to them recently. Keep Tabs on Asset Whereabouts: Asset management is crucial to tracking the physical location of your assets.Maintain Central Asset Repositories: Storing data in one place makes it easier to generate reports for maintenance scheduling decisions, claim warranties, and apply for asset insurance/financing services.
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There are four different types of inventory, including: Inventory, on the other hand, refers to both raw materials used during production processes and finished products available for sale. Examples of assets include vehicles, machinery, furniture, computer equipment, intellectual property, and even digital formats such as webinars. Without assets you wouldn’t have a business you would have groups of people standing around with nothing to do!Īssets fall into several categories, including operating, non-operating, physical, intangible, current, and non-current assets. Put simply, assets are resources that help organizations meet their production and service objectives.
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This begs the questions: what are assets? And what is inventory?Īccording to the Corporate Finance Institute, assets are items that generate “positive economic benefits for organizations.” What Is an Asset Inventory Management System?Īsset inventory management is a crossbreed between asset management and inventory management.