Asset Tracking Essentials — Assessment

Assets are cheaper Assets are used to operate the business; inventory is bought to sell or consume There is no difference Inventory lasts longer

Dispose → acquire → assign Acquire → assign → move/maintain → dispose Sell → reorder → count Assign → acquire → sell

Deletes the asset Assigns responsibility to a person or location Sells it Depreciates it instantly

To confirm records match what is physically present and its condition To raise prices To issue stock To email staff

They do not They underpin depreciation and insurance and avoid paying for things that no longer exist They increase sales They reduce taxes automatically