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Inventory · Definition

Asset Tracking

Monitoring the location, custody and condition of physical assets.

Asset tracking follows durable items — equipment, devices, tools — through their lifecycle: assignment, movement, maintenance and disposal, often by serial number or tag.

Unlike consumable stock, assets are tracked individually over a long life, with custody and condition mattering as much as quantity.

See it in AWRA OpsHub

Asset Tracking

Related terms

Serialized Inventory

Tracking individual units by a unique serial number.

Inventory Traceability

The ability to trace any item forward and backward through the chain.

More in Inventory

ABC Analysis Available to Promise (ATP) Backorder Barcode Carrying Cost Consignment Inventory Cycle Count Cycle Stock

Asset Tracking is not just a definition here

Inventory runs on this vocabulary every day in AWRA OpsHub — 44 of our 257 glossary terms describe things the platform actually does.

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