Asset Tracking Overview
Asset Tracking helps your organization know exactly which important equipment exists, who is responsible for it, where it is, what condition it is in, and what has happened to it over time.
Assets vs Inventory
Inventory is usually counted by quantity, such as 20 keyboards in a warehouse. Assets are tracked by accountability, such as one specific laptop assigned to a specific employee. Use Asset Tracking when the item needs an identity, barcode or QR label, custody history, return date, condition record, or audit trail.
Common Asset Examples
- IT equipment: laptops, tablets, phones, routers, printers, scanners, and accessories.
- Tools and field kits: equipment issued to technicians, field teams, branches, or project sites.
- Vehicles and machines: cars, motorbikes, generators, production equipment, and high-value machinery.
- Office and branch assets: furniture, fixtures, security devices, and shared workplace equipment.
- Controlled pools: reusable items where a quantity is controlled by custodian, department, warehouse, or location.
Best practice: Track normal consumables in Inventory and track accountable, reusable, high-value, or auditable items in Asset Tracking.
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