GlossaryAsset Management

What is an asset location?

Also known as: location hierarchy, location tree, site, room.

Definition

Asset location is where an asset is recorded as being, usually as a place in a location hierarchy such as site › building › floor › room.

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Every asset in a register has a location. The most useful way to express it is a location hierarchy — for example, Property › Building › Floor › Room — so an asset's location is both precise ("Room 312") and easy to roll up ("everything in Building B").

Why it matters

  • People can find the asset.
  • Audits can be scoped by area, and missing items traced to where they were last recorded.
  • Zones and movement rules are built from locations.
  • Reports by site or building support insurance, tax and space planning.

Recorded vs actual location

The register holds the recorded location. It is only as good as the last update — which is why location changes should be captured by scans, check-outs or readers rather than typed from memory, and why regular stock-takes verify it.

In Asetavo

Asetavo's location tree is mirrored in the register and every report, and location updates come from moves, scans and — on Business — reader-covered zones.

From definition to done

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