Asset management covers everything an organization does to plan, acquire, use, maintain, value and dispose of its assets so they deliver value at acceptable cost and risk. The international standard ISO 55000 describes asset management as the coordinated activity of an organization to realize value from assets.
What it includes
- An accurate asset register — what you own, where it is, who is responsible.
- Asset tracking — keeping location and custody current.
- Audits — proving the register matches reality.
- Maintenance — preventive and corrective work that keeps assets available.
- Finance — depreciation, NBV and disposal.
- Governance — roles, access control and an audit trail.
Why it matters
Assets tie up capital. Managing them well means fewer losses, fewer duplicate purchases, less downtime and financial statements that reflect what you actually own.
In Asetavo
Asetavo brings these together in one platform: register, tagging, zones and alerts, check-in/out, audits, maintenance, depreciation, reports and an API.