1. Asset management is an accounting process that seeks to calculate the depreciation, tracking, maintenance and theft difference.
2. Organizations face a significant challenge to track the location, quantity, condition, maintenance and depreciation status of their fixed assets. A popular approach to tracking fixed assets utilizes serial numbered Asset Tags, which are labels that are often with bar codes for easy and accurate reading.
3. Periodically the owner can track the asset transfer, misplaced and missing assets using these kind of application