Assets inventory is the process of keeping track of a company’s physical possessions. This includes any items used for day-to-day operations, such as equipment, raw materials, and office supplies. Assets inventory helps a business to understand how much capital it has invested in its assets and how these resources are being used. Proper asset inventory techniques help to ensure that a company is maximizing the value of its investments and avoiding costly losses due to theft, mismanagement, or departures. Asset inventory also plays an important role in taxes, auditing, and insurance by providing proof of ownership for various items.