Asset inventory management is a critical business process that ensures the accuracy and timeliness of your company’s assets. It involves identifying, tracking, and maintaining the value of physical assets like machinery, equipment, and even real estate over time. By taking an accurate inventory of your assets, you can improve financial planning, forecasting, and ultimately maximize the value you get from your investments. Asset inventory management helps businesses make smart decisions about acquisitions, disposals, and maintenance to keep assets working at peak performance for as long as possible.