In the world of business, Inventory Asset refers to any item of raw material, finished product, or supplies used in a company’s operations. It is important for businesses to keep accurate track of their inventory assets in order to ensure that they are making the most of available resources and not letting valuable material go to waste. Inventory assets can be tracked in terms of cost, quantity, or value so that businesses can have a clear understanding of how resources are being utilized. Taking advantage of modern electronic inventory tracking systems can be an invaluable tool in keeping your business running smoothly while maximizing the return on your investments.