Asset Inventory

Inventory process is crucial operation of the asset control

• Inventory – Application model
• Set up the inventory team
• Change of the inventoried asset state
• ER Data Model

The inventory is joined with the stock but the process is general and serves to any set of assets regardless if they are in the physical stock or not.

The inventory process operates for:

• Physical assets located anywhere in the company
• Non-physical assets like liabilities, stocks, obligations etc.
• Reserves of any kind – physical as well as financial

Inventory – Application model

The following diagram describes steps and operations that implements the inventory:

Set up the inventory team

Inventory is linked with task that has defined the inventory team. The inventory team is defined by the linked team. Team generated to the operation record is defined by the task as well.

Change of the inventoried asset state

Control of the inventoried assets support change of the state:
• Check the physical existence of the asset (mark – yes/no)
• Evaluate physical status – asset status (new ... damaged – counter values)
• Verify the quality criteria (validity of revisions) – optionally updated directly to assets (if the inventory team has appropriate rights)
• Recommended operations (repair necessary, change value etc.)

ER Data Model

Data model related with the inventory: