Asset Inventory

An asset inventory is a list of assets containing sufficient information about the assets to physically locate and identify them.

Alternate Definitions

A list of assets considered worthy of identification as discrete assets, with information such as location such as location, design standard, construction date, maintenance history, configuration, condition, and technical details. - Austroads Glossary of Terms

A discussion on the IPWEA's AssetMates forum has come up with a number of suggested definitions, but no consensus.

  1. A list of all assets & items, including those with a value less than the financial capitalisation threshold.
  2. A list of all items with a value less than the financial capitalisation threshold.
  3. A list of all items with a value less than the financial capitalisation threshold, which are never-the-less judged to be worth tracking individually.
  4. A list of all assets of interest to an organisation, including assets not owned by the organisation.
  5. A list of asset types and the number of those assets owned or controlled by an organisation.

"The Australian Concise Oxford Dictionary" defines inventory as; "a complete list of goods …" or "the total of a firm's commercial assets", which best agrees with (1) & (5) above.

Notes

The Roads Alliance Desirable Data Set for roads lists 81 fields under the heading of inventory.

Related Pages

Asset Register

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