Inventory asset management is only ever easy if you have a few of them, and they always work as intended. However, if, like most businesses, you have more than a couple of assets, managing them isn’t easy at all. Throw in a few asset-related issues, such as downtime, and everything can be harder.
Some people use an asset register to help them manage their assets, others rely on an inventory. However, they are not the same and knowing the difference is really important. Briefly, your asset register contains the assets that you use most days. Your inventory is where your stock and consumables are listed.
