Asset inventory management is critical to any company’s planning and accounting process. Having an accurate, up-to-date view of every asset (all devices, equipment, vehicles, and properties) means that you can better optimize your inventory, account for the current state, forecast upcoming costs, and protect your assets from cybersecurity vulnerabilities. An effective asset inventory management system enables you to easily reconcile your asset register with your physical inventory. Real-time location systems (RTLS) allows you to find and manage your devices as they are moved throughout your facility.
Source: https://www.helpnetsecurity.com/2021/07/22/asset-inventory-management/