What is meant by Assets?
The term "assets" encompasses all tangible and intangible resources used by businesses to achieve their economic objectives. This includes physical assets such as machinery, buildings, and vehicles, as well as intangible assets such as patents, trademarks, and software. Economic goods are crucial for production and service delivery, contributing to a company's value creation and competitiveness.
Typical software functions in the area of "assets":
- Inventory Management: Administration and documentation of economic goods, including tracking of stock and storage locations.
- Value Management: Recording and updating the values of economic goods, including depreciation and value appreciation.
- Procurement Management: Support in the acquisition of economic goods, including supplier selection, ordering, and goods receipt control.
- Maintenance and Repair Management: Planning and tracking maintenance and repair activities for physical economic goods.
- Lifecycle Management: Management of the entire lifecycle of an economic good from acquisition through use to disposal or sale.
- Usage Tracking: Recording and analyzing the usage of economic goods to assess their efficiency and profitability.
- Documentation Management: Storage and management of documents and proofs related to economic goods, such as purchase contracts, warranties, and maintenance records.
- Reporting: Creation of reports and analyses on the status, performance, and value of economic goods for internal and external purposes.