What are the different types of physical assets that can be tracked?

Physical assets that can be tracked encompass a wide range of objects and items. These include tangible items such as vehicles, equipment, machinery, and tools that are used in various industries and sectors. Additionally, physical assets that can be tracked also extend to larger structures and properties like buildings and real estate holdings. Furthermore, inventory and stock within warehouses and supply chains are included in this category. In essence, any physical item or property that holds value and requires monitoring and maintenance can be considered a trackable physical asset. The tracking of such assets helps organizations efficiently manage their resources, prevent theft or loss, optimize maintenance schedules, and improve overall operational performance.

This mind map was published on 30 August 2023 and has been viewed 73 times.