Assets overview

You use the Assets application to create and to store asset numbers and corresponding information, such as parent, location, vendor, status, and maintenance costs for each asset. You can build the asset hierarchy as an arrangement of buildings, departments, assets, and subassemblies. The asset hierarchy provides a convenient way to roll up maintenance costs so that you can check accumulated costs at any level, at any time. You can also find a particular asset quickly.

Use the Assets application to perform the following tasks:

• Search for asset records.
• View, modify, add, or delete the main record for an asset.
• Create the asset hierarchy and view the subassemblies and parts of an asset.
• View, modify, add, or delete safety records for an asset.
• View or add metering information for an asset.
• Specify or view the specifications for an asset as recorded in the Classifications application.