{"id":2071,"date":"2012-05-07T08:57:34","date_gmt":"2012-05-07T15:57:34","guid":{"rendered":"https:\/\/blog.mobileframe.com\/?p=2071"},"modified":"2012-05-07T08:57:34","modified_gmt":"2012-05-07T15:57:34","slug":"assets-vs-inventory-what-is-the-difference","status":"publish","type":"post","link":"https:\/\/www.mobileframe.com\/blog\/assets-vs-inventory-what-is-the-difference","title":{"rendered":"Assets vs. Inventory – What is the difference?"},"content":{"rendered":"

\"\"<\/a>Inventory and asset tracking are both important, but what separates them?\u00a0 Why are there different applications for these seemingly similar processes?\u00a0 The answer lies in the purpose for each but first let\u2019s examine the difference between inventory and assets.<\/p>\n

Assets are defined as an economic resource that represents an ownership of value.\u00a0 This could be a truck, a piece of software or, yes, even an inventory of widgets.\u00a0 Inventory is a list of compiled assets for sale or use in another process.\u00a0 When it comes to the differences in tracking we need to look at assets as being here for long term use and inventory being here for consumption of some sorts.\u00a0 Think of it as the difference between a library and a book store.
\n
\nAn asset would be like a library.\u00a0 When tracking an asset we track them individually, we want to know certain information on specific items.\u00a0 When an item is scanned we can track maintenance information, age, location, or as in our library example \u2013 who checked it out.\u00a0 Inventory tracking systems can track any combination of this data and more \u2013 on an individual item basis.<\/p>\n

A book store would represent our inventory tracking.\u00a0 Rather than being concerned with individual item data, we are more concerned with data of identical items.\u00a0 When an item is scanned we want to know how many of an item, add an item or remove an item from our inventory levels.\u00a0 \u00a0The point is we want to track a collection of identical assets rather than on an individual basis.<\/p>\n

MobileFrame\u2019s Asset Management and Inventory Tracking Software gives you the flexibility of creating a tracking system to specialized for assets, inventory or both.\u00a0 Our 100% code-free platform allows you to make customizations to fit your needs.\u00a0 Click here<\/a> to sign up for a demo.<\/p>\n","protected":false},"excerpt":{"rendered":"

Inventory and asset tracking are both important, but what separates them?\u00a0 Why are there different applications for these seemingly similar processes?\u00a0 The answer lies in the purpose for each but first let\u2019s examine the difference between inventory and assets. Assets are defined as an economic resource that represents an ownership of value.\u00a0 This could be…<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[158,272,395],"class_list":["post-2071","post","type-post","status-publish","format-standard","hentry","category-mobile-education","tag-asset","tag-inventory","tag-library"],"aioseo_notices":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfOsuQ-xp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.mobileframe.com\/blog\/wp-json\/wp\/v2\/posts\/2071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mobileframe.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mobileframe.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mobileframe.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mobileframe.com\/blog\/wp-json\/wp\/v2\/comments?post=2071"}],"version-history":[{"count":4,"href":"https:\/\/www.mobileframe.com\/blog\/wp-json\/wp\/v2\/posts\/2071\/revisions"}],"predecessor-version":[{"id":2076,"href":"https:\/\/www.mobileframe.com\/blog\/wp-json\/wp\/v2\/posts\/2071\/revisions\/2076"}],"wp:attachment":[{"href":"https:\/\/www.mobileframe.com\/blog\/wp-json\/wp\/v2\/media?parent=2071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mobileframe.com\/blog\/wp-json\/wp\/v2\/categories?post=2071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mobileframe.com\/blog\/wp-json\/wp\/v2\/tags?post=2071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}