Enterprise asset management is the business processes and enabling information systems that support management of an organisation's assets, both physical assets, called "tangible", and non-physical, "intangible" assets.

Physical asset management: the practice of managing the entire lifecycle (design, construction, commissioning, operating, maintaining, repairing, modifying, replacing and decommissioning/disposal) of physical and infrastructure assets such as structures, production and service plant, power, water and waste treatment facilities, distribution networks, transport systems, buildings and other physical assets. It is related to asset health management.

Infrastructure asset management expands on this theme in relation primarily to public sector, utilities, property and transport systems. Additionally, Asset Management can refer to shaping the future interfaces amongst the human, built, and natural environments through collaborative and evidence-based decision processes.

Fixed assets management: an accounting process that seeks to track fixed assets for the purposes of financial accounting.

IT asset management: the set of business practices that join financial, contractual and inventory functions to support life cycle management and strategic decision making for the IT environment. This is also one of the processes defined within IT service management.

Digital asset management: a form of electronic media content management that includes digital assets.

AssetX is a RFID enabled solution, under the INNOTRACK solution suite, designed for Fixed Asset Management by providing unique identification and real-time tracking of assets for data management within the enterprise.

In many facilities, assets are misplaced, lost, or stolen. A tracking system would disclose unaccounted for assets. Determining the location of assets is only the starting point; companies can then build on this information to gain additional value from such systems.

"You can't manage what you can't measure"



In a typical asset management system, various items are tagged with RFID tags to identify and track them throughout a process. When you want to save time and know where to find business assets, RFID equipment connects to your network and updates information in real-time. AssetX automatically updates the location and visibility of your assets in the AssetX Database.

  • Quickly locate Assets
  • Reduce inventory time
  • Achieve real-time physical inventory of assets
  • Enhance productivity by remotely monitoring assets
  • Deliver more timely information for decision making
  • Eliminate paper documentation.


  • Interface between AssetX and any existing platform
  • Attach asset records as needed
  • Alerts & Alarms
  • Reports
  • Mobile inventory
  • Location / Movement Tracking


  • Deter Theft
  • Provide visibility of assets
  • Reduce Inventory Costs
  • Comply with Regulations
  • Reduce shrinkage and lost assets
  • Increase Utilisation of assets
  • Simplify audits

Download our ASSETX brochure for more information.