Combined Inventory And Asset Control
Depending on your business process, you may need to track certain items or products as both stock inventory and assets. For example, your products are assembled or received and then stored in your warehouse inventory. Those products will be issued out to a customer and installed at the customer location, with a foreseeable useful life of over a year. Therefore, inventory levels needs to be adjusted and the product needs to be reclassified as a deployed asset that needs to be tracked and managed.
Stock to Asset Benefits
This transaction or conversion allows you to search for a serialized or non-serialized inventory item that is issued to a customer or location and assign it an asset number and model number. The quantity and associated cost are automatically adjusted in the inventory database and you can begin tracking pertinent asset attributes such as maintenance, warranty, and location.