The Asset Creator process simplifies and automates the creation of asset records and all related objects. During asset creation process, the user will populate all asset data that are specific to this asset instance, for example, Serial Number, Location, Install date, In-Service Date, Purchase Price, and so forth. All other asset data that are common (with similar type of asset) can be automatically populated by selecting an Asset Template. (see the next topic, below).
Once the asset creation is submitted, the actual Asset record is auto-created along with the corresponding preventive maintenance book record (PM BOOK) for the asset (assuming preventive maintenance is required, as well as the Meter Readings record for this asset).
Note: Oracle does not recommend creating new Assets directly from the Assets log menu, as many of the necessary related records will have to be manually created.