About Asset Locations
An asset location describes the physical location where the asset is installed after it leaves the storage location. Some examples of asset locations are service points, underground connections, poles, and so on.
Asset locations have their own history and lifecycle and can be organized within a reporting hierarchy. For example, a campus might be defined as the parent location with the buildings on the campus defined as child locations to that parent. The parent can define attributes or identifiers common to all child locations, however specific location information must be defined on each location individually.
Refer to Understanding Inventory for information on storage locations.