Types of Assets

There are really just two types of assets, an asset or a component. Objects such as meters, poles, pipes, lines, and transformers, are all considered assets, but components are also considered assets. What differentiates these two types of assets is the specific business object. The asset business object requires the creation of an asset location record, but the component business object requires no asset location record be created.

Refer to Components for information about components.

Refer to About Asset Locations for information about asset locations.

The Asset business object can be used to group multiple types of assets into categories:

• General Assets category involves Tracked assets, such as transformers and motors, and non-tracked assets, such as non-linear connected assets with the exception of fleet assets.
• IT Assets involve both tracked and non-tracked IT or facility assets associated to a person or employee record. An example might be meters and laptops.
• Infrastructure Assets involve connected assets that do not need to be tracked. An example might be pipes and poles.
• Fleet Assets are used for vehicles, such as trucks and loaders.