Asset & Inventory Management Features Differences

The asset management features are for tracking durable items such as printers, laptops, etc. These items can be moved around, e.g. when borrowed (asset check-out) and returned (asset check-in). They may need repairs (asset maintenance), can be placed on hold (asset reservation), and so on and so forth.

With asset tracking, you get to know about the conditions or statuses of your assets.

The inventory management features are for tracking consumable items that need replenishing such as printing papers, ink cartridges, batteries, etc. These items increase (inventory increments) and decrease (inventory decrements) in quantities. They can also be moved from one location to another (inventory transfers).

In essence, inventory tracking is for anything that needs its quantities to be known.

On the platform Assets and Inventories are isolated from each other as items under them have different characteristics.

You basically need to determine how to classify the items you want to track and manage then use the appropriate asset or inventory management features.