An object we need and use to perform our capabilities.
Enterprises need to develop, buy and manage a broad range of tangible or intangible assets (such as buildings, machines, raw materials, software applications, financial assets and know-how) to perform the capabilities needed to run their business. Assets as a concept are rooted in economics, strategic management and finance. Buying assets from suppliers connects the enterprise to its supply chain.
- A railroad maintenance company requires fuel and gravel, and operates power lines and tracks.
- A freelance legal adviser works with contracts, legal texts and court decisions.
- A public healthcare provider operates with hospital buildings, medical records, and planning systems.
- An air traffic control organisation runs applications and databases to track flights, airlines and airports.
- Build new capabilities from existing assets.
- Know your existing assets and build up new ones to improve capabilities.
- Measure the cost of running a process by summing up the costs of required assets.
- Manage the procurement and logistics of assets.
- Store data in applications that can later be used as an asset in a capability.
- material, machine, document, application, data, system software (tag)
- owned, external (tag)
- expiry (metric)
- cost (metric)