Typical Process for Fixed Asset and Personal Property Physical Inventory

The following is an overview of the inventory process used by Asset Services for a typical client:


  • Pre-Inventory

    • Asset Services Project Manager reviews facility locations and floor plans with the organization’s Project Manager, to identify any areas of the facilities that may require special attention.


  • Asset Inventory Methodology

    • The inventory team works in close proximity to each other as a "sweep" is made through the facility. The Inventory Team Lead references the floor plans in order to direct the Inventory Specialists to each inventory area, and track areas that have been completed and/or will need to be revisited.


    Asset Services inventory teams are very sensitive to the internal customers of our clients. We operate with minimal disruption to the ongoing business of our clients, spending less than 5 minutes to inventory an employees area


  • Asset Tagging

    • Asset Services will apply a barcode label to each item inventoried.


  • Typical data collected for each fixed asset includes:

    • Asset Number
    Product Description
    Facility Location/Building
    Department/Room
    Manufacturer
    Model Number
    Serial Number



    Go back