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Glossary of Terms found in the Company Assets Module

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1. Asset Group: Categories or classifications of assets within the organization, such as Property, Vehicles, Electronics, etc.

2. Asset Items/Inventory: Individual units or instances of assets within the organization's inventory, each identified by a unique Asset Item Code and comprising details such as quantities, serial/model numbers, and expiry dates.

3. Asset Manager: Individual or team responsible for overseeing and managing the assets of the organization, including tasks such as asset tracking, maintenance scheduling, and procurement.

4. Asset Options: Configuration settings that determine the visibility of assets for employees, allowing them to view all company assets or only those linked to their job roles.

5. Asset Requests: Requests submitted by employees for access to specific assets, facilitating the allocation of assets based on organizational needs and employee requirements.

6. Asset Transactions: Records of asset movements and changes, including updates to asset amounts, tracking of transactions, and maintenance of accurate asset records.

7. Company Assets: Assets owned or held by the organization and not job specific, which employees can view and request through the asset management system, contributing to effective resource utilization and operational efficiency.

8. Employee Assets Transactions: Records of employee interactions with assets, including asset collection, returns, and reporting of lost assets, ensuring accountability and efficient asset management.

9. Employee Self-Service: System allowing employees to view and request assets independently through a self-service portal, enhancing accessibility and streamlining asset allocation processes.

10. Job Asset Link: Association between assets and job titles, ensuring that employees have access to the necessary assets required for their respective roles.

11. Manager Self-Service: Platform enabling managers to request assets on behalf of employees and view transactions processed by HR, streamlining asset allocation processes and improving oversight.

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