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    • 16 May 2024
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    Contents

    Overview

    • Updated on 16 May 2024
    • 1 Minute to read
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    Article summary

    Asset Purpose refers to the intended function or use of a particular asset within an organization. It defines why the asset exists and how it contributes to the overall operations and goals of the organization. 

    Asset Purpose can vary depending on the asset type and the organization's specific needs. For example, a piece of manufacturing equipment may have the purpose of producing goods, while a software license may have the purpose of supporting business operations.

    Let's explore the following use case.

    Use Case
    User Persona: Administrator
    Solution
    Nova Retail wants to keep track of its inventory of electronic devices, such as laptops, smartphones, and tablets. They want to understand the purpose of each device in their inventory to manage stock levels efficiently and ensure they meet customer demand.Sandra can utilize Asset Purpose configuration to define the purposes of each electronic device based on its intended use.

    For example:
    • Laptops: Display for in-store demonstrations
    • Smartphones: Available for customer testing
    • Tablets: Used as point-of-sale (POS) devices for transactions

    Configure Asset Purpose

    To configure Asset Purpose, perform the following steps:

    1. Navigate to Design Studio > Asset Management Module > Configurations > Asset Masters > Asset Purpose. The Asset Purpose List page is displayed with already configured records.
      Click New to configure a new Asset Purpose.
      Figure: Asset Purpose List page - New icon

    2.  On the new configuration page, provide all the required details as shown below and click Save. For more information on fields, refer to Field Description table below.
      Figure: Asset Purpose configuration page
      The saved configuration will be displayed on the List page.

    Field Description

    This table contains the list of fields and their descriptions that are available under the Asset Purpose page:

    Field
    		Description
    Tenant

    Select the Tenant for which you wish to configure the Asset Usage type.

    PurposeSpecify the purpose of the asset for which you are defining its use.
    Sort OrderChoose the sorting order for displaying or listing Asset Purpose records.
    DefaultSelect the Default check box to set the particular record as the default display.
    ActiveSelect the Active check box to set the particular configuration's status as active.
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