TR: Asset Management Terminology Reference

The Context: Location: Terms used throughout the Assets and Configuration modules.

The Data:

Term	Definition
Asset	Any tangible possession of value (mechanical equipment, physical locations) tracked in the system.
Asset ID	A unique identifier (letters/numbers). This corresponds to the QR code scanned by the mobile device.
Asset Type	The specific category of equipment (e.g., Air Handling Unit, Pump, Heater).
Point Type	A subtype of equipment used for more granular classification (e.g., "Heater, Gas" vs. "Heater, Electric").
Asset Status	The current state of the asset in its lifecycle (e.g., Active, Retired, In Storage).
Location	The physical placement of an asset or area of the site (e.g., Room, Foyer, Roof).
Lot Asset	A single asset record representing a group of identical items (e.g., 200 Room Safes) that do not require individual barcodes.
Safety Notes	Lockout/Tagout procedures recorded for an asset. These appear on the mobile device to warn engineers of hazardous energy sources.
Priority Point Type	Key equipment types designated by the Enterprise that must be set up first (e.g., Life Safety assets).