---
sourceDocument: Australia Asset Management
sourceDocumentLink: https://servicenow-prod.fluidtopics.net/r/it-asset-management

 Release :

    - australia

ft:locale :

    - en-US

ft:publication_title :

    - Australia Asset Management

ft:clusterId :

    - itam

bundleId :

    - itam

workflow :

    - Technology


---

# Use

# Using Asset Management {#ariaid-title1}

* Release version: Australia
* 
* Updated March 12, 2026
* 
* ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read

Use the Asset Management application to manage your assets efficiently.
* **[Work with Asset and CI](https://servicenow-prod.fluidtopics.net/npvkHWPCBdgmaVi3ffLr7g)**   
  Asset and configuration item (CI) management refers to creating assets, setting appropriate states and substates, synchronizing assets and CIs, managing consumables, and retiring assets.
* **[Manage various assets through asset classes](https://servicenow-prod.fluidtopics.net/YeJXo9_JlGzxlSbYfgv6Yg)**   
  The default asset classes are Hardware, Software License, Consumable, Bundle, Software Entitlement, and Facility. These general classes can be used to manage various assets.
* **[Create fixed assets](https://servicenow-prod.fluidtopics.net/leUA0vmpYp86l4KUD4hFDQ#c_CreatingFixedAssets)**   
  Fixed assets are containers that can hold multiple assets. Fixed assets are commonly tracked at the corporate level by a finance or accounting department, but may contain IT assets such as hardware and software.
* **[Consumables life cycle](https://servicenow-prod.fluidtopics.net/zz6fiMglzekLSSudKrad9g)**   
  Consumables are assets that are not tracked individually, but as a group of the same model.
* **[Stockrooms](https://servicenow-prod.fluidtopics.net/M5aRQ2ilMruCW3qfeV30Jg)**   
  Stockrooms are places to which assets are assigned.
* **[Manage pre-allocated assets](https://servicenow-prod.fluidtopics.net/bK0F2~ZJxVYVU7NaP5OA3A)**   
  Manage pre-allocated assets, which are the assets that the vendor still owns, but has agreed to store in a customer stockroom for just-in-time procurement.
* **[Manage transfer order](https://servicenow-prod.fluidtopics.net/zAoPVfFVSpx7LpGOtvBebw)**   
  Manage the asset movement from one stockroom to the other using transfer order.
* **[Use Organization Management](https://servicenow-prod.fluidtopics.net/airOLdh68QQSTIzq0XUx2A#org-mgmt)**   
  The Organization Management application provides an easy way to perform such asset management tasks as updating users and adding vendors.