--- 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 --- # Managing enterprise asset inventory and contracts # Managing enterprise asset inventory and contracts {#ariaid-title1} * Release version: Australia * * Updated March 12, 2026 * * ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read Create and manage your enterprise asset inventory and contracts. ## Overview of managing enterprise inventory and contracts {#managing-eam-inv-contracts__section_tls_ylr_tcc} Create and manage your enterprise asset inventory and contracts by performing the following tasks. {#managing-eam-inv-contracts__table_qkk_h4r_tcc__entry__3} | Task | Role required | Resources | |-|-|-| | Create and view stockrooms | | * [Create stockroom for enterprise assets](https://servicenow-prod.fluidtopics.net/pglRTLcXl5KWwdqlUktLYQ "Create a stockroom in the Enterprise Asset Management application and assign assets to it.") * [View stockroom details in the Enterprise Asset Workspace](https://servicenow-prod.fluidtopics.net/YEYCvNjJWKvzFePac7WAVg "Use stockroom records to view detailed information about the stockrooms that your enterprise, hardware, consumable, bundle, loaner, and other assets reside in.") {#managing-eam-inv-contracts__ul_xgv_yqj_vcc} | | Manage asset picking within your stockroom | | [Manage enterprise asset picking within your stockrooms](https://servicenow-prod.fluidtopics.net/Z4q0sckm2DrxuEjuM6xeng "Inventory picking enables inventory users to locate and pick assets within large stockrooms. When you enable asset pick tasks for a stockroom and provide granular location details, technicians can retrieve assets quickly and efficiently.") | | Audit enterprise asset inventory | | [Audit enterprise asset inventory](https://servicenow-prod.fluidtopics.net/_oGkd0B~XeJMPPvl0hVLdQ "Audit your enterprise asset inventory to learn where your assets are and what their current status is.") | | Create a disposal or a transfer order | | * [Create a disposal order in the Enterprise Asset Workspace](https://servicenow-prod.fluidtopics.net/RK2FGhop2Rk4CIOjCphQkw "Create a disposal order for an asset that has reached the end of its life cycle or is no longer functional.") * [Create a transfer order in Enterprise Asset Workspace](https://servicenow-prod.fluidtopics.net/67XHgpo56TpIX1YnlTiVWA "Create a transfer order in Enterprise Asset Management to transfer assets from one location to the other.") {#managing-eam-inv-contracts__ul_xsx_crj_vcc} | | Request a loaner asset | | [Request a loaner asset in Enterprise Asset Workspace](https://servicenow-prod.fluidtopics.net/sSbLDdO9bO_Q0YcI6cI92Q "Request a temporary or loaner asset or a consumable and use it for a specified period of time.") | | Request a RMA for defective assets | | [Requesting a Return Merchandise Authorization (RMA) for defective enterprise assets](https://servicenow-prod.fluidtopics.net/jH8bvGrvP35CK~DlWOV4Bw "A Return Merchandise Authorization (RMA) is an agreement between a buyer and a seller that allows the buyer to return, replace, or request the repair of a defective product within the specified warranty period. With the Enterprise Asset Management application, you can submit RMA orders to either replace or repair your defective enterprise assets.") | | Manage recalled enterprise assets | | [Managing recalled enterprise assets](https://servicenow-prod.fluidtopics.net/jjBToZFuwxI8wXIeun3BHA "You can track and take action on enterprise assets that have been recalled by the asset vendor by using recall orders. You can choose to replace, repair, or retire your recalled enterprise assets. Alternatively, you can choose to provide your users with additional instructions on how to operate your recalled enterprise assets.") | | Close an enterprise asset reclamation request | | [Close an enterprise asset reclamation request](https://servicenow-prod.fluidtopics.net/jTY0jy7sh3WwtRnIjI~vdg "Close an asset reclamation request to efficiently reclaim enterprise assets when an employee leaves an organization or moves to a different role.") | | Manage repair of defective assets | | [Manage repair of defective assets in your stockroom in the Enterprise Asset Workspace](https://servicenow-prod.fluidtopics.net/yEsJfF1J1C7AQNMuG0aksQ "Use the Repair flow to get the defective enterprise assets in your stockroom fixed so that the repaired assets can be used in different Enterprise Asset Management workflows.") | | Create contracts for leased enterprise assets | | [Create a contract for your leased enterprise assets](https://servicenow-prod.fluidtopics.net/4m3evqyczcyN78Ne4vAQtQ "Create a contract to define the lease details of your enterprise assets.") | | Manage expiring contracts | | [Managing expiring contracts for leased enterprise assets](https://servicenow-prod.fluidtopics.net/C1lzK~jeEgRVWwWLELm4Gw "You can use the Contract and lease management view to track and take action on leased enterprise assets that are nearing the end of their contracts. You can choose to return your leased enterprise assets, buy out your leased enterprise assets, or extend your lease contracts.") | [ ] {#managing-eam-inv-contracts__table_qkk_h4r_tcc} * [Create a stockroom and assign assets to the stockroom](https://servicenow-prod.fluidtopics.net/pglRTLcXl5KWwdqlUktLYQ "Create a stockroom in the Enterprise Asset Management application and assign assets to it.") * [Create a custom stock rule to automatically resupply a stockroom with an asset](https://servicenow-prod.fluidtopics.net/HkRPZ77tW~J73NtBFDFKsQ "Create a stock rule to automatically resupply a stockroom based on vendor purchase orders or transfer orders.") * Create a transfer order to transfer assets from one location to the other. * Create a disposal order for assets that have reached the end of their life or are no longer functional. {#managing-eam-inv-contracts__ul_vvj_lqr_tcc}Create stockrooms to assign assets to the stockroom.