It is best to have a software, or at least a tracking system. Inventory is a must as well as policies, procedures and a process that keep control of assets location, owner/user, transfer of assets, relocation, return and most important purchasing and disposal of assets. Investment study must be part of purchasing of assets, financial analysis on fixed asset financial performance keeps you on top of your investment return. Many more techinques are used to ensure your investment return is optimized. Hope this is helpful?
If any ERP is being used for the organization like Oracle SAP they have their own inventory and maintenance module. if not we have stand alone products like maximo infonor and other tools for asset maintenance a lot of study needs to be done while choosing CMMS system. please visit plantservices.com for more info
