---
title: Using Base Asset Management
description: Use the Base Asset Management application to manage your assets efficiently.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/it-asset-management/asset-management/using-asset-management.html
release: australia
product: Asset Management
classification: asset-management
topic_type: concept
last_updated: "2026-03-12"
reading_time_minutes: 1
breadcrumb: [Base Asset Management, Common applications, Asset Management]
---

# Using Base Asset Management

Use the Base Asset Management application to manage your assets efficiently.

-   **[Work with Asset and CI](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-asset-management/asset-management/work-with-asset-ci.md)**  
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://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-asset-management/asset-management/c_AssetClasses.md)**  
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://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-asset-management/asset-management/c_CreatingFixedAssets.md)**  
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://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-asset-management/asset-management/c_FollowLifeCycleConsumbl.md)**  
Consumables are assets that are not tracked individually, but as a group of the same model.
-   **[Stockrooms](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-asset-management/asset-management/c_Stockrooms.md)**  
Stockrooms are places to which assets are assigned.
-   **[Manage pre-allocated assets](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-asset-management/asset-management/manage-preallocated-asset.md)**  
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://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-asset-management/asset-management/manage-transfer-orders.md)**  
Manage the asset movement from one stockroom to the other using transfer order.
-   **[Use Organization Management](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-asset-management/asset-management/org-mgmt.md)**  
The Organization Management application provides an easy way to perform such asset management tasks as updating users and adding vendors.