<p>Copyright TM Forum 2005<br/></p><p><br/></p><p><b>Extended Description</b><br/></p><p><br/></p><p>Asset Management processes manage all financial and policy aspects of the physical assets of the enterprise (corporate real-estate, fleets, infrastructure, stocks, consumables, etc.); they set asset management policies, track assets using physical asset recording systems and manage the overall corporate balance sheet.<br/></p><p><br/></p><p>For each managed corporate asset, these processes plan for future needs and coordinate with the Supply Chain Development & Management processes for all aspects related to purchasing.<br/></p>