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Operations Operations · Tafkiro Module

Asset Management.

Fixed assets, depreciation, maintenance schedules, asset lifecycle, transfers.

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Operations module
Asset Management
What changes

Tracks every asset from acquisition through retirement with depreciation across IFRS, GAAP, and local tax regimes, and predictive maintenance that reduces unplanned downtime by an average of 23%.

14
Key features
3
AI capabilities
Features

What Asset Management covers.

14 capabilities across 4 functional areas — all on the same database, sharing one record for every transaction, customer, and vendor.

Asset Register & Lifecycle
4 capabilities
Asset master
Comprehensive record: category, location, custodian, purchase details, insurance policy, warranty terms, and document attachments — all on one always-current asset record.
Asset acquisition
Assets created from capitalization of purchase invoices or project work orders. Partial capitalization for assets under construction with accumulated WIP ledger before commissioning.
Asset disposal
Formal disposal workflow: sale, write-off, or trade-in. Gain or loss calculated and posted automatically; asset removed from register on confirmed disposal.
Asset transfers
Inter-location and inter-entity transfers with approval, cost reallocation, and dual-book posting. Physical verification receipt required before the transfer closes.
Depreciation
4 capabilities
Multi-book depreciation
Run depreciation simultaneously across IFRS, local GAAP, and tax books per asset. Each book has its own method, rate, and useful life with no duplication of effort.
Depreciation methods
Straight-line, diminishing balance, sum-of-years-digits, units-of-production, and component depreciation — configurable per asset class and entity.
Depreciation schedules
Full schedule generated at asset creation. Adjusts automatically for additions, disposals, impairments, and revaluations — schedule always reflects the current asset state.
Impairment
Impairment testing inputs update the carrying value per IAS 36. Impairment loss posts automatically; reversal handled in subsequent periods within the carrying amount limit.
Maintenance
4 capabilities
Preventive maintenance
PM schedules by calendar date, usage hours, and meter readings. Work orders issue automatically; overdue PMs escalate to the maintenance manager with each passing day.
Maintenance work orders
Detailed work orders with parts list, labor hours, and cost capture. Completion updates the asset history and resets the PM trigger — no manual schedule adjustment.
Breakdown management
Unplanned breakdown notifications trigger emergency work orders with priority routing. Mean-time-to-repair tracked per asset class for reliability benchmarking.
Service history
Complete maintenance history per asset: all jobs, dates, costs, parts replaced, technician, and findings. Visible in one click from the asset record at any time.
Tracking & Compliance
2 capabilities
Physical verification
Structured verification process with QR and barcode scanning. Discrepancies surface as exceptions for investigation and write-off approval — no asset goes missing silently.
Insurance tracking
Insurance policy details, premium amounts, and expiry dates per asset. Alerts at 90 and 30 days before expiry; no asset operates without valid coverage awareness.
Tafkiro AI

How AI works inside Asset Management.

Every AI capability runs continuously in the background. Outputs surface inside your normal workflow — approvals, queues, alerts — where your team already works. Nothing to open, nothing to trigger.

/ 01
Predictive maintenance
Schedules service interventions before failures using equipment age, usage cycles, and fault history patterns. Average unplanned downtime reduction: 23% after 6 months.
Example · Live output
Lathe L-04: service due in 12 days — 4,200 hrs usage · last service 3,800 hrs ago
/ 02
Asset utilization
Tracks utilization rates per asset and surfaces underused assets for redeployment, short-term rental, or accelerated disposal — updated daily from usage records.
Example · Live output
8 assets below 40% utilization this quarter → 3 recommended for redeployment to Site B
/ 03
Failure prediction
Identifies assets approaching end-of-life based on maintenance frequency trends and performance degradation. Surfaces 60–90 days ahead of expected failure.
Example · Live output
Generator G-12: failure risk elevated — 3 maintenance calls in 60 days · age 8.3yr vs 7yr median
Best fit

Where Asset Management matters most.

The module ships with industry-specific defaults, report layouts, and compliance configurations for each vertical — not a generic setup you adapt after go-live.

Industry
Manufacturing
BOM · MRP · Costing · Quality · Traceability
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Industry
Equipment Rental
Fleet · Contracts · Maintenance · Utilization
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Industry
Energy & Utilities
Metering · Billing · Field service · Assets
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Same platform

Modules that integrate with Asset.

Every module shares one database. Data posted in Asset Management is immediately visible to these modules — no sync, no API bridge, no reconciliation.

Inventory & WarehouseManufacturing & MRPProject ManagementQuality ManagementSupply Chain PlanningWarehouse Management
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Ready to see Tafkiro
in action?

Book a personalized demo with our enterprise team. We'll show you how Tafkiro works for your specific industry, your specific scale, and your specific operations.