A method and system for managing assets used in business. A central computer
database
has records of tracked items identified by a unique identifying code. A communications
link is provided between a scanner and the central computer database at each point
in a cycle of change in status of the item. The code is scanned or otherwise given
to the database when the item status is changed and the information scanned is
transmitted to the central computer database. This arrangement provides users real-time
sharing of relevant information such as order status, stocking location, notifications,
or any other special instructions. The unique identifier number is physically placed
on the item wherever possible. The unique identifier is unique for all items tracked
by the system. No two items of different classes or within the same class possess
the same unique identifier number.
