Asset management and tracking is a comprehensive system for maintaining detailed records of all equipment and major assets throughout your property. HelloShift's asset management module allows you to create a complete inventory including asset identification (location, room number, area, asset tag), equipment details (brand, model, serial number, installation date), warranty information (expiration dates, coverage details, vendor contacts), service history (all maintenance performed, repairs, parts replaced), scheduled maintenance (upcoming preventive tasks, recurring service intervals), replacement planning (expected lifespan, budgeted replacement date), and documentation (photos, manuals, spec sheets, compliance certificates). This centralized database ensures maintenance staff know exactly what equipment exists, where it's located, when it needs service, what its history has been, and who to contact for repairs. Asset tracking prevents equipment from being overlooked, helps budget for replacements before failures occur, provides documentation for insurance and warranty claims, supports capital planning decisions, and demonstrates due diligence for liability protection.