Enterprise asset management capabilities - Dynamics 365 Tutorial

- [Instructor] And finally, our last lesson in this chapter, Enterprise Asset Management Capabilities. I know it sounds overwhelming, but really, it isn't. Let's get through this last lesson together. And we should start by defining what an asset is. An asset is a physical thing. It could be a truck or a piece of equipment. The best way to think of an asset is something that you can touch. Asset management is the process of managing the life cycle of those assets. You will see the term functional location in asset management. Functional location is just the location where the asset is located. It could be in a warehouse, a production line, or even sitting in a truck. Next, we need to cover the work order life cycle. But before we get into the work order lifecycle, let's define what a work order is. A work order is used to manage maintenance jobs on equipment or your assets. Work orders can be scheduled based on…