Asset Availability

DEFINITION of 'Asset Availability'

Asset availability refers to a tangible asset's availability to be put to its intended use. An asset is considered available when it is ready to use. An asset would be considered unavailable for reasons such as it has been turned off, is already in use, is at capacity, is undergoing maintenance or repairs, is in transport, or because of a network connection error. Asset availability is an important part of business; when assets are available, work processes can operate more efficiently and cost effectively. Keeping assets operational and reducing delays is critical to a business's success.

BREAKING DOWN 'Asset Availability'

Asset availability management helps businesses maintain focus while managing costs. The goad of this management is to maximize the availability and performance of the assets.


Examples of these assets include manufacturing equipment, trucking fleets or aircraft fleets. For most equipment, specific parts - such as aircraft engines - need to be regularly serviced and maintained to avoid disruptive interruptions in availability.

RELATED TERMS
  1. Active Asset

    An asset that is used by a business in its daily or routine operations. ...
  2. Tangible Asset

    Assets that have a physical form. Tangible assets include both ...
  3. Asset Condition Assessment

    A report outlining how an organization can manage capital assets ...
  4. Permanent Current Asset

    The minimum amount of current assets a company needs to continue ...
  5. Capital Asset

    A type of asset that is not easily sold in the regular course ...
  6. Asset Performance

    A business's ability to take productive resources and manage ...
Related Articles
  1. Investing Basics

    What's an Asset?

    An asset is a resource with economic value.
  2. Savings

    Assessing Bank Assets: Are Your Savings Safe?

    Learn how to determine if your assets are safe or if your bank has spread itself too thin.
  3. Fundamental Analysis

    What's a Tangible Asset?

    Tangible assets are property owned by a business that can be touched -- they physically exist. Examples include furniture and fixtures, computer hardware, delivery equipment, leasehold improvements ...
  4. Investing Basics

    What is a Real Asset?

    A real asset is a physical asset that has value.
  5. Investing

    What is Asset Management?

    In the investment world, asset management refers to active management of an investor’s portfolio by a financial services company – usually an investment bank.
  6. Investing Basics

    Explaining Net Tangible Assets

    Net tangible assets is a company’s total assets subtracting both intangible assets (such as goodwill and intellectual property) and total liabilities.
  7. Investing Basics

    Explaining Financial Assets

    A financial asset is intangible property that represents a claim on ownership of an entity or contractual rights to future payments.
  8. Investing Basics

    Asset Manager Ethics: Valuation Is A Tricky Business

    Asset managers must accurately represent all of a clients assets in the client portfolio. This can be tricky for unique and hard-to-value assets.
  9. Fundamental Analysis

    Calculating Return on Net Assets

    Return on net assets measures a company’s financial performance.
  10. Economics

    Understanding Capital Assets

    A capital asset is one that a company plans on owning for more than one year, and uses in the production of revenue.
RELATED FAQS
  1. Are stocks real assets?

    Learn why stocks are classified as financial assets, not real assets. Understand the properties that determine whether an ... Read Answer >>
  2. What is the difference between current assets and fixed assets?

    Learn what current assets and fixed assets are, examples of current and non-current assets, and the differences between these ... Read Answer >>
  3. What is an aggregate limit and what type of insurance is it usually associated with?

    Understand why tangible assets are important to a company. Learn why the ownership of a tangible asset has benefits as well ... Read Answer >>
  4. Which consumer goods do Americans buy the most of?

    Explore the various factors that influence estimations of a tangible asset's useful life, as well as standard estimations ... Read Answer >>
  5. What is the difference between tangible and intangible assets?

    Discover the difference between tangible assets and intangible assets and the types of assets that are in each. Additionally, ... Read Answer >>
  6. What are some examples of fixed assets?

    Learn the difference between fixed tangible assets and fixed intangible assets, and review examples of these two types of ... Read Answer >>
Hot Definitions
  1. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  2. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  3. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  6. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
Trading Center