Asset Availability

AAA

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.

INVESTOPEDIA EXPLAINS '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. Asset

    1. A resource with economic value that an individual, corporation ...
  3. Intangible Asset

    An asset that is not physical in nature. Corporate intellectual ...
  4. Tangible Asset

    Assets that have a physical form. Tangible assets include both ...
  5. Hard Asset

    A tangible and physical item or object of worth that is owned ...
  6. Service Mark

    A brand name or logo that identifies the provider of a service. ...
Related Articles
  1. Active Trading

    Competitive Advantage Counts

  2. Markets

    Great Company Or Growing Industry?

  3. Entrepreneurship

    Getting To Know Business Models

  4. Entrepreneurship

    Reality Check: Why Startups Fail

Hot Definitions
  1. Capitulation

    When investors give up any previous gains in stock price by selling equities in an effort to get out of the market and into ...
  2. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  3. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  4. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  5. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  6. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
Trading Center