Asset management is a systematic process to organize, monitor, and sell the assets of an organization in a cost-effective way. By monitoring the assets and their current working conditions, will help the business to understand the loss/gain, equipment failures, etc.
Odoo 15 also provides the feature of asset model and asset creation to manage the assets in a company. The asset model is a feature to manage the asset entries for an asset. The depreciation for the asset can be set for a particular duration. A single asset model can be used for creating multiple assets.