Assets can include anything that is capable of being owned to produce value. Buildings, equipment and machinery are examples of tangible assets. ‘Know how’, brands and other intellectual property are examples of intangible assets. Assets typically appear on a balance sheet. See also Asset, Current.

« Back to Glossary Index

Discover the world’s largest Glossary of Procurement terms

With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.