Equipment inventory is an important aspect of an organization that relies on machinery and tools to function. It is a comprehensive list of all the equipment, tools, and machinery that the organization owns, including details such as the manufacturer, make, model, serial number, purchase date, and current condition of each item. Typically, an equipment inventory is used to keep track of the maintenance and repair of equipment, as well as to plan for future purchases and upgrades. An equipment inventory, to function and to be effective, needs to be accurate. The inventory should be kept up-to-date and should include all …