Moveable asset management is still not appropriately supported by existing IT 
systems. Items are not managed individually, information about location, 
status and usage is not accurate or lacking. This can cause delays in 
industrial operations, inefficient use or excess inventory of costly assets. 
We propose RFID technology as the key to link the necessary data directly with 
the physical assets. Assets become able to manage themselves, which eliminates 
many manually tasks, like searching for assets, inspecting for damages or 
counting them. The article demonstrates the potential of RFID based asset 
management solutions using the example of tool management in aircraft 
maintenance. The example includes the smart toolbox and smart tool inventory 
application as an implemented solution.