What is property control?

Property control refers to the process of tracking, managing, and safeguarding an organization's physical assets, such as equipment, tools, and inventory. Professionals in property control maintain accurate records of assets, monitor their location and condition, and ensure compliance with organizational and regulatory policies. This helps prevent loss, theft, and misuse of property, as well as supports financial reporting and auditing processes. Property control is essential for maximizing asset utilization and minimizing unnecessary expenditures.