A system is disclosed which is adapted to manage assets in a predetermined environment. An identification (ID) device may be disposed on at least one of a specific asset or an equipment rack in which the specific asset resides. A mobile electronic device may have a processor having processor executable code; a display; a camera for obtaining an image of the ID device; and a memory for storing asset information concerning a plurality of different assets. The executable code may be used to determine in real time, from the image and the stored asset information, information pertaining to the specific asset. The information may be displayed on the display.