An asset management system comprises a memory storing software instructions enabling control of a set of network devices having a corresponding allocated rack space, the set being sparsely distributed over multiple cabinets, wherein an aggregate rack space occupied by the set of network devices does not exceed the allocated rack space. A processor coupled with the memory and that executes, based on the software instructions stored in the memory, operations comprising generating a virtual representation representing the set of network devices residing in at least one virtual cabinet corresponding to the allocated rack space. The virtual representation is used to enable configuration of a functionality of at least one network device in the set of network devices residing in the virtual cabinet based on asset data of the at least one network device.