How should we track Equipment Assigned to Employee's in JD Edwards E1

We need to start tracking the equipment assigned to an employee and I'd like to know if anyone else is doing this in E1 and how. I know we can setup the equipment as Inventory or assets but I'm not sure what the best way to do that would be.

When an employee leaves the company HR and Supervisors can see that they have equipment that needs to be accounted for

Visibility as to what equipment is available and where equipment is