The Marine Engineering Technology (MARR) Department at a land grant university in Galveston has a great number of experimental equipment, testing devices, scientific instruments, and electrical/mechanical power machines that are worth thousands of dollars. Due to the missing parts and technical literature, there is a lack of training and support when it comes to properly using the MARR assets. As a result, they are not being fully utilized for educating the future generation of engineers and the intended research work. Given the information from the physical inventory, the MARR faculty and students, the gathered data are analyzed and interpreted by using the Inventory Stratification Method. Based on our findings, the MARR Department needs to reduce the idling assets and invest the savings in the more useful assets. The analysis also shows a favorable (9.8%) increase in Gross Margin/Department Fund.