Comment OpenNetAdmin.com might be useful (Score 1) 113
Bottom line is that asset management can be a huge undertaking to accomplish. You need to find out the most important items you need to keep track of and track them well. It will probably be hard to find one application that will do it all.
While primarily an IPAM (IP address management) solution, I would suggest http://opennetadmin.com./ It will track subnets, IPs, DNS etc and build DNS and DHCP server configurations. There is also a plugin for managing rack allocations in a fairly basic way (no connections). I think there is plenty of room for improvements from plugins, maybe something to do graphviz diagrams etc.
Figured I'd throw that one out there for whoever could benefit from it.