The process of asset management in university are not utilized best practice of information system. Many processes were still done manually and not integrated automatically to the system. Furthermore, the existing system was not ideally applied and causes it to run improperly, which obstructs its implementation. The purpose of this research is to solve asset management problems faced by universities using business process re-engineering to gain significant improvements of many procedures by reduction of time. The process of managing assets and repairs mapped and analyzed using unified modeling language (UML). There are 3 alternatives process improvement and 2 scenarios in each asset management procedures. The result of this observation are new design process simulated using iGrafx to examine the proposed refinement process. By using time as the main parameter, the results of the simulation study showed a procedure time reduction in Procedure of Routine Consumable Goods/Stationary by 8.40%, Procedures of Maintenance and Repair Facility by 10.68%, Procedures of Registration/Recognition and Report Public University Assets by 10.73%, Procedure of Removal Assets Owned by Universities by 34.72%, and Work Instructions for Asset Stock taking in Public University by 27.97%.