Yes, you can adopt this strategy using material type ZXXX by copying the material type UNBW. You will able to transfer to different plant as you quantity in the stock. But using the serial number profile for material. You can trace the PO where you can get asset purchase value. Also using serial number create equipment in background. You can link you equipment number IMG => Financial Accounting (New) => Asset Accounting => Master Data => Automatic creation of Equipment
I think using serial number in material master. You will to address all the concerns from the business. It is very useful functionality.