Fundamentals Of A Successful Asset Tracking System

Fundamentals Of A Successful Asset Tracking System

Asset tracking systems have become increasingly popular in recent years as businesses seek to improve their asset management and control costs. If you are considering implementing an asset tracking system, there are a few key things to keep in mind. Here, we will walk you through the basics of asset tracking system and what you need to know to get started.

Why Do You Need An Asset Tracking System?

Asset tracking systems help businesses keep track of their assets for a variety of reasons, including:

– To know where their assets are at all times
– To reduced losses
– To ensure that assets are being used efficiently
– To enhanced security

How Does Asset Tracking Work?

Asset tracking is the process of keeping track of your company’s assets. The main purpose of asset tracking is to monitor and manage your assets in order to optimise their use and prevent losses.

Asset tracking systems can be used to track a wide variety of assets, including company laptops, factory machineries, company vehicles, office fixtures, financial records, licenses & forms, etc.

There many are different ways to track assets, but usually, an asset tracking system uses hardware scanning device such as mobile computer, desktop software, mobile application and barcode labels or RFID tags to identify assets you have in your organisation and monitor the changes in physical location.

Critical Areas That Make Up A Successful, Reliable Asset Tracking System

Make Sure You Know What Assets You Have.

Most assets should come with a unique identifier, usually in various forms of serial numbers, or barcodes, so these items can be recognised and tracked individually. The easiest way around this is to have a barcode printer that allows you to create your own barcode for different assets.

The first step is to label each of your assets with barcode labels or RFID tags. These can be customised to include critical information such as your product name, project name, company logo, asset category and whatever information you deem necessary.

Find Out Your Assets’ Where, Who and When

It is estimated that the average business loses 5% of its assets each year. A large part of this is due to the fact that businesses do not have an effective system for tracking their assets. This can lead to assets being misplaced, stolen, or simply forgotten about.

An asset tracking system can help you keep track of your assets and ensure that they are accounted for. With a system in place, you will be able to see where your assets are, who is responsible for them, and when they were last used. This can help you make sure that your assets are being used effectively and that they are not being neglected.

If your company is not currently using an asset tracking system, it may be time to consider implementing one. Doing so can help you save time and money, while also improving the security and management of your assets.