Product Description
Asset tracking refers to tracking the movement of physical assets Either by scanning bar code labels attached to the assets or by using RFID asset tracking technology An asset tracking system can record the location and usage of the assets and generate various reports
Benefits of asset trackingï
With asset tracking from System ID you can kiss audit headaches goodbye and say hello to streamlined processes that
- ïSave time by quickly completing audits
- Minimize loss with accurate reporting
- Improve productivity by easily collecting and retrieving detailed data
- ïIncrease profits by eliminating unnecessary purchases and repairs
How does asset tracking work
Before selecting a system its important to understand the difference between assets and inventory
Inventory is items that companies distribute consume or sell externally They are considered temporary goods and include such items as merchandise office supplies and raw materials
Assets are permanent items that organizations use internally These items may depreciate over time or be allocated to employees who may also check items in and out Examples include computer equipment office furniture and vehicles Each must be uniquely trackedï
There are different data capture solutions for managing assets and inventory Make sure you know the difference to ensure you select a system with the features you need For example in addition to locating and managing items asset tracking systems can
- ïAlert you when a checkedout item is past the due date
- Keep up with warranty information and service contracts
- Prompt you to schedule maintenance
- ïCalculate equipment depreciation
- Import and export data
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