Benefit Most from Asset Tracking Software
Tracking and maintaining assets on a project or within a business is a burdensome task that often falls to the last person on the totem pole. These individuals may have other responsibilities and are forced to get creative with spreadsheets and other manual methods—a perfect recipe for error. If this is what your usual workflow looks like, it may be time to consider an asset tracking software solution that can automate the majority of your processes and take away this headache.
Asset tracking software, with its all-in-one solution, can track and monitor assets from start to finish, including procurement, inventory management, maintenance, audits, and more. The time savings and increased efficiency alone should be reason enough for investing in asset tracking software, but there are many other benefits that you might not have realized.
Let’s dive into some of the sectors that benefit most from asset tracking services.
The manufacturing industry has undergone tremendous changes in recent years, becoming an increasingly competitive sector. The pressure to optimize processes to increase productivity and profitability has never been higher. Since the manufacturing process is so complex with many moving parts, asset tracking services near me can be incredibly useful in helping companies make the data-driven decisions they need to achieve their business goals.
Asset tracking software allows manufacturers to see the full lifecycle of their assets on one screen, enabling them to make smarter use of their resources and reduce waste. With this technology in place, manufacturers are able to keep better track of their assets in real-time, locate equipment more quickly and easily, reduce maintenance costs as issues can be fixed faster before they become costly repairs, and ultimately improve production rates.
Additionally, with equipment tracking, manufacturers can generate a wealth of data on how their assets are used, which will allow them to better plan ahead and allocate resources.
By seamlessly integrating barcode and RFID Tag scanners, mobile solutions, communicator tags and GPS tracking into asset tracking software solutions, manufacturers can optimize their operations, ensuring optimal performance in all areas. This will allow them to produce higher-quality products faster without sacrificing efficiency or accuracy.
2) Rental Services
If your business is in the rental industry, you will be well aware of the logistical challenges that come with it. As a business owner, you are responsible for ensuring that the equipment you have on hire is returned according to the agreed timeframes. This makes it difficult to keep track of assets and manage their movement. Additionally, there’s no guarantee that all hired assets are returned in perfect condition; any faults need to be identified as quickly as possible so they can then be repaired or replaced by one of your service technicians. With asset tracking software integrated within your operations, these problems become irrelevant.
Whether it’s a bulldozer, a hammer, or something much smaller, being able to locate all of your rented assets at once can improve your overall efficiency significantly. Allowing customers to check-in/out equipment themselves via mobile also allows them greater flexibility while also cutting down labor costs and boosting profitability. Moreover, modern asset tracking software integrates directly with GPS tracking system used by your service team, making it possible for them to monitor an asset’s location via an app or desktop dashboard. And if something looks awry, they can check its current location immediately so they can get back on schedule without delay.
In essence, every essential touchpoint in your rental process—from hiring through to checking out and returning—is connected seamlessly, which means your team spends less time managing individual tasks and more time serving clients.
The healthcare industry has a lot of responsibility on its shoulders. There’s a lot at stake, and there’s no room for error—and to be honest, there can never be enough monitoring or management.
For the most part, hospitals and other medical facilities are required to be equipped with the latest technology, which means they spend millions on equipment and devices that bring the best possible care to patients. For instance, doctors often work with state-of-the-art CT scanners that cost around $500K. Of course, there’s no way a hospital would ever allow one of these expensive machines to leave their premises without being tracked, but what about millions of smaller items like syringes or medication? They all need to be monitored carefully.
When it comes to asset management in the healthcare industry, time is of the essence. With so many sensitive items circulating throughout large facilities all day long, the possibility for misplacement, error, or loss increases greatly—and patients’ lives are on the line. So, what can you do? Fortunately, most hospitals and other medical facilities have turned to high-tech solutions such as barcode and RFID tagging with tracking technology app integrated into their inventory systems. This allows doctors and nurses access to real-time information whenever they need it while also enabling them to locate assets on demand. From a logistical standpoint, every item within a facility is tracked carefully as well; if something goes missing at any point during its cycle (i.e., an equipment breakdown), workers will be able to follow its path back easily, ensuring everyone stays accountable.
In essence, with asset tracking technology integrated into their inventory systems, medical facilities gain a clear insight into their operations and can quickly resolve problems or fix mistakes when they arise. This keeps patients safe and helps reduce costs associated with misplacement or damage.
The military is a complex organization that is always looking for ways to improve its efficiency. From the smallest settlement to the biggest campaigns, there are plenty of situations in which military units can use GPS tracking system to save time and money.
GPS tracking system along with specialized asset tracking and management can be used to keep track of all sorts of equipment, including vehicles, electronics, and even personal items. It ensures that no item slips through the cracks or gets misplaced. This gives military commanders much more control over their supply chains and logistics—and a greater ability to plan for contingencies.
From vehicle tracking to asset theft protection, here are some of the ways that asset tracking software can be useful for those in the military:
Locating and organizing equipment
When you’re in the military, you’re constantly on the move. This can make it difficult to keep track of all your equipment. With asset tracking software, you can easily locate equipment and get it back to where it belongs when it’s not in use.
Stocking up before each mission
Every mission requires a different set of supplies. You need to be able to plan ahead and determine what will be needed for each mission without wasting time or resources. Asset tracking software makes this much easier by providing an inventory of available supplies.
Saving money and time
Asset tracking software helps military units reduce their costs by eliminating waste, lost time, and unnecessary trips back to base for supplies that were forgotten or misplaced. When military units are better organized, they spend less on fuel, food, and other expenses—and they’re able to complete their missions more efficiently as well.
Overall, with asset tracking software integrated into their inventory systems, military units can easily save time and money. This allows them to focus on what matters most: providing effective support for troops in combat situations.
5) Information Technology
The IT sector is one of the most in-demand industries in today’s job market. There are numerous benefits to a career in IT, including a lucrative salary and virtually limitless career prospects. However, if you work for an organization with multiple facilities and partners, finding ways to streamline your team’s workflow can be quite challenging—especially when it comes to asset management.
From servers to mobile IT devices, there are many assets you need to track on a regular basis as they move throughout your supply chain; however, doing so manually is no small feat. And even if you do spend considerable time setting up tracking systems, there will still be thousands of items in transit at any given moment; what happens when things go wrong?
With all these moving parts (literally), how do you account for loss or damage associated with misplacement? It sounds pretty overwhelming, but it doesn’t have to be. In fact, modern asset tracking software with automated tracking and asset theft protection allows companies to monitor every item along its journey through automated reports delivered directly into an operations dashboard. Utilizing every single data point available, asset managers can create detailed reports that help them pinpoint where problems arise and better equip their teams to deal with them going forward. Of course, this assists workers from other departments like logistics or finance who need access to real-time information about shipments and other related processes, too.
Overall, business equipment tracking solutions along with tracker management support play a key role in keeping businesses running smoothly across many different levels. Thanks to new high-tech options, assets get transferred more quickly and securely while information gets shared more efficiently across large networks. Since everyone receives real-time updates as things happen, organizations are able to respond faster than ever before and reduce costs due to losses and damages caused by misplacement or theft.
Businesses, whether small or large, are always looking for ways to streamline their operations in order to cut costs and make better use of their human resources. This is especially true when it comes to asset management.
Since tracking assets manually involves a lot of time and effort (especially if you have a distributed workforce), you’ll need an efficient solution to help you reduce these factors while improving your performance at the same time. With enterprise-level asset tracking software integrated into your IT system, every employee will be able to track assets on demand using simple commands. There will be no need for individuals to collect data manually; every piece of information about an item’s journey will be stored securely as soon as it enters your system.
This, combined with the ability to remotely locate assets in real-time, can help you deliver the best possible customer experience while also reducing overhead costs significantly over time.
7) Property and Facilities
Whether you’re an individual property owner or a commercial manager at a large multi-facility organization, managing your assets on-site can be tricky. Between ongoing maintenance needs, sudden breakdowns, customer demands, special requests, and more, it can be difficult to keep track of everything——especially if you’re also relying on outdated paper-based management systems or spreadsheets.
The good news is there’s a better way: asset tracking and management software.
Purpose-built enterprise asset management (EAM) software solutions provide organizations with an always up-to-date and easily accessible record of their assets. This allows you to get out of the weeds and focus your attention on top priorities—like increasing efficiency, improving productivity, reducing costs, and delivering exceptional service to customers. In other words, EAM makes it easier than ever before to track everything in real-time and take action as needed; it also lets you streamline operations across multiple facilities by keeping everyone in sync without fail.
Asset tracking is a must-have in today’s highly dynamic business environment. It empowers organizations to become more efficient, reliable, and profitable while reducing costs and saving money in terms of overhead. Choosing asset tracking software as your solution can ensure seamless integration across your IT infrastructure and help you take control of your business processes at every level—from individual departments to multiple facilities around the world.