Who can benefit from asset tracking systems?

Who can benefit from asset tracking systems?

Any organization can benefit from asset tracking technology in some capacity. Every organization has valuable equipment or assets that move around – whether it is within a building, across a campus, or shipped to other locations.

And every organization has corporate resources that organizations would like to maximize the use of meeting spaces, for example, or computing power.

Any company making capital investments in equipment, technology, or infrastructure could benefit from asset tracking systems that not only track the location of those investments, either in real time or on a regular schedule, but also monitor and report on the usage of those resources to better plan for future needs or inform budgeting so resources are allocated and depreciated appropriately. Often organizations lose track of assets and continue to pay maintenance fees on assets no longer in use. Asset tracking can also, of course, let your team monitor the status of resources or equipment without walking around with a clipboard or digging through old files or receipts.

Wouldn’t your team like to know:

  • When did the asset arrive at the loading dock?
  • Where is the asset located right now?
  • How many assets are in transit, storage, production? How long have they been assigned that status?
  • How long has an asset been sitting in storage?
  • What warranties are expiring this year?

How to use data gathered from an asset tracking solution

By implementing the right asset tracking technology and application, this is the type of information that any department an benefit from. Tracking asset depreciation, life cycle management, and resource allocation will help any organization improve productivity and better manage costs.

When your team knows with just a few clicks that status and location of all your assets, auditing is a much faster, more accurate and less painful process. Decommissioning can be planned, and higher costs associated with older, less efficient or out-of-date hardware can be avoided. So can fire-drills to respond to equipment failing when it’s needed. There is no delay in identifying the locations of the affected equipment. It’s easier for procurement teams to plan ahead and schedule purchases and updates that are aligned with warranties and usage schedules.

There’s no reason to delay implementing asset tracking

It’s important to remember, too, that asset tracking solutions can give your team and your company the answers to those questions and all of those benefits without a huge additional investment of time or money.

Any of the most common asset tracking technologies can help any organization get more of this kind of insight – which technology is right for your business depends on a wide variety of factors, and depending on the goals and needs of a company, frequently a hybrid approach provides the greatest amount of data for the lowest cost.

Asset Vue’s experts have deployed asset tracking solutions around the globe and can help your company to successfully achieve your goals. Furthermore, Asset Vue Inventory and Asset Vue Tracker software works for all types of technology and can deploy a Barcode, RFID or BLE (Bluetooth) solution, either individually or a combination of these technologies that monitors your corporate assets at a price point that works for your business. Information can be imported into Asset Vue Inventory literally in minutes and you can be up and running in as little as a day.

How could your organization benefit from asset tracking technology? Request a free proof of concept today from the experts at Asset Vue to learn how!