For enterprises of all sizes, locating assets and keeping track of them is critical to business success. Businesses own many resources which they store, share and move between locations. These assets are needed by different projects at various points of time.
As businesses grow and more assets are added, it is difficult to keep track of where these assets are manually. In cases where businesses have multiple operating locations, it is challenging to keep track of their whereabouts at all times. With an asset tracking system, it becomes easier to track and manage them through a computer or a mobile user interface.
What is Asset Tracking?
Asset tracking is a mechanism of tracking assets in transit by using technology such as GPS, NFC and RFID which broadcast their location in real-time or near real-time to control rooms. The tracking is conducted through an asset tracking system which records physical locations of the assets and plots them against a map for customer convenience.
What is an Asset Tracking system?
An asset tracking system helps businesses to get real-time location information of valuable assets. Although it can be useful for almost all businesses third party logistics providers tend to use them the most as they benefit from real-time updates of cargo in transit.
The system could comprise of tracking tools such as GPS, desktop software, barcode scanners, barcode labels and a mobile application. These provide the necessary means to locate physical objects, collect data and generate reports on all activities. The system helps enterprises track their assets, from the time the item is purchased or received until it is shipped or disposed off.
GPS enabled Asset Tracking
This asset tracking system uses Global Positioning Systems (GPS) to determine and track an asset’s precise location at regular intervals. The recorded location data is then stored within the tracking system. It may also be transmitted to an internet-connected computer or a mobile phone. This mechanism displays the asset’s location against a map setting in real-time.
Identification of assets
Every asset comes with a unique identifier such as a serial number or a barcode so that items can be individually identified and categorised. The asset tracking system utilizes these unique identifiers to track them while they are moving.
Which industries which can benefit greatly from Asset Tracking?
Delivery, courier and shipping companies
Government and law enforcement agencies
Development and research labs
Utilities and maintenance service companies
It is in the best interest of businesses to use an Asset Tracking system as it solves many challenges of asset management. Through the simple and instant installation of small and mountable asset-tracking devices on assets, your business can easily monitor their location and status whenever you need.