Asset tracking has been a significant problem for many businesses around the world. Improper tracking has always resulted in inappropriate schedules, loss of assets, stock-out and excessive stock. A mobile asset tracking software comes in handy to manage assets and helps to achieve higher Return on Assets (ROA).
Spreadsheets have always been a traditional asset management method, but it consumes a lot of time and takes a lot of attention while filling every detail. Any misinformation in the sheet may lead to failed management and business activities going in vain.
This blog will confer about how mobile asset tracking software works, its usages, and its features.
There are two components – software and assets. All assets are tracked with the help of GPS trackers, RFID tags, barcodes, and QR codes, depending on the asset. The GPS tracker and the RFID tag can communicate directly with the software while the codes respond when scanned via a scanner.
The software typifies the location and properties of the asset, enabling you to track down the movement of the items as they change locations. This eliminates all the guesswork and allows you to track steadily.
The software also enables you to decide on asset quantity that should be allocated to a particular location, how frequently (or infrequently) an asset is used, and all other information about the asset.
Every other tracker works differently. Let’s see how these work.
An RFID-based asset tracking software requires four tools – an RFID tag, an antenna, an RFID reader, and a computer equipped with the software.
Once these all are acquired:
There are three types of RFID tags – active, passive, and semi-passive. These tags are attached to an asset depending upon its features and the type of asset. These tags have a signal range of upto 150 meters.
GPS-based asset tracking is very different from other types of tracking methods. Tags and codes are placed on assets, while the GPS is attached to vehicles carrying these assets. For example, suppose you order ten monitors from amazon. In that case, each monitor will have its tag or barcode, and the GPS will be attached to the vehicle that will deliver the monitors to you on the day of delivery.
A GPS tracking system uses the Global Navigation Satellite System (GNSS) network. This network incorporates a range of satellites that use microwave signals transmitted to GPS devices to give information on the vehicle’s whereabouts.
There are two types of GPS systems – active and passive. An active GPS continuously sends the actual time location to a central server as it travels, while passive GPS stores the data and gives information about the history of a particular journey.
These are black and white labels that are attached to an asset. These labels contain a Unique Identifying Number (UIN) which helps in asset tracking. A barcode is 1D, while a QR code is a 2D form of a barcode. Three tools are needed for barcode-based tracking – a barcode, a barcode scanner, and an asset tracking software.
Once these three tools are acquired:
An asset tracking software is infused with lots of incredible features that make asset tracking a lot easier. Let’s take a look at some of them.
Safeatlast reported that United States businesses approximately lose about $50 million worth of assets each year. You surely don’t want to lose your assets. With software like this on your mobile, your goods are in surveillance almost every minute of the day.
Secondly, it saves a lot of time and money. You would not want to spend your money on spreadsheet employees and still expect them to make errors which might cost you a hefty amount of loss. The software provides you with the most accurate data whenever and wherever you want it, just by a simple scan.
Moreover, the software has a higher Return on Investment (ROI), with related products costing as cheap as $0.05. However, the initial investment in the software might cost you, but it is essential to save millions of dollars.
Hence, this might be the ultimate asset management solution for your business.
Build Better Solutions With Top Developers
Asset tracking software has been an important aspect of many businesses around the world. Whether it’s a large company or small, every organization is switching to this software to save their valuable business.
Your business is valuable and the assets are the most important factor for the overall growth of your business. That being said, get your perfect asset tracking software at Idea Usher and save your assets from getting lost.
With our experienced team of developers and managers, you can get your hands on this opportunity as well and get your customized asset tracking software.
Get in touch with us to know more.
It is software that combines the data within the IT environment. An IT asset is classified as systems and hardware that are used in daily business operations. The IT asset management software gathers detailed information about an organization’s hardware, software, and network assets, and then this information is used to make IT-related decisions.
Fixed assets are those long-term tangible assets that are owned by a firm and used for its operations to generate income. Fixed asset tracking is the process in which you get to know an asset’s real-time location, condition, assignment, and maintenance. Asset tracking is achieved with the assistance of barcodes, RFID, etc., and asset tracking software.
Idea Usher is a pioneering IT company with a definite set of services and solutions. We aim at providing impeccable services to our clients and establishing a reliable relationship.