What is an asset tracking system or solution

An asset tracking system or solution involves the methodical tracking of physical assets, either by scanning the assets barcode labels or by using RFID tags to retrieve their details. Such a system is comprised of software (the core component), barcode scanners, barcode labels, sticker tags, and mobile computing devices. These elements work together to streamline and automate the tracking of assets (e.g., equipment, office items, tools) from acquisition to retirement within an organisation.

Why use asset Tracking or Management System?

  • Enhances Efficiency: Streamlines the process of locating and managing assets, saving time and reducing manual effort.

  • Variety of Tracking and Management Solutions: Track Location, Activity Tracking, Disposal Tracking, Inventory Management, Maintenance Management etc.
  • Increase asset visibility: have a clear, real-time view of the location, status, and usage of all assets within an organization which improves transparency helps in quickly locating assets, reducing downtime, and ensuring efficient utilization.
  • Regulatory Compliance: Ensure adherence to industry regulations by maintaining detailed records of asset usage and maintenance.
  • Calculate depreciation: determining the reduction in value of an asset over time due to factors like wear and tear, usage, or obsolescence.
  • Cost reduction: Minimize losses due to theft, misplacement, or ever over purchasing by providing accurate asset data.


There are many different features to an asset tracking system, it's not a one size fits all.  Below are some of the features to think about.

  • Track equipment by location using barcode
  • Track whether equipment is active or inactive
  • Track serial, model, and barcode number
  • Track return dates on Assets
  • Track Maintenance on Assets
  • Enable addition of new items in the field
  • Conduct standard reports for depreciation
  • Assign equipment categories
  • Reconcile physical asset inventory to book inventory
  • Keep asset pictures, documents & videos online
  • Generate management reports
  • Maintain equipment cost records
  • Record notes for each asset
  • Email and SMS Alerts for Equipment
  • Locate assets on a geographical map
  • Print barcode labels and catalogs
  • Export data to Excel

Asset Tracking Hardware and Consumables

                                 

        Scansku G-Series Scanner                     Asset Tags                           Asset Adhesive Labels