Asset tracking is the process of monitoring the location, condition, and status of physical assets. It plays a crucial role in improving efficiency, transparency, and overall operational effectiveness
KEY COMPONENTS
Accurate and detailed logs of asset information streamline administrative and maintenance tasks. Workers don’t waste time searching for missing assets or purchasing duplicates
Effective asset tracking helps organizations maximize the value of their investments. By managing assets efficiently, companies can identify which assets are adding value and which ones aren’t
Enterprise-wide visibility into assets can improve maintenance productivity by 28% and reduce inventory maintenance and repair costs by 18%
Asset tracking helps prevent loss and theft
It ensures safer movement of dangerous machinery and compliance with regulations
For perishable goods, asset tracking ensures they remain under optimal conditions
KEY BENEFITS
Comprehensive asset tracking enhances asset utilization, directly contributing to increased operational efficiency and agility
Real-time asset tracking makes companies more resistant to cyberattacks, equipment thefts, and attempts to steal intellectual property