Assets are the valuable building blocks of any business.
Whether you are a transport organisation, a trade company, a construction firm or even someone who offers moving freight services - plant, equipment, machinery and tools are necessary for you to operate.
Since assets are essential, it’s important to have a system in place to make sure they don’t get lost, misplaced or underutilised. This is where asset tracking comes in. Asset tracking can help your business get the most out of its assets to ensure you’ll save time, money and effort managing your daily operations.
How does asset tracking work?
Asset tracking takes your asset management to the next level. Through a centralised and organised system, it allows businesses like yours to achieve efficiency, enable proper maintenance and save costs.
Here’s how asset tracking works:
Some organisations may use a paper-based method of tracking assets while others utilise spreadsheets in Excel. However, these can be quite manual, inaccurate and cumbersome.
However, thanks to technology, more advanced options for better productivity are now also available such as software platforms that use barcodes, RFID, GPS and asset tracking Bluetooth tags.
Asset tracking software platforms (like EROAD Where) are becoming more common today, as they allow businesses to check and view the location of your assets in real-time.
By fitting tags onto your assets and connecting them to the installed software on your mobile devices and computers, you can quickly determine where your assets are to prevent losing or misplacing them.
Most asset tracking software solutions utilise cloud-based technology to store and access information in one place. This centralised asset tracking system also secures, coordinates and arranges all asset data for easy coordination amongst employees.
Budgeting, scheduling and activity planning is easier when you understand asset utilisation and maintenance. Asset tracking methods, especially those that are software-based, generate accurate asset data and reports needed for business’ decision-making processes.
With the right asset management systems in place, your assets can be used to their full capacity to ensure your operations are efficient and productive. Asset tracking software like EROAD Where can also help manage your whole range of assets, no matter where they are.
Learn everything you need to know about asset tracking
Asset tracking solutions offer a lot of advantages that can help grow your business through the better use of plant, equipment, tools and vehicles. But it’s important to have the right information to achieve the best outcomes.
To help, we've prepared the ultimate guide to asset tracking on our website, which answers all of your asset management questions.
Learn everything you need to know about asset tracking and how to optimise your asset use.
