How Equipment Tracking Apps Increase Asset Security

Published on August 30, 2023 • 3 min read

When you own a lot of assets as part of your business, it makes sense to keep them safe. You can keep assets under lock and key. However, it’s hard to keep them safe when they’re on the move. The good news is that when you use an equipment tracking system, asset security is automatically increased.

Let’s take a look at just how tracking your assets can boost security. 

Every Asset Is Tagged With A Barcode

When you use a modern equipment tracking system, every single asset will be tagged. Some assets are tagged with a barcode, others use an RFID tag or a QR code. In any case, the code is what helps to keep the asset safe and secure. 

When an asset is scanned into the tracking software for the first time, a profile is created. This profile can contain a lot of information about the asset in question. Should you wish to track an asset, all that you need to do is to click on the profile. You’ll then be shown the asset’s location.

Tracking The Location Of Your Assets Is Easy

As we have already seen, it’s possible to track the location of your assets. However, what you may not be aware of is that it’s easier than you think. When you use a reliable and modern equipment tracking system, each tagged asset will be tracked instantly. You could track assets individually or in groups. The latter can help you to locate where the truck containing your construction equipment is. You may have even chosen to track the truck as well.

In any case, you can track individual assets or a group of assets. You can also track them 24 hours a day, 7 days a week. With QR codes, barcodes, and RFID tags becoming more and more advanced, tracking all kinds of assets has never been easier.

Ghost Assets Are Less Likely To Exist

Ghost assets can be something of a mystery. They are assets that exist, however, they are also assets that are no longer used. This is because they have broken down, or they’ve been lost or stolen. 

Let’s imagine that from time to time one of your photocopiers breaks down. OK, so you don’t really have to imagine this, but let’s assume that another one has. Your business still considers the photocopier to be an asset. However, it goes unused as perhaps no one has reported it to maintenance. 

Should the photocopier be kept in a storage room out of the way, for example, it could be forgotten about. What this means is that while you’re still paying off the photocopier, you’re actually missing out. As a result, the photocopier has become a ghost asset. 

When you use an equipment tracking system, however, you can virtually eliminate ghost assets. This is because the photocopier will be added to the asset list. Every single asset will be scanned and therefore accounted for. You’re likely to notice that it’s not working and send it for maintenance. It’s that simple. 

If An Asset Is Mislaid It Can Be Located Within Moments

When you make the most of an equipment tracking system you can locate misplaced assets very quickly. Thanks to the way that tracking systems work, it’s possible to see where all of your tagged assets are. We already know this, but it’s a point that’s worth mentioning again.

No longer will you need to worry about where you left a laptop. You won’t have to wonder whether a vehicle was left at the correct construction site. No longer will you need to feel anxious about having dropped a USB stick somewhere in reception. You can access the location details within moments. 

All that you need to do is log into your chosen equipment tracking system and click on the asset in question. When you do, you’ll be presented with a range of menus, one of which may include a tracking feature. Click on the feature et voila! Your asset can be found within moments. 

Not only could this feature help you to find misplaced assets, but it can also bring the cost of buying replacement assets down. Losing an asset somewhere can be frustrating enough. Depending on the asset that’s been misplaced, it could cause a security issue. We’ve all heard about laptops being left on trains and at bus stops. If only those agencies/governmental bodies tracked the laptops would half the problem be solved. 

Instead of replacing a lost asset and dealing with a potential security risk, just check your new tracking app. Locate your assets within moments and get that peace of mind you need. 

Wish to chat with an expert about an equipment tracking system that increases security? Contact us today at team@itemit.com.