Asset tracking software gives your business tangible benefits. With asset tracking software, you can track your assets better and maintain an accurate asset register.

In turn, these operations give you:

• More visibility over your assets
• More control over asset movements
• A better idea of your stock
• Visibility over where assets are
• Visibility over who is using assets
• Visibility over asset issues

This control and visibility translate to savings in cost, as you lose fewer assets and purchase fewer duplicates, time, as these essential operations are sped up with asset tracking software, and in asset longevity, as you have a better way to monitor asset issues.

Time-saving benefits are often overlooked as they’re more difficult to translate into costs. In this sense, working backwards, if asset tracking software can over two weeks a year, that’s hundreds of pounds saved in salaries alone.

Then, as you’re also speeding up existing, critical operations such as fixed asset management, you’re cutting down the amount of time someone is working on one thing and freeing up their time for something else.

Here is the less tangible part. If a product is sold only because additional time is freed up by specific software, in part, the return on investment should be calculated against the software. Then, you can take into account the other elements that contributed to the sale. So, you can’t attribute 100% of the profit made, but you still have made a profit because asset tracking software has unblocked other operations.

In other words, if you’re working with construction equipment asset management and, for all intents and purposes, all of your projects are the same length – if asset tracking software saves you 10% of the time it takes to complete a project, after 10 projects you can fulfil an entire new one you wouldn’t be able to do previously.

The money asset tracking software saves (and makes) you is both indirect, as above, and direct. The direct element is because of the visibility and control you gain over your assets.

Maintaining an accurate and, to an extent, automated fixed asset register prevents gaps spreadsheets may create, such as ghost and zombie assets. The avoidance of these gaps also avoids accountancy inaccuracies and potential fines.

Then, the ability to log, tag and track your assets gives you far more visibility over where your assets are, what you own and how they’re behaving.

Asset tracking is also scalable, so you can share the asset tracking load. This means that you can share tagging and tracking responsibilities with your colleagues and, therefore, further automate your asset register.

The money-saving benefits are mostly because of the overall concept of asset tracking. The specific features, however, are what save you the most time and what help you extend your assets’ lives.

For example, the ability to use asset tags allows you to scan an asset and report an issue in an instant. This kind of workflow creates visible issues management and alerts your admin team to any problems immediately. 

Complementing the issues management functionality is the ability to add important dates as reminders, too. These reminders allow you to monitor your calibrations and PAT tests and ensure you’re doing everything you can to get the most revenue out of your assets as possible.

The features don’t stop there. There are many different types of location tracking features, the ability to book and check assets in and out, the ability to audit your assets and more.

itemit’s asset tracking software provides you with a scalable return on investment. In other words, you can choose your package based on your usage and scale up the benefits you get from there.

If you’re tracking high-value assets, you can opt for RFID asset tracking, for example, which automates your asset management further and gives you even more ease of use and accountability. However, if you’re tracking small tools and equipment, you can opt for a smaller package that still provides you with the available benefits.

itemit is used worldwide by thousands and tracks all different types of assets in all different industries. The software is tailorable, meaning you’ll be able to use it for exactly what you need it for.

To find out more about how itemit can help you, you can contact the team at team@itemit.com. You can also fill in the form below to start your very own 14-day free trial.

Instant access. No credit card details required.

or, download the itemit app to get started

Asset tracking is the process of logging unique assets and tracking them. You can track all different types of information and data with asset tracking software, from depreciation information to maintenance history.

But, what kind of assets can you track? The core concept of asset tracking is that all of your assets are unique and have unique information related to them, but what should your assets be?

First of all, you might want to consider tracking fixed assets with asset tracking software. This is because you’ll likely have existing fixed asset tracking operations and so a transfer makes sense.

If you’re using a spreadsheet, you’re actually losing money on your asset tracking. This is because spreadsheets have gaps and create risks such as ghost and zombie assets.

Therefore, while you need to pay for asset tracking software, you do retrieve a return on investment as these gaps are filled by an automated system.

You can then track asset lifecycles and depreciation information to ensure that your assets are still running exactly how they should be!

Fixed assets will be permanent business assets in the sense that they won’t be sold as stock, but will remain in the business to indirectly create revenue. As such, they can be anything from a stapler to a desk.

IT assets are a subset of fixed assets and include IT hardware and software. Because of this, the type of information you’re adding will be slightly different.

Instead of depreciation data, perhaps, you’ll want to add critical warranty dates and other important fields of information. You can also track PAT test reminders, too, and set them to repeat at whatever interval you need them to.

If you’re tracking software, you can track logins and renewals, for example. So, in this sense, you’re tailoring a reminders feature. Because you have the ability to name one renewal and another PAT test due, you can tailor the software to your assets instead of the other way around.

Equipment moves. It may be a subset of your fixed assets, but equipment is most likely to be the subset of assets that go missing, get misplaced, end up lost on-site, off-site, next to the site and so on and so forth.

This is why you’re best off using asset tags when you’re tracking equipment. Asset tags won’t fit in with software asset management, but they will help you track equipment locations.

This is because you can stick the tag onto your assets and scan it into your system. Then, every time you scan the tag, the assets’ last seen location will update using your phone’s GPS.

This gives you a tidy audit trail of where your assets have been and when, minimising the chance that assets will go missing. On top of this, you still have the same equipment checkout features, reminders features and information logging features, as well as the ability to run customised reports, as you do for other types of assets.

As you can see, it’s not the type of asset that’s important. The best asset tracking software will let you track any type of asset. This can be equipment, fixed assets, IT assets, or something that’s so niche to your business that it’s so ridiculously valuable and can’t be misplaced or replaced.

At itemit, we’ve helped people track it all. itemit’s asset tracking capabilities span across the globe with customers from Australia to Hong Kong to America to Chile and beyond.

Our clients are using the system to track movie props, radios, tools, equipment, costumes, musical instruments, conservation assets, oxygen tanks, water pipes, everything. So, whether you’re tracking assets that everyone has, such as a laptop, or something specific to you, itemit can help.

To find out more about how asset tracking can help your business, you can contact the team at team@itemit.com. You can also fill in the form below to start your 14-day free trial.

Instant access. No credit card details required.

or, download the itemit app to get started

In this guide:

1. Know Your Business
2. Consider Asset Tags
3. Calculate Your Potential ROI
4. The Best Asset Tracking Software

In this guide:

1. Know Your Business
2. Consider Asset Tags
3. Calculate Your Potential ROI
4. The Best Asset Tracking Software

The best asset tracking software gives you the ability to monitor, control and make the best out of your assets. It will have a suite of helpful features built for your needs.

How can you choose the best asset tracking software for your business? We’ve written a guide on what to look for when you’re looking to take back control of your assets.

First and foremost, you need to know your industry, your assets and your business. This is because there’ll be slight tweaks and differences your asset tracking software needs to be able to handle.

The best asset tracking software lets you customise your capabilities, but there are still niches and nuances that you need to keep in mind when you’re looking to track your assets.

Knowing what you’re looking for helps tailor your decisions, especially if there is a free trial involved. So, if equipment bookings and check-outs are critical to your operations, you need to know that your software works as equipment booking software. If you have higher-value assets, you need to have software that handles depreciation. 

The best way to think about what you need is to think about your assets, how they behave and how you need to track them then you can work backwards.

Asset tags come into consideration here, too. This is as asset tags can speed up your asset operations, but whether you use them or not will depend on the assets themselves.

You can customise asset tags or opt for RFID asset tracking if the tags need to be concealed. This means that previous gaps of weathering are filled by the ability to use metal tags and the inability to track high-value assets is no longer an issue.

Asset tags work by linking your assets to digital profiles. Then, every time you scan the tag, the asset’s profile opens, ready for edits. This means that if there’s an issue on an asset the workflow is simply to scan the tag and report the issue.

Every time a tag is scanned the last seen location also updates using your phone’s GPS, and the user who scanned the tag is logged as well as the time of the scan. This gives you a clear audit trail of your interactions with assets.

The best asset tracking software lets you scale your usage up and down depending on what is necessary. Therefore, you’ll be able to spend more and get back more for higher-value assets.

You’ll be able to spend less on the software that you get back from it, which gives asset tracking software an edge over spreadsheets. So, if you’re tracking bespoke, high-value assets that move constantly, a fixed RFID asset tracking system may be suitable where it won’t if you’re only tracking small tools and equipment.

Keep in mind that asset tracking software saves you money by reducing duplicate purchases, minimising the number of lost assets, and increasing accountability, but it also saves you time. These time savings can translate to ROI in several different areas, as in healthcare, saving time also saves lives.

Knowing your potential ROI helps you choose the pricing package you need and the hardware you can use for your asset tracking operations.

itemit is the best asset tracking software available on the market. This is because it’s the only software on the market where all of the above is possible.

No other software allows you to mix and match asset tracking hardware, use any QR code or barcode tags, scale your usage up or down significantly, and let you use a suite of great features.

itemit is used worldwide by thousands to track a huge range of assets. The levels of support are next to none and setting up is simple thanks to a range of streamlined features and capabilities.

To find out more about how the itemit asset tracking software can help save your business time and money, you can contact the team at team@itemit.com. You can also fill in the form below to start your 14-day free trial.

Instant access. No credit card details required.

or, download the itemit app to get started

In this guide:

1. Time Saving Benefits
2. Improve Accountability With Asset Labels
3. Customise Your Asset Labels
4. Mix & Match Asset Tagging Hardware

In this guide:

1. Time Saving Benefits
2. Improve Accountability With Asset Labels
3. Customise Your Asset Labels
4. Mix & Match Asset Tagging Hardware

Asset labels complement asset tracking software. While not essential to keeping an accurate log of your assets, asset labels can unlock a range of functions, improvements, and abilities when it comes to managing your assets.

Asset labels are physical tags that you stick onto your assets and link with unique asset profiles. Then, every time you scan an asset’s tag, the last seen location will update and the asset’s profile will open up, ready for you to log your edits.

First of all, asset labels give you a range of time-saving improvements and benefits. Without asset tagging, you need to find your assets on an asset tracking app using a search function. Asset tags remove this need.

Therefore, asset discovery is sped up with tagging capabilities. This means that the process of reporting an issue is scanning an asset’s tag and reporting the fault using a dedicated feature. This process takes seconds, as opposed to moments without tags and hours without asset tracking software.

Every time you scan an asset’s tag, too, the last seen location updates using your phone’s GPS. The time of the scan and the user who scanned the tag is logged too, thus automating a transparent audit trail.

Asset labels then unlock further capabilities. These are great for managing bulk changes or updates to your system as your operations are simplified by a “scan” mentality.

So, if you need to audit your assets and ensure that they’re all in the location they should be, this is simple when you use tagging. All you need to do is select the location you’re in and hit “audit”. Then, you can scan the tags around you and the app will do the rest.

Similarly, if you need to log that a bulk of assets has moved from one location to another, this too is simple. You need only enter the location you wish to move the assets to and press “quick add”. Then, you can scan all of your assets into that new location. Doing this also automatically unassigns them from the location they were in previously.

So, are there any gaps with asset labels? An obvious thought may be how usable they are. If your assets go through weathering, wear and tear, or are used in extreme conditions, how can an asset tag work?

The answer is simple, the code the label itself contains (whether QR or barcode) doesn’t need to be lengthy or complex to be unique, it just needs to be visible. This means that all you need is a good enough contrast between the printed code and the material it has been printed on.

Therefore, you can use anodised aluminium QR tags, for example, for assets that go through more weathering. This improves the labels’ durability and keeps your asset tracking operations running smoothly.

Asset labels don’t only need to be QR tags and barcodes, however, they can also be RFID tags, for example. RFID asset tracking allows you to track hands-free and from a distance, which is critical for certain environments, such as a hospital.

Therefore, you can customise your asset labels, use them anywhere and use them to improve any asset tracking operation. Overall, these tools save you time and money and provide a hefty return on investment.

Only itemit allows you to mix and match asset tracking capabilities and hardware. With itemit, you get a dedicated asset tracking system with great features built on customer feedback from industries across the globe.

You can either use your own tags with itemit or purchase some from the team. itemit’s tags contain a unique profile code that unlocks a public issue-reporting feature and are durable and effective in almost all environments, from the Chilean desert to acres of land in Tanzania.

To find out more about itemit’s tags, you can contact the team at team@itemit.com. You can also start your very own 14-day free trial by filling in the form below. Use your own tags!

Instant access. No credit card details required.

or, download the itemit app to get started