Where To Find The Best Equipment Tracking Software

Where To Find The Best Equipment Tracking Software

Equipment tracking software will help you save time and money. When you know where your equipment is and how it’s behaving, you’ll be able to benefit from:

  • Fewer lost assets
  • Fewer duplicate purchases
  • Time-saving benefits
  • Cost-cutting benefits
  • More transparency over your assets
  • More control over your assets

So, where do you find the best equipment tracking software? There are a few things you need to know first to tailor your search.

How Does Construction Equipment Asset Management Save You Money

Find Out Your Equipment Tracking Needs

First of all, you’ll need to know your equipment tracking needs. Equipment can refer to physical tools and equipment or it can be certain fixed or IT assets.

Knowing your industry will help with this. For example, if you’re looking for construction equipment tracking, it’ll be clearer that you need effective bookings features among robust location tracking.

If you need to track IT assets, you need a system that can handle IT-based information, such as logins and usage data. You’ll also need assignee features to log who is responsible for these assets.

Fixed asset management is a bit broader, as it can include IT assets as well as tools and equipment. Overall, here, you’ll need a powerful system that accommodates depreciation tracking, for example.

Work Out A Budget

The next thing you’ll need is a budget. What is equipment tracking software worth? 

In essence, equipment tracking software is worth how much it saves. If you’re losing twenty assets a month, for example, and using equipment tracking software reduces this to one a month, your ROI is the replacement cost of those nineteen assets. 

Knowing your equipment is important here, too, as if you need to track low-value assets, you may not need a substantial bulk of features and, therefore, can opt for software that’s more lightweight.

However, when you’re working out your budget it’s also important to add time-saving benefits. Time is money, and many of your existing operations will be sped up by using equipment tracking software.

How long do you take auditing your assets? If software cuts this down to mere moments, then you have more resources to add to delivering projects on time and under budget.

Compare Different Asset Tracking Software

Once you have an idea of what you need and an idea of your budget, it’s time to start comparing asset tracking software. The core functionality will be the same, you’ll be able to add assets to your software and use asset tags to track them.

This is where your specific needs come in. Do you need something lightweight that simply tracks asset locations or do you need a full system that allows you to run transparent reports?

Support and free trials should factor into your decision as the cheapest software isn’t the best and won’t necessarily give you the best ROI.

When you’re looking around, keep in mind that you’re looking for something future-proof that has constant updates. It’s no good getting software that works now if it isn’t going to adapt well to the ever-changing landscape of the asset tracking sphere, especially if a support team isn’t receptive to crucial feedback.

itemit’s Equipment Tracking Software

itemit’s equipment tracking software gives you a wide range of capabilities. It is streamlined and adaptable, meaning you’ll be able to use it for equipment tracking, IT asset management and fixed asset management separately or in tandem.

If you need to scale up your usage at any point, this is possible, and so too is starting to use the software to track tools and equipment before scaling to fixed asset management operations.

Our support team is world-leading, and the itemit app has been built off the back of feedback from industries the world over. This means that itemit is future proof and ready for you to use today.

To find out more about how itemit’s equipment tracking software can help your business, you can book a demo here, contact the team at team@itemit.com or fill in the form below to start your very own 14-day free trial.

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