The Benefits Of Using Asset Tracking Software

The Benefits Of Using Asset Tracking Software

The Benefits Of Using Asset Tracking Software

Tracking assets is serious business and it’s something that’s becoming increasingly popular. While businesses everywhere have always tracked assets they’ve not always used a digital solution. 

The great news is that you can now find asset tracking software that can help you. It’s possible for you to keep a close eye on your assets all of the time. 24 hours a day, 7 days a week, that’s how long you can track your assets for. But what are the benefits of tracking your assets? Let’s explore this now.

Assets Can Be Located Quickly

One of the major benefits of using the latest asset tracking software is its ability to locate each asset. It’s realistically possible for you to know where your assets are located all of the time. 

With the touch of a button, you can see where each asset is. Alternatively, you may be able to track a chosen group of assets. This could prove to be very useful if you’ve sent some equipment out in the field, for example. You could see whether your equipment has reached a construction site, a specific office, or any other location. This feature can also be useful if you want to see where your assets are along the M11, for example. Being able to locate your assets quickly can provide reassurance while also boosting security. This is one of the major benefits associated with tracking your assets.

Business Asset Tracking

Less Time Can Be Spent Ticking Boxes

It’s very likely that you spend a lot of your working day ticking boxes. This process can take up quite a bit of your time. The really good news is that when you use asset tracking software box-ticking may not be required. 

You could, for example, tell your software to automatically create an invoice for each of your customers. You could receive a notification when an invoice is paid. Failed to receive a payment from a client on time? A letter that includes a late payment fee could be sent. 

This particular feature could also be useful if you need to check off a delivery, send the same message to more than one colleague, and so much more. Your new asset tracking software could save you a lot of time. 

Spreadsheets Can Be Replaced

In the past, a lot of businesses used to rely on spreadsheets. It was the latest and most convenient way to track your assets. The only problem is that using a spreadsheet can be very unreliable. 

Inputting the wrong equation and adding incorrect figures is very easy. Unfortunately, this was and still is a common occurrence. When the wrong equations and figures are used, they can give you incorrect information. It’s this information that you could use to make business decisions.

When you use reliable and modern asset tracking software, however, you can eliminate such errors. You could constantly receive accurate data each time an asset is used, sold, replaced, repaired, and so on. In some cases, you could export this important data and examine it. Being able to do this ensures that you can read the data and make more informed decisions. However, in order to do this you need to use tracking software that comes with this feature. Check what features are offered before you choose tracking software.

Assets Can Be Assigned To Sites And Team Members

Did you know that you can assign assets to both sites and team members? Being able to do this ensures that only the right assets are used by the right people. This can help to increase security and ensure your assets are less likely to get lost, damaged, or stolen. 

When you assign assets to team members and sites, it will be obvious that they are tracked. The barcodes, QR codes, or RFID tags used will be visible. It’s this that can help to prevent assets from going astray. Additionally, it also ensures that your assets are taken care of. A direct consequence of this means you could spend less on maintenance. 

Imagine being able to spend less money replacing and repairing your assets. You could use the money you would have spent on repairs, for example, elsewhere. A result of this means that you could save money or divert it to areas where it’s much needed. All of this is possible when you use the right asset tracking software.

Profit/Loss saved asset tracking

Ideal for Any Business

Asset tracking software is ideal for any business. Whether you’re a multinational corporation, a big business in the centre of town, or a small business that’s just starting out. You could benefit from using software that tracks all of your assets. The great news is that tracking assets is easy, reliable, and hugely beneficial. It’s up to you whether you want to make the most of all that it has to offer. 

 

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How To Boost Your Business Operations With A Fixed Asset Register

How To Boost Your Business Operations With A Fixed Asset Register

How To Boost Your Business Operations With A Fixed Asset Register

Boosting business operations is typically at the forefront of your business’s goals. Should you achieve a boost there’s a real chance that your business could grow. However, this can be easier said than done. Boosting any aspect of your work can take time and effort. The great news is that when you use a fixed asset register, it’s more achievable. You simply have to use an asset register format that is flexible and reliable.

Increase Your Business’s Productivity

Increasing productivity is an integral part of any business’s future. It’s also an activity that can help to boost overall operations. 

When you use an effective and modern asset register format, increasing productivity is possible. 

A fixed asset register can remove those mundane box-ticking exercises and turn them into something that takes less time. You could, for example, assign tablets and laptops within moments rather than minutes. You could check who is using which machines and who is driving what vehicles. These easy and quick actions could help you to increase productivity.

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Lower Your Maintenance Expenses

Every time an asset breaks down or needs tweaking, money is spent. In fact, you could find that the whole maintenance process is quite expensive. So, what can help you to reduce these costs? A fixed asset register, of course. 

Depending on the asset register format you choose, you could set up maintenance reminders for all of your assets. You could schedule yearly, monthly, quarterly, or even six-monthly reminders. With these reminders, your assets of all shapes and sizes could be maintained on a more frequent basis. A direct result of this is that your assets could be in better condition, thus reducing maintenance expenses. 

Did you know that when you use a fixed asset register it’s possible to track which assets have undergone maintenance and even their status? This information can help you to understand what’s in better condition and which assets may need to be replaced soon.

Get Rid Of Ghost Assets

Ghost assets are those assets that are still in the system but for some reason aren’t being used. This may be because the asset is:

  • Lost or stolen
  • In a long queue for maintenance 
  • Out of action with no one knowing why

Ghost assets can be a thing of the past if you use a good asset register format. A modern register can help you to identify any missing or damaged asset with relative ease. This is possible because when you create an asset register you scan and take account of all of your assets. Any that are lost, stolen, out of action, etc. can be easily identified and actioned. It’s this action that can help to boost your business operations. You’ll know what assets you have and each asset’s status. Information such as this is hugely important to any business.

Track Your Assets In Seconds

You can track your assets in a matter of seconds and help to boost your business operations. When you use an asset register format that lets you track your assets you are onto a winner. Any fixed asset register that lets you see where your asset’s last-known location is can be of great help. 

When you can find your assets right away it means you no longer have to spend a lot of time searching for them. You can log into your chosen software and see where a particular asset is in no time at all. Even if you wish to track fixed assets, knowing where they are can help. Fixed assets are those that tend not to be moved and assets you’ve had for at least a year. 

Imagine being able to log into your chosen software and locate an asset within seconds. Doing so could help you to get your chosen tasks completed in less time. It’s this that can help to increase productivity and boost business operations. To do this, please make sure you have attached an RFID tag, barcode, or QR code to your assets. When you have, you can track them quickly and easily.

Start Streamlining Your Operations

When you use an asset register format that works well, you begin to streamline your operations. When used to its full advantage, software such as this can free up time, remove ghost assets, increase productivity, and lower your maintenance expenses. When all of this takes place, your business operations will begin to be streamlined. There’s a real opportunity here for your business to benefit from all that the right fixed asset register can offer you. All that you need to do now is to opt for a register format that appeals to you. 

Would you like to have a chat with an asset register format expert? Contact us now at team@itemit.com

 

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Tips For Choosing The Right Equipment Management Software

Tips For Choosing The Right Equipment Management Software

Tips For Choosing The Right Equipment Management Software

Nowadays, many businesses of all shapes and sizes use management software to control their assets. Any reliable equipment management system will let owners, managers, and their teams have more control. A consequence of this is that the business in question can be more organised, productive, and potentially more profitable. 

But how easy is it to choose the right software? Let’s explore this now.

Think About What You’re Looking For

What is it that you want from an equipment management system? Would you like it to show you where your assets are or who is using them? Perhaps you’d prefer it if you could quickly note the asset’s price at purchase or its instruction manual.

When you know what you’re looking for, you’re much more likely to find the right type of software.

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Consider Whether You Need A Location Tracking Feature

A distinct and very clear advantage of using any modern software is its location tracking feature. In fact, being able to track any amount of chosen assets is a major reason for using such software. 

When you use this feature, depending on which equipment management system you use you could: 

  • See exactly where each asset is located
  • Understand whether some assets have arrived at the correct destination 
  • Know if your assets are in the right hands
  • Allow you to have peace of mind

Understanding where your assets are tends to be very easy. There typically isn’t a difficult method for you to use. Depending on the equipment system you choose, you may be able to locate your assets by doing some of the following:

  • Attaching a barcode, RFID tag, or QR code to each asset
  • Scanning the barcode, RFID tag or QR to open up and create a digital profile
  • Using this profile allows you to add information about the asset in question and track it, should you wish to
  • Help you to understand whether an asset is in need of maintenance 
  • Help you to understand who is using and who has used the asset

Please note, the above explanation is just an example. Your chosen software/system may do things slightly differently. Before you opt for some software, make sure it offers you what you want. It would be a shame if you purchased some equipment management software that wasn’t right for you. Make sure you check so that you have what you need.

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Do You Need Multi-Device Access?

Many types of software offer you the chance to access your new tracking system via a range of devices. Some only ever let you have access via your computer. The good news is that you can find at least one equipment management system which has multi-device access. You could, for example, log in using your desktop computer or your laptop. Perhaps you would like to log into the software via your phone or your tablet. Irrespective of the type of device that you wish to use, you could log in with ease. 

Did you know that as long as you can gain access to the internet you can log into some management systems? You could, for example, be in your office and choose to log in via your tablet. You may be at home and decide to use your desktop. You could be on the train and log in using your smartphone. Finally, you could be working in the field and log into the portal using your laptop. No matter where you are, you could gain access using a range of devices. Ensure you opt for some software that offers you this as it can make life easier.

Think About Each Asset’s Digital Profile

Now it’s time for you to think about each of your asset’s digital profiles. What would you like them to contain? This may not be something that you have previously considered. However, as soon as a digital profile has been created it can be filled with important information. This is, of course, as long as you use an equipment management system that allows this. If you do, you could fill your digital profiles with every asset’s date and price of purchase, warranty and insurance details, instruction manual or link to it, list of permitted users, and even a photograph of the asset. 

You may even wish to mention where the asset is typically located. This could be beneficial if you are tracking fixed assets that are stored in a large building or on a large construction site, for example. While the location tracking feature can help, sometimes just knowing that a machine is at the end of warehouse 4 can also help. 

Think about what you want from your chosen management software. Make sure that when you sign up for something, it offers you all that you need. When it does, there’s a real chance that it could make your working day so much easier. 

 

Wish to speak with someone knowledgeable about using an equipment management system? Contact us now at team@itemit.com

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How To Reduce Equipment Downtime

How To Reduce Equipment Downtime

How To Reduce Equipment Downtime

As the manager or owner of a business, it’s understandable that you want all of your equipment to work well all of the time. When it doesn’t, the downtime can cause a lot of issues such as delayed orders being completed, and potentially disappointed customers. However, it is possible to reduce downtime and realistically help to prevent it. When you use a fixed asset register you can have more control over those downtimes and so much more. As a result, your business could potentially perform better.

Make Use Of An Asset Register

If you’re serious about reducing equipment downtime you need to start using a fixed asset register. An asset register will ensure that you can track everything you wish. In other words, you can track machinery, tools, equipment, computers, vehicles, and anything else. If you’re using a register to track fixed assets, bear in mind these are assets that always stay where they are. In other words, your machines, production lines, and so on.

Business Asset Tracking

How A Fixed Asset Register Can Help

A fixed asset register can help by keeping you up-to-date with how each of your assets is performing. One of the major benefits of using this type of register is that data tends to be created whenever your assets are used. What this means for you is that you have the opportunity to see how your assets are performing. You can also see how your business is running on a whole new level. 

If this is not enough, when you use reliable asset register software each asset will have its own digital profile. To each profile, you can add information such as each asset’s:

  • Date of purchase
  • Warranty and insurance details 
  • The model number and make
  • Estimated value
  • Estimated lifespan
  • User guide/instruction manual
  • And any other information that you wish to add 

All of the above information can be read by a user when they access an asset’s digital profile. This can be particularly useful when it comes to accessing an asset’s maintenance schedule. It’s this that can have a huge impact on reducing and even preventing asset downtime. 

Create Maintenance Schedules

Maintenance schedules can make such a difference to each of your assets. Schedules such as these can be set for each of your fixed assets. If you have some non-fixed assets that you wish to track a maintenance schedule can also help. 

When you set up a schedule, you’re ultimately asking your fixed asset register to help you look after your assets. A schedule can help you and your maintenance team to ensure your assets are in good condition. A schedule can be set up for each of your assets so they’re examined and repaired, if necessary. The examination and repair can take place yearly, quarterly, monthly, and so on. 

When your assets are examined more frequently they stay in better condition. They are much less likely to cause you problems and as a result, they can last longer. All that you have to do is set up a schedule for each asset. The next step is to ensure the maintenance team receives alerts and takes action. A direct result of this could mean that you experience less equipment downtime.

Check All Your Assets In And Out

Did you know that when you check your assets in and out you go further to reduce downtime? You can ultimately see which member of your team is using which machine. Additionally, you can see where your assets are. This can prove to be helpful if you work in a large building or in multiple buildings. You can see exactly where the machines are. This means you may not have to spend a long time searching for them. 

Additionally, when you check your assets in and out you can see who is using them. You can also see which assets in your fixed asset register are undergoing maintenance. This can help to prevent downtime as it means you can see which assets you can use. In other words, you won’t have to spend time waiting for a particular machine to come back from maintenance. 

The check in and out feature also allows you to book equipment in. You could, for example, book in one of your machines so you can use it when another team has finished. Knowing when a machine is free means that you can use it almost immediately. It’s this that can also help to save equipment downtime. 

When downtime is minimised it ensures that tasks are completed and more deadlines are met. It also helps to increase turnover, while ensuring you can keep your happy customers happy.

Wish to chat with someone knowledgeable about using a fixed asset register to reduce equipment downtime? Contact us now at team@itemit.com

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GPS Versus QR Codes: Which Is Better?

GPS Versus QR Codes: Which Is Better?

GPS Versus QR Codes: Which Is Better?

Many asset tracking companies happily supply their customers with GPS technology or QR codes. These two types of technology are often in competition with each other, without customers realising. This is simply because they can work in the same way. However, the latter is considered to be far superior to GPS as it can do so much more. 

Whether you want to keep an up-to-date ICT asset register or see where your vehicles are, it’s worth considering each option. Let’s now take a look at both GPS and QR codes a little closer so you can understand what they offer.

What Is GPS?

GPS technology is already a large part of the lives of those who travel by car. We rely on this technology to help us get to where we need to be. GPS tracking works by linking the little device you use to satellites. These satellites send you constant signals to show you where you are. They can also show you where an asset that you want to track is. 

Did you know that GPS technology was originally developed for the military? 

Many businesses tend to use this type of technology so they can see where their vehicles are. However, this is not the only way that businesses use GPS. They also use this technology to help them to see where assets that were in their central warehouse are now.

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The Advantages And Disadvantages of GPS

GPS tracking is known for being automatic. What this means is that you should not have to manually input any data so you understand where the asset you’re tracking is. This could be a good thing if you’re tracking a fleet of vehicles. Let’s imagine you have created an ICT asset register and you want to know where your computers are at all times. GPS may not be helpful in this instance as you may only receive location updates every 10-15 minutes. Another clear disadvantage is that Global Positioning System (GPS) technology is not cheap nor can trackers easily be affixed to assets. What this means for you is that no matter what assets you wish to track, tracking them could be difficult.

What Are QR Codes?

A Quick Response (QR) code looks a little like a barcode. This code can be read by a scanner very easily. In fact, most digital devices such as smartphones can both scan and read a QR code within a few seconds. 

Many people have seen or used a QR code without much thought. These days, QR codes are often found on restaurant tables or menus. They can even be found on chairs in theatres, encouraging you to order drinks and snacks to your seats. 

QR codes can and do work in a similar way to GPS systems. They can help you to keep an eye on your ICT asset register and track your asset’s location. However, they can do more than offer you location-tracking services, as we are about to see.

The Advantages And Disadvantages Of QR Codes

So you want to track every asset in your ICT asset register. Using QR codes to help you do this is a good idea. This is because there’s a real potential for you to access a large amount of data just by scanning a QR code. This is thanks to the QR Codes’ very unique mode of operation. When you scan the square code, all of the data that you’ve inputted into your ICT asset register, for example, will be displayed. Consequently, you can gain access to a lot of information very quickly. 

One of the disadvantages of using QR codes is they are unable to show you exactly where your assets are. This is why codes such as these also harness the power of location-tracking technology. You can see where your assets are at all times, and gain access to a lot of information.

itemit asset tracking software logo

Why QR Codes Are The Right Choice

QR codes are the right choice for you and your business because of what they offer. This technology allows you to track everything in your ICT asset register and/or any other asset register you have. Additionally, you can add as much information as you wish to your register and that information will be displayed upon scanning the relevant QR code. 

Easy to attach to each asset, QR codes help you to detect the location of your assets, giving you peace of mind. Some providers of QR codes even let you add your logo so it’s easy to see who the asset belongs to. It’s not surprising then, that more and more business owners and managers are choosing to use QR codes. 

Would you like to speak to an expert about creating an ICT asset register with the help of QR codes? Contact us today at team@itemit.com.

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Business Systems And The Integration Of Tracking Software

Business Systems And The Integration Of Tracking Software

Business Systems And The Integration Of Tracking Software

Without a shadow of a doubt, you and your business use a range of systems to help you get through the day. From computer software to handheld devices, smartphones, and everything else, it’s likely that you rely on a range of systems. The thought of integrating tracking software may not put you at ease. After all, you could be used to doing things a certain way. However, when the tracking software comes in the form of an asset register app, it may seem less frightening. 

There’s a real potential to use the app combined with your current business systems to help you track your assets. Tracking your assets via an asset register app/software can be very useful for your business. Let’s take a look at why:

Why Tracking Assets Is Important

The process of tracking assets is potentially a lot more important than you realise. When you track an asset you have much more control over it. You can see where the asset is, where it has been, who is using it, its maintenance status, and even how much it’s worth. You could also communicate with others about the status of the asset, see how many times it’s been used, and who uses the asset the most.

When you track some or all of your assets via an asset register app and/or an online portal you can have peace of mind. You can see where everything is at the touch of a button, adding an extra layer of security.

Not a lot of people know that you can also create a lot of data each time you use an asset. In fact, as soon as you start to track an asset, the data creation begins. It’s this data that can help you to see how well your assets are performing in different ways. You could see how many times your favourite hopper breaks down. You could see which locations your vehicles tend to visit the most, and so on. It’s no wonder then, that more and more businesses around the globe are tracking their assets.

Business Asset Tracking

How To Use An Asset Register App Effectively

The thought of using an app to help you track your assets may seem daunting. The good news is that these days, apps are made with users in mind. The UI (User interface) tends to be easy to read and navigate. It may also offer you the chance to track various aspects of each asset. However, to do this effectively you should:

  • Track all of the assets that are important to you
  • Attach a QR code, RFID tag or barcode to an asset and scan it so a digital profile is created
  • Add as much information about each asset as you wish to the asset’s profile, such as the date of purchase, cost, insurance and warranty information, expected lifespan, maintenance reminders and records, and user instructions
  • Start tracking the location of the asset, even if it’s a fixed asset. Doing so could help your colleagues to locate it with ease
  • Consider using your asset register app on many different devices such as your smartphone, laptop, tablet, and desktop computer. The more devices you use it on, the more convenient it will be

The above tips can help you to get the most out of your tracking software. As a result, you could benefit from using the software more than you imagined.

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The Integration Of Tracking Software With Your Business Systems

The integration of tracking software with your business systems is possible. You could use the software alongside or even instead of your current business systems. However, it would make sense for you to use it alongside your current business systems until you are used to the software. Doing so could help you to see how much an asset register app can do for you. Consequently, there’s a real chance that you could have more control over your assets and your business as a whole. 

Did you know that the data provided by your chosen tracking software could help your business to grow? This is simply because it can show you how your assets are performing. A result of this means that you could potentially take your business in a whole new direction. Alternatively, you could see which areas you’re performing well in and concentrate on those areas. 

This might not be something you could do without integrating tracking software. It, therefore, makes sense for you to use your new software alongside your current business systems for now. When you realise tracking your assets makes a huge difference, your business could benefit in a variety of ways.

 

Would you like to speak with an expert about using an asset register app alongside or instead of your current business systems? Contact team@itemit.com.

The Ideal Way To Integrate Asset Tracking Software

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