The fixed asset management software market is growing. Recent worldwide developments in technology, a need to get more use out of fixed assets due to supply chain disruption, and a continued move towards digital have expedited growth in IoT, IIoT, and thus, fixed asset management markets.

What does the future of fixed asset management software look like? Ease-of-use, automation, hands-free usage, and more shareability. The future of fixed asset management software is the ability to audit, track, manage, and control your assets with minimal additional work or interaction required.

Hands-Free Fixed Asset Management

The future is hands-free. Hands-free is essential in mitigating the spread of diseases, and so fixed asset management software will follow suit, implementing features which will help with hands-free asset tracking.

For example, the ability to view, log, and report issues related to facilities management assets is essential to reduce the amount of human interaction with the asset itself.

Hands-free issues reporting and maintenance tracking is the solution to this. With hands-free equipment maintenance tracking, anyone can report issues to a maintenance team, who can then remotely view and prioritise issues, creating a more effective maintenance system. 

The hands-free nature of this allows the maintenance team to minimise the amount of time needed to interact with assets, keeping them safer.

The future will be the expanding of these features, allowing for more hands-free interaction and more remote working.

Sharing Your Fixed Assets

Shareability has been a large part of the 21st century. Why shouldn’t this apply to fixed asset management?

The more people using your fixed asset management software, the faster your maintenance, location tracking, and asset retrieval processes are. 

Crucially, you can set user permissions so that any sensitive information remains hidden. 

Therefore, the future of fixed asset management software here is clear: more shareability and more scalability. The more you can share your assets, the less work that’s needed to be done.

Automated Fixed Asset Management Software

The next step for fixed asset management software is more automation. Automation is a large part of the future. Minimising human error, making work easier to do, and creating a more predictable operational outlook is all possible with automation.

With automation in fixed asset management software, any changes to fixed assets will be automated. Currently, logging asset movement is the easiest way to automate.

At RedBite, we’re already working on innovating in the IoT sphere to automate your fixed asset management.

Fixed RFID Asset Tracking

One of the closest developments for RedBite’s fixed asset management software, itemit, is the integration of fixed RFID tracking.

itemit is the world’s only fixed asset management software where you can use a combination of tags. Mix and match RFID, QR codes, Barcodes, and GPS!

Soon, itemit will be the world’s first asset tracking solution which has off-the-shelf fixed RFID asset tracking integration. 

If you’re interested in inexpensive fixed RFID tracking for your business, you can contact us below:

GPS Asset Tracking

GPS solutions in the asset management system market are set to grow at the highest Compound Annual Growth Rate compared to its competitors (RFID, BLE, Barcodes, QR Codes).

With GPS solutions, the risk of asset theft is mitigated, as you’ll be able to view and monitor where assets are in real-time. This development also allows for more automation.

To find out more about GPS tracking, you can contact us below:

You can already monitor your assets from anywhere in the world, but these new developments will give you a more complete view of your asset tracking and management processes. 

itemit is always developing and is already a heavy-hitter in the fixed asset management software world. To find out more about how you can save time and money with itemit, you can contact us at team@itemit.com, or you can start a free trial using the form below.

Or, you can check out these blogs:

The Complete Guide to Asset Management Software UK

How To: Fixed Asset Tagging

Tool Tracking Tips: Optimise your operations with a construction tool tracking app

Instant access. No credit card details required.

or, download the itemit app to get started

Fixed asset tracking is essential to ensure your business is running as smoothly and effectively as possible. With fixed asset tracking, you’ll be able to monitor your costs and operations better to save time and money. 

Fixed asset tagging allows you to streamline and optimise, and is essential to increase your visibility over assets and ease-of-use when it comes to managing fixed assets.

With fixed asset tagging, you’ll be able to do many more things, including edit asset information faster and manage your fixed asset inventory with ease.

Types of Fixed Asset Tags

The types of fixed asset tags you’ll use will depend on your needs. For example, with construction equipment tracking, you may want to consider using a solution which integrates GPS tracking. With GPS tracking, you’ll be able to monitor asset location in real-time.

Generally, you’ll build your fixed asset tracking processes up by starting off with QR code asset tags or barcodes. These will open up many of the helpful features fixed asset tracking software can provide.

You’ll be able to customise your QR codes and barcodes. So, it’ll be possible to use metal QR tags or sticker tags, depending on how much wear and tear the tools and equipment you’re tracking goes through.

Which are better, QR codes or Barcodes? Find out in our QR Codes Vs. Barcodes blog.

How To Implement Fixed Asset Tagging

There is a simple step by step process behind implementing your fixed asset tagging processes. Your goal will be to save time and money by increasing asset visibility and reducing asset retrieval times, as well as improve other processes fixed asset management can help with.

1. Create Your Fixed Asset Register

The first step is to audit your assets and create a fixed asset register. If you’re familiar with spreadsheets, you’ll be familiar with the limitations spreadsheets have.

However, if you have a spreadsheet of a fixed asset inventory, you’ll be able to use this in the first step towards better, more automated fixed asset tracking.

Knowing what you own will help inform your fixed asset management decisions, but it’s still essential at this stage your inventory is as up to date as possible. This way, you’ll avoid dreaded ghost assets and zombie assets.

2. Choose Your Asset Tags

When you have a register of your fixed assets, it’ll help steer the next steps of your decision. 

Choosing your asset tags is a lot simpler when you can see which fixed assets require rugged labels and which only need sticker tags.

If you want to purchase QR code asset tags, you can look through our options below. We also do custom labels, such as tiny QRs and iron-on tags, so don’t hesitate to ask!

3. Choose Your Fixed Asset Tracking Software

Knowing which tags you need and which assets you own will help you decide what you’ll need your fixed asset management software to do. For example, if you can see that your fixed asset register is largely made up of laptops, you’ll want to opt for a software that has a lot of IT asset management features.

When you’re choosing a fixed asset tracking software, you’ll be able to start a free trial to ensure that the software does everything you need it to.

If you want a demo, you’ll be able to book one using the button below.

This way, you’ll have absolute clarity that your fixed asset management software has time-saving and cost-saving features. 

As you’ll already have the tags, you’ll be able to start testing straight away and ensure you’re making the right decision. You’ll be able to implement fixed asset tagging on a few of your assets to test before you scale your solution.

4. Expand it to your entire business

Once you’ve trialled, purchased, and started to use your fixed asset management software, the next step is to expand asset tracking to your entire business.

This involves implementing your fixed asset tagging processes across your business, tagging all of the assets you have on your register.

It’s possible to import your fixed asset register into your fixed asset management software, including fixed asset tag information, so that once you’re scaling, all you need to do is start tracking.

All you need to do is contact us. We’ll be happy to help you get up and running as soon as possible. Drop us an email at team@itemit.com or fill in the form below to start tracking your fixed assets.

Or, you can check out these blogs:

Tool Tracking Tips: Optimise your operations with a construction tool tracking app

Why you Need Computer Asset Tracking Software

The Best Practices for Using an IT Asset Register

Instant access. No credit card details required.

or, download the itemit app to get started