3 Things You Can Do Now to Help Your Business Be Better Prepared for Global Disruption

asset tracking software: 3 things you can do now to help your business be better prepared for global disruption

Responding to global disruption may not be something your business was really prepared for. Even for those businesses that felt ‘prepared’, the unprecedented nature of the COVID-19 pandemic has caused us all to rethink. The rapid and drastic impact on our everyday lives, social distancing and a large-scale move towards working from home gives us all plenty of food for thought as to how to move forward from this in a stronger, more adaptable way.

As businesses with a drive to succeed and continuously improve, we must ask ourselves: What can we do to make ourselves more robust? How can we streamline our operations? What changes can we make now that will help us to be better prepared should we ever be faced with something like this again?

Here’s a quick rundown of just some of the things we can all think about and act on now to create a better tomorrow.

 

1. Create or Update your Disaster Response Plan

Many businesses have a disaster response and recovery plan as part of their business continuity planning. However, even those businesses with existing plans in place will have learnt plenty from the COVID-19 pandemic. We now all have the benefit of hindsight and can look back at what could have been done better and what can be done better moving forward

To be better prepared, it’s worth considering these main areas:

Remote working – In recent years, there has been an increasing trend in the UK of remote working or working from home. However, many businesses were reluctant to move towards a more flexible style of working for fear of unmotivated staff, decreased productivity and loss of morale. However, in the aftermath of COVID-19, the Office for National Statistics (ONS) reported that almost 50% of the UK workforce are now working from home

Although this isn’t surprising, given the circumstances we find ourselves in, it’s fair to say businesses as a whole had a big surprise when they were forced to work this way. Looking to the future, what will your plan of action be? Will you introduce a more flexible style of working so that any future disruption has less of an impact on your team?

 

Streamline your operations – From a financial perspective, especially given that we’re seeing what could be a record contraction of the UK’s GDP, it’s never been more important or urgent to streamline processes, ensure robustness and plan for the future.

 

2. Move towards Contactless Products and Services

How you approach and manage this will heavily depend on what business you’re in. At itemit, we design and build asset tracking software which is available with zero contact. We also sell physical QR code asset tags to complement the software so other than switching our delivery processes, we’ve been lucky enough to continue business as usual. 

The process of responding to social distancing and the lockdown for us was far easier than for many other businesses. If your business is unable to deliver its products or services remotely, then this period of change has been far more challenging. However, we are firm believers that there is always something that can be improved. Beforehand, perhaps you were a regular onsite visitor with clients or to give presentations or demonstrations? Now, remote demos and video calls have become a part of everyday life – why not make this a permanent switch? Not only are there time and money savings for your business, but just think of the benefits to the planet! 

What other opportunities is the ‘new normal’ throwing up for your business when it comes to customer support and product delivery?

 

 

3. Introduce Asset Tracking Software to Prepare for Remote Working

For the first time in modern history, it’s become clear that for many companies, an office isn’t essential to get the day to day work done (although of course, they still have great social benefits). So, like many businesses in the aftermath of COVID-19, you may be weighing up the options of staggering a return to the office or even long term partial or complete remote working.

When it comes to managing a remote workforce, there are plenty of things to consider: communication, motivation, morale and tracking IT hardware – to name just a few. Now, we can’t help you with all these aspects, but we can ensure you track your assets effectively. itemit is an asset management system that lets you keep track of your fixed assets and IT assets with ease.

The best practices for managing IT assets given to remote workers is as follows:

  • Ensure all assets, hardware and equipment are logged in your system
  • Assign assets to members of the team, so you know who has what and where it is
  • Ask staff to scan assets regularly to stock check them
  • Record when assets are returned to the business

To find out more about managing hardware given to remote workers, check out these blogs. 

IT Asset Management Software and working from home
hardware asset management, coronavirus, and working from home

The future is uncertain but what we can be certain of is that we will face challenges moving forward. We hope this blog has helped you to consider opportunities for improving processes that will ensure your business continuity is as robust as it can be.

Our friendly team are on hand to advise you and help you get set up remotely. itemit’s asset tracking software can help you mitigate financial risks and maintain transparency over productivity. To find out more, you can contact us at team@itemit.com or fill in the form below.

Prepare for Global Disruption With Asset Tracking Software

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How To Use Equipment Management Software

How to use equipment management software

Equipment management software gives your business a clear overview of what assets and equipment you have, where they are and their condition. By logging your equipment and tracking how it’s being used, what its status is, whether it needs maintenance or not and where it was last seen saves you a lot of time and money. 

Is it time you took back control of your equipment? Here, we’ll cover how to use the itemit equipment management software and throw in some handy tips and tricks along the way.

 

Step 1: Log and Tag your assets

The first step is auditing your equipment and adding them to your equipment management software.

There are a few things you can do here. For example, if you already have an asset register, you can take advantage of the itemit data import service to translate this asset register into itemit in one go! We’ll ensure you’re making the most of itemit’s best features too!

Overall, the best practice is to tag your equipment as you log them as this saves you so much time. In addition, you greatly minimise the chance of ghost and zombie assets, and you can start tracking your assets sooner.

 

Step 2: Add Crucial Asset Information

After you’ve logged your equipment, you’ll want to add crucial information. This can be user manuals, warranties, insurance details, anything.

 

Step 3: Start Tracking

The next step is to start tracking and updating asset data in your equipment tracking software. Now, every time maintenance is required, an asset is booked out, or an asset moves location, all it takes is the scan of an asset’s tag to update this information.

 

What’s Next?

So, you’ve started tracking your equipment. What’s next? How does this help? Effectively, now, you’ll want to continue updating your equipment’s data.

There are two ways you can do this.

 

1: Monitor Asset Usage

Firstly, updating information and editing asset data helps you monitor the usage. This way of monitoring a piece of equipment shows you the history of a specific asset. For example, if you’re fixing an asset, you’ll be able to use the asset’s history to diagnose what might have caused the problem. If you see that the asset has required several fixes, you’ll know you can think about decommissioning and replacement.

 

2: Use and Export Reports

Converse to specific equipment tracking, using reports in your equipment management software shows you bulk changes and trends. Equipment management can, therefore, show you the micro (changes to a specific asset) and the macro (changes to all of your assets).

Reporting can display where a group of assets have been, and it can help you verify that every asset has ended up where it needs to be. For example, if you’re moving from one construction site to the next, reporting will show you any assets that might have been left behind.

 

How does Equipment Management Software Save you Money?

There are a few key ways:

  • Fewer lost assets
  • Fewer duplicates purchased
  • Money saved on asset retrieval
  • Less asset downtime
  • More efficient decommissioning processes
  • More visibility of an asset’s lifecycle

 

Try itemit for free today

So, what are you waiting for? Start your free trial of itemit today, and we’ll throw in some free QR codes. See for yourself how much time and money you can save with itemit! Simply complete the form below.

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Top 5 Asset Management System Features

Top 5 Asset Management System Features

An asset management system gives you more control over your business assets and your business’ workflows. With an asset management system, you’ll be able to:

  • Monitor asset changes
  • See who’s using assets
  • See where assets are
  • track equipment maintenance
  • and more!

There are a few fundamental features that your asset management software must have to give you the most benefit. These will allow you to streamline your processes and increase the responsibility your colleagues feel for your assets across your whole business.

 

Tagging Assets for Location Tracking

One of the primary purposes of asset management is to know where your assets are. This is achieved by tagging your assets. Different asset management systems allow you to use different types of tags. At itemit, we believe you should be able to use whatever tags you like. With itemit you can tag your assets with:

  • QR codes
  • Barcodes
  • RFID tags
  • GPS tags **COMING SOON!

Asset tags allow you to scan and immediately see the asset’s digital record. For example, if you’ve stuck a QR code asset tag onto an asset, you need only scan the tag using itemit’s built-in QR/barcode scanner to view and start editing the asset’s information. 

What’s more is that every time you scan this tag, the asset’s location and the user who scanned the tag will also update, showing you specifically where your assets have been. This allows you to map out historic asset movement and use for better, more specific future planning.

Tagging and Tracking with QR Code Asset Tags

Categorising Assets by Type, Location or Assignee

The ability to group and categorise assets is crucial in any asset management system. We’ve worked closely with our existing clients to ensure the features you need are readily available in itemit. For example, if you want to track your IT assets separately to your fixed assets, the itemit ‘collections’ feature allows you to do this with ease! Simply categorise your assets for easy management and reporting.

In addition, if you have a large office, or if you’re onboarding many new members of staff, a crucial feature your asset management system should have is an assignee feature. itemit offers you a quick and intuitive way to assign equipment to staff members. That way, you’ll always know who has what. 

Check out our quick tutorial video that shows you how to use the itemit assignee functionality!

Assign Assets to your Colleagues

Equipment Booking and Checkouts

Check in check out software or equipment booking software is a great addition to your asset management system’s features. If you can book assets in advance, you can signify to your team that they won’t be able to use the asset. As a result, you and your team will never double book an asset and have the added guarantee that your assets will be available to you when you need them.

It couldn’t be easier, here’s how it’s done!

bookings and check in check out

Maintenance Reminders and Issues Management

When it comes to equipment tracking, maintenance is crucial. So, being able to set reminders for routine or pre-emptive calibrations and maintenance means that you never miss a date. Then, if a piece of equipment requires reactive maintenance, simply raise an issue using the itemit issues management feature and manage incoming faults from the itemit web portal.

Reminders and issues management both minimise asset downtime, keeping your business running more efficiently than without this level of transparency.

Customisable and Exportable Reporting 

Finally, and arguably most importantly, you need an easy way to run customisable reports. After all, what use this all this data if there’s no way to analyse it. The itemit reports feature was built with flexibility at its core. This means you can run reports and filter by any of the standard properties but also by any of your own properties. The handy saved reports feature lets you save these reports for quick and easy access in future! Here’s a quick look at how this works.

customisable and exportable reporting

What now?

The itemit asset management system has all of these features and more. If you have any questions, give us a call on 01223 421611 or drop us an email: team@itemit.com.

If you’re looking for more information, why not check out some of our other blogs.

The beginner’s guide to IT asset management software

What are the benefits of a fixed asset register?

A guide to everything you need to know about asset tags

Start Using Our Asset Management System Today

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What Information Should I Add to my Fixed Asset Register?

What Information Should I Add to my Fixed Asset Register?

If you’re creating a fixed asset register, one of your first thoughts will be what kind of information you need to add to it. So, after you’ve logged your assets and your inventory, then what? Which information should you add?

If you’re still at the stage of assessing what exactly a fixed asset register is or how an asset register will benefit your business, then we suggest checking out some of our other blogs first to get up to speed.

 

What are the Benefits of a Fixed Asset Register?
fixed asset management software roll out in business
3 reasons you need fixed asset management software for your business

1. Essential asset information

Let’s not run before we can walk, the first and arguably most important pieces of information you need to add to your fixed asset register are the very basics. How do you identify your fixed assets? Do they have serial numbers, asset IDs or do you just call a spade a spade?

Here are some of the most common essential asset properties:

  • Asset name
  • Description
  • Serial number
  • Asset ID
  • Reference numbers from existing systems

At itemit, we know not all assets are created equal and each asset type may need different treatment. That’s why itemit offers flexibility and lets you add the information that you need – otherwise what’s the point!

 

2. Asset value and depreciation tracking

The next step is to add relevant financial information against your assets so that you know how much your assets are worth. This is important not just for accounting for your assets but also to plan and budget for asset replacements in the coming years. With the best asset management software, you can record all the financial information you need.

To give you an idea, we suggest adding the following to get started:

  • Purchase date
  • Purchase value
  • Depreciation type
  • Effective lifetime
  • Cost to replace

Once your fixed asset register software contains all of this information, you will have a much better and clearer picture of what’s needed in terms of asset lifecycle management. 

 

3. Warranty and insurance management

Record against each asset details on warranties and insurance. This critical information is amongst the most common to get lost or be unavailable to those that need it when they need it!

Our existing clients use the itemit reminders feature to log all important dates. itemit sends you a reminder via email when an asset’s warranty is due to expire or even when an asset needs an inspection! You can even add attachments to each asset so you can store warranty certificates, insurance policies and purchase receipts against your assets.

To see just how easy it is to record asset warranty information, check out this video covering how to add a reminder.

 

4. Tag your fixed assets

So, what do we mean by tagging fixed assets? Most commonly this involves sticking a barcode or QR code tag onto your asset and linking this to the asset’s digital record – itemit does all of this for you!

Whenever you want to add information or interact with an asset, after fixed asset tagging, all you have to do is scan an asset’s QR code using itemit’s built-in scanner. The asset profile will instantly be shown to you, and you can view and add information to your heart’s content.

 

5. Record and monitor asset location

One of the most significant benefits of tagging your fixed assets is that each time you or one of your colleagues scans an asset tag, itemit automatically records where your asset is, who has it and when!

With itemit, you can also create a location hierarchy of your site or building to allocate items to rooms.

Fixed Asset Tagging

 

6. Assign assets to teams, sites or projects

Next, you can even assign assets to colleagues or teams – this is ideal if you’re looking for IT inventory management.

 

7. Equipment maintenance records

This is somewhat linked to point 2 above, if your fixed asset register software also includes asset and equipment maintenance tracking then your life will be much easier!

Maintenance information is great for transparency when it comes to morale, asset downtime, and which assets are reaching the end of their lifecycle. Being able to repair or replace assets the moment you need to keeps your colleagues happy and avoids the frustration we all know too much about.

 

Using Your Fixed Asset Register for Auditing and Reporting

The final step is to bring all of this together. You have all of the data you need to make decisions. Now you just need to present it in a useful way. It’s no use having information if you can’t use it to inform asset-based decisions.

itemit lets you view all your asset data and create customisable reports Make use of the streamlined reporting feature to view, edit, and manage certain facets of your fixed asset management processes. As you’ll have collected the data at this point, this is simple. Using filters, you’ll be able to see which assets have needed maintenance in the past six months, for example, so you know which assets need a replacement.

You’ll also be able to export depreciation information so that you know when assets are costing more to run and maintain than they’re worth. All of this is visible, manageable, and usable for your business.

Or, you can export your entire fixed asset register as a pdf. The uses of this are plenty. A full fixed asset register means that you’ll be able to ensure tax-breaks, transparency for insurance purposes, and an inventory for onboarding and business management.

itemit creates your fixed asset register on the fly, with every asset you log and start to track. So, what are you waiting for? Find out more by contacting us at team@itemit.com or by filling in the form below to start your free trial.

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How Using IT Asset Management Software Will Save your Business Money

How Using IT Asset Management Will Save your Business Money

The goal of IT asset management software is to track your business assets. This includes tracking not just IT hardware whereabouts but also the condition, status and historical maintenance of each piece of equipment. As a result, you’ll save your business time and money by implementing an IT asset management solution.

There are some specifics to how IT asset management saves your business money. For a start, knowing where your assets are at any given moment helps you maintain a high level of control over them. So, how does IT asset management save your business money? 

 

Lose fewer assets with better IT inventory management 

IT asset management includes a discipline known as “IT inventory management“. Managing your inventory helps you keep track of what you own and where it is, significantly reducing asset losses.

How? 

  1. Create an IT asset register by logging all hardware and equipment
  2. Extend the usefulness of your IT asset register by tagging IT hardware. Note: There are a few different tags you can use, but we usually recommend QR code asset tags, for IT equipment and computers but we do also offer an RFID tagging and tracking solution
  3. Assign computers, laptops and other IT hardware to members of the team to record who has what
  4. Book assets in advance and checkout hardware and computers
  5. Run customisable reports to see which assets are overdue and which need maintenance

Here’s what your IT inventory might look like after you’ve started to tag and track your assets: 

 

IT Asset Register

 

Track maintenance, warranties and asset lifecycles with your hardware asset management system

When you have an accurate inventory of all your hardware, the next money-saving step is to use the same system to monitor your assets throughout their whole lifecycle. This includes:

  • purchasing and things like warranties and insurance
  • inspections
  • maintenance
  • replacement

The best way to manage IT hardware is to track all the changes each asset goes through and to use that data to make informed decisions. itemit offers you an easy way to record both routine and reactive maintenance. Additionally, you can also record warranties and contracts against each unique asset.

Here’s what one of your asset profiles might look like: 

 

Computer asset management system

 

Track asset depreciation with your IT asset management software

Each of your IT assets has a useful or effective lifetime associated with it and at some stage, it will need to be replaced. What itemit gives you is an easy way to monitor each piece of hardware and determine when is the right time for a replacement. 

See at a glance who’s using your assets, how much maintenance they’ve required and what their current value is. itemit’s depreciation feature lets you do all this and more!

 

How itemit will save your business money

Join our existing clients who are already saving time and money for their business. So, what are you waiting for? Switch to the itemit IT asset management software today and start saving money immediately.

Start Saving Money Now With IT Asset Management!

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How do Asset Tags Work?

how do asset tags work?

Asset tagging and tracking save your company time and money. With asset management systems, you can log and monitor where your assets are by using asset tags.

Asset tags streamline and speed up your maintenance, auditing, and asset management processes. How do asset labels work? Effectively, you attach a unique tag to your physical assets and use that tag to link your asset to a digital profile.

This way, when you scan an asset’s tag with your asset management app, its digital profile will open, ready for you to book the asset, add issues or maintenance information, or update its financial information.

Here’s how you can tag and track your assets:

Tagging and Tracking with QR Code Asset Tags

However, there are a few different types of asset tags. The principle of tagging and tracking your assets is the same, but some tags work differently.

 

Barcode/ QR Code Asset Tags

Barcode asset labels and QR code asset labels work in a similar way. These are the cheapest option for your asset tracking processes. This is because barcode and QR code asset labels help you track last seen location, and last known user.

This creates a full audit trail of where all your assets have been, and who has interacted with them. So, using your asset management app, you can scan a barcode or QR code asset label using your phone’s camera. This will open the profile for editing, but will also update the asset’s last seen location and the user who scanned the asset.

 

RFID Asset Labels

Many of the ways you can use RFID asset labels and QR codes overlap, as both create an audit trail via last seen location tracking.

However, RFID asset labels work a little bit differently as they don’t require a line of sight to be scanned. You can also have passive and active RFID tags, which affects readability, and there are many different types of RFID tags and readers.

In general, the context you’ll use RFID asset labels for asset tracking and management is with a smaller, hidden RFID tag and a third party hand-held reader. This is great for high-value asset tracking, as you can hide an RFID tag in a way that you can’t hide a QR code asset label.

The process of asset tracking is the same as QR codes, but you’ll scan the tag with a third-party RFID reader.

To find out more, read our blog about QR codes Vs. RFID asset labels.

rfid scanner asset labels

 

GPS Asset Tracking

GPS asset beacons give you the most accountability possible. This may not be necessary for your business, depending on how far assets travel regularly and how much additional accountability you need before you start seeing a return on investment.

However, if your assets do travel a long distance frequently, or if you need pinpoint accuracy for asset location, GPS asset tracking can help.

GPS asset beacons can show you where your assets are at all times in real-time. These tags work with a sim card which then communicates with your asset tracking system. These are the only tags that require batteries, although third party RFID readers require charging.

At itemit, we have multiple asset tagging and tracking options. GPS tracking capabilities are coming very, very soon, but you can already get stuck in with barcode, QR code, and RFID asset labels today, all you need to do is ask! Contact us today.

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