The Benefits of QR Tags

The Benefits of QR Tags

The Benefits of QR Tags

At itemit, we understand that businesses everywhere need to track their assets. This is why we offer an asset tracking solution that uses QR tags. Tags such as these can be hugely beneficial to the asset tracking process. 

This article takes a look at some of the main benefits of using QR tags, helping businesses to manage assets with ease.


What Are QR Tags?

A QR or “Quick response” tag is a type of barcode that can easily be read. Most digital devices that store information can scan a tag. However, the device must be able to store the information in a square grid made up of pixels. 

Most people have seen a QR tag from time to time. The most common tags seen in recent years are NHS tags found in shops and other locations. Users can scan the tags and inform the NHS of where they have been. The NHS can then track the individual to the location at a given time. 

The QR tags that are used to track assets work in a similar way. However, they constantly help users to track their assets.

Business Asset Tracking


Quick Asset Identification

A major benefit of attaching a QR tag to an asset is that it speeds up asset identification. This is thanks to itemit’s software allowing users to locate the asset and edit or read the information relating to it. 

Users can take a look at the asset’s profile, understand its maintenance schedule, learn about its warranty and insurance, and more. Quick identification allows users to access as much information about the asset in question. In addition to this, it also helps users to track the asset whenever they need to. 

Users simply need to log in to itemit’s menu and select the asset. They will then be shown the asset’s last-known location. This feature can help to save time and make for better asset retrieval.


Better Accountability

Another major benefit of using itemit’s QR tags is that they make everyone more accountable. Every time an asset is checked out, the individual using it will feel more responsible. The asset will be checked out in the user’s name, ensuring management knows who has which assets. 

This feature also allows management to understand which assets are frequently used. Additionally, users will also be held accountable for the use and treatment of each asset. Therefore, they are much more likely to look after assets, ensuring they sustain less damage.


Reduced Asset Loss

As users feel more responsibility for the assets they use, there will be reduced asset loss. Management can track the assets at all times. This means that even if assets are misplaced, they can be retrieved. The business will no longer have to replace assets that have been misplaced as they can always be found. When an asset is stolen, it can also be traced, helping to reduce loss.

Another advantage of using itemit’s QR tags involves damaged assets. Assets such as these may still be accounted for. For example, ABC Builders might have 12 compactor plates, but only 9 of them are in working order. ABC Builders may still be paying for the damaged compactor plates, even though they’re not in use. 

Here is where itemit’s asset tracking software can help. As soon as a compactor plate breaks, users can alert the maintenance team. They can even leave information as to what they think the issue is. The maintenance team will receive an alert, and book the compactor plate in for repair. It’s this simple feature that can help to reduce asset loss.


Increased Productivity

When a QR tag is attached to an asset, productivity is increased. This is thanks to itemit’s software and its ability to allow users to log tasks. Tasks can be logged instantly with no need for users to manually scan their work. With a touch of a button, users can note where they are, why they are using the asset, and even how long they’re using it for. 

Not only does this ensure better productivity, but it also allows others to see that the asset is being used. Again, this allows for increased productivity as it means those who wish to use the asset can book it in, or simply continue with another task in the meantime. There is no need for potential users to find out where the asset is or if it’s being used. They can simply log in to itemit’s menu, understand that the asset is in use, and work on another task.


Use itemit’s QR Tags

Businesses everywhere should consider using itemit’s QR tags. Proven to be hugely beneficial, these tags can help businesses to trace every asset, ensuring there is better accountability. Please reach out to itemit’s helpful team today at team@itemit.com to find out how easy it is to use a QR tag on every asset. Alternatively, you could begin a 14-day Free Trial so you can find out just how well our software works for you.

QR Tags

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How You Can Track High Value Assets with RFID

How You Can Track High Value Assets with RFID

How You Can Track High Value Assets with RFID

When you invest in high value assets you want the peace of mind of knowing where they are and how they are behaving. RFID technology does just that, offering a smarter and more discrete solution than other asset tracking solutions that helps you protect your most valuable investments. Whether it’s expensive artwork, construction equipment or critical medical devices, you can track them all using RFID. With a centralised system you can log, account for and track a diverse and varied portfolio of assets all in one place. Anything from great art to fine wine can be categorised, managed, and located, along with a secure record of insurance details, valuations and the location of your unique collection.

 

Hardware Asset Management


What Is RFID Asset Tracking?

RFID stands for Radio Frequency Identification and works by using radio frequencies to broadcast the location of the tagged asset. RFID asset tracking is similar to using barcodes or QR codes to monitor the movement of assets but with RFID you can unlock greater levels of automation, transparency, and control with less conspicuous tags. Whether you work at a construction company, fine art auctions, or the healthcare industry, RFID asset tracking can transform your operations, saving you time and money.


How Does RFID Asset Tracking Work?

RFID asset tracking is essentially the linking of real-life assets to online profiles. To do this, data about the asset is contained within an RFID tag and physically attached to the asset. The asset data is stored in an online asset management system resulting in a register of uniquely tagged assets. You can interact with the online asset register and add crucial information such as maintenance plans, personnel information or asset location. Unlike barcodes and QR codes, RFID asset tracking doesn’t require a line of sight for scanning. With RFID asset tracking, your device (either a fixed or handheld reader) picks up the RFID tag. This greatly speeds up auditing assets as the only thing you need to do is pull the trigger on the RFID reader. The same is true for when you’re adding multiple assets to a new location, as itemit’s Quick Add feature speeds this process along. Keeping track of your assets has never been simpler.


How to Track High Value Assets with itemit

Track your high value assets with itemit.  Our RFID technology enables you to simply tag and scan items, and photograph them for instant recognition within an asset register. RFID asset tracking allows you to make sure you know where your asset is every step of the way, from checking in to checking out and everything in between. How to track an asset with RFID technology can be broken down into three steps:

  1. Attach a tag to the asset.
  2. Scan the tag with an RFID reader.
  3. View the asset’s records and automatically update its location in the database.

Every time you pick up an RFID handheld reader you can locate assets tagged within its range, whilst an RFID fixed reader will pick up each time an RFID tag passes it, making it super easy to follow a trail of where your assets were last seen. 

The retrieval of asset profiles is sped up this way, too, meaning that you don’t need to log changes manually on a spreadsheet later on down the line. Instead, you can update a fixed asset register while you’re physically with assets simply by using a cloud-based app.


Which Type of RFID Tag Should I Use?


Passive Tags

The various types of RFID tags offer a solution for any application. Passive tags rely on the tag reader for power and, as a result, have a transmission range of a few metres. As they don’t have an internal battery, passive tags are small in size and typically last around 20 years, resulting in a lower tag cost. Their small size also means they are able to fit into almost any package or product, making this type of tag a great choice for tracking inventory, supply chain management, and access control.


Active Tags

Active tags are typically larger in size than passive tags but usually no bigger than a smartphone. This type of tag incorporates a transmitter with a battery in a single unit. They have significant data memory and can transmit up to 2000 metres continuously or when activated by a reader’s radio signal. Their ability to cover great distances make them popular in the construction, mining, oil and gas industries. Active tags can also include environmental sensors that collect data on temperature, moisture and other metrics to help protect high-value and sensitive assets. 

The most significant difference between active and passive RFID tags is that an active tag has a battery and a passive tag does not. Although an active tag can communicate at a much longer range, a passive RFID tag is often still the preferred choice as it is significantly cheaper at the point of sale as well as longer term since passive tags do not require battery replacements. In most use cases, having a shorter read range is an advantage as you can be confident that the tagged item is right in front of you or the reader.


Which Type of RFID Reader Should I Use?

To use RFID for asset tracking you need a reader. RFID readers transmit and receive radio frequencies, meaning they can read and write information to an RFID tag and to an asset tracking database where the data is stored, evaluated, and actioned. When a tag is scanned the reader receives a radio frequency from the tag encoded with information about the asset. 

The information is automatically sent to the database for collecting, logging and processing.  An RFID reader is the brain of the RFID system, without it the system can’t function. 

RFID readers come in two main types: handheld readers and fixed readers.


Handheld Readers

Handheld readers have integrated antennas and displays making them completely mobile. This type of reader is easy to use and allows for immediate interaction with data, making it ideal for on-the-go applications like stocktaking multiple assets and tag programming. The great benefit of this type of reader is its combination of flexibility and functionality.


Fixed Readers

Fixed readers offer a more powerful solution but are positioned in a fixed location at your site or building. This type of reader normally requires an external antenna that can track the direction the asset is moving in. You can position fixed readers at tactical positions across your sites and any movement an asset goes through will be automatically logged. This enables your online register to be continually updated without the need for any manual interaction. The great level of automation makes fixed readers ideal for warehouses, store rooms, hospitals, laboratories and many more large-scale operations.

With itemit you can combine the advantages of handheld and fixed readers by using them in tandem. Enjoy the freedom of movement that comes with handheld readers along with the full automation of fixed readers. And with a fixed reader, you’ll know instantly if an asset has gone missing. Use itemit’s award-winning fixed RFID asset tracking functionality for full, off-the-shelf automation.


The Benefits of RFID Asset Tracking


1. Discrete Tags

If your team is responsible for high-value assets then you need a discrete asset tagging solution that stays out of plain sight. With RFID you can hide tags on priceless paintings or fine wine in a way that isn’t possible when using QR codes and barcodes. One of the great advantages of RFID is not needing line of sight to the tag in order to detect it. This means that you can have a tag stuck on the back of a painting so that it remains hidden. At the same time, when performing a stock check of assets, the RFID reader is still able to detect the tag on the back of the painting.


2. Digitise the Assets’ History

Not only are the team able to track the whereabouts and value of the assets but they have also been able to digitise the asset’s history. Attachments are added to each asset’s digital profile where they are safely stored and preserved. This includes unique pieces of history, letters and photographs which will never become lost.


3. Easy Auditing

With RFID asset tracking you can quickly and easily retrieve a pdf report of your complete asset register whenever you need to. Create unique reports to assist with auditing your high value collections. The location of each asset can be recorded and updated simply by scanning the asset’s tag. This means you’ll have full visibility of where your assets are.


4. Keep a Record of Your Insurance

Using our asset tracking software you can create an online asset profile and add relevant information to it, such as who the assets are assigned to, issues for maintenance and even critical insurance information. Asset tracking software is an all-encompassing, centralised system that allows you to organise and track important details about each asset in real time. Maintain a record of all the insurance information you need, including insurance details, current value, insured value and more. Complete your asset records by adding photos, proof of purchase, certificates and tag data. 


5. Protect Against Loss and Theft

Tagging and tracking your high value assets helps to lower the risk of theft, loss and unauthorised usage. Asset tags create a greater theft deterrent, keeping your assets safe no matter where they are. And, thanks to asset profiles, any time an asset is scanned you can see who is responsible for it. The increased visibility and accountability and a greater peace of mind when your high value collections are on the move.


itemit’s RFID Asset Tracking

Tagging and tracking high-value assets isn’t just about auditing and accounting but also about preserving these assets and their own unique history for future generations. With RFID asset tracking you can maintain a complete and up-to-date asset register of your prized collections.

Optimise your operations with itemit’s RFID asset tracking solutions. Asset tracking has never been faster, easier, or more transparent. And with fixed RFID readers you can completely revolutionise your operations with full automation. itemit is your one-stop shop for RFID readers, tags and software. Get everything you need to manage your high value assets, collect data and deliver timely information.

If you’d like to find out more information please contact the team at team@itemit.com or you can get started straight away and try the 14-day free trial by filling out the form below! 

RFID Asset Tracking

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Why Asset Tracking is a Must For Saving Money

Why Asset Tracking is a Must For Saving Money

Why Asset Tracking is a Must For Saving Money

Here at itemit, we understand the importance of asset tracking software. Additionally, we’re aware of all the benefits that this software can bring. However, those who are unfamiliar with asset tracking may not understand that this software can help users to save money.

How A Fixed Asset Register Saves Your Business Time And Money


Eliminates Ghost Assets and Inaccuracies

The right asset tracking software helps to eliminate ghost assets. These are assets that have been stolen, lost, or damaged. Assets such as these may still be recorded in an inventory. This ultimately means that businesses will not have as many assets as they believe. 

Ghost assets could be costing businesses money. They may still be paying insurance and tax on the assets, even though they’re not being used. However, when tracking software is used, inaccuracies are minimised, as are ghost assets. 

When assets are tracked using a QR tag, users can trace where they last were. By simply logging in to itemit’s software, users can see the asset’s last-known location. Should an asset be misplaced, it can easily be found. Should an asset become damaged, users can report the damage to the maintenance team who can repair it. As soon as the asset is repaired, it could be ready for use once more.


Monitors Asset Lifecycle

The entire lifecycle of an asset can be tracked with ease. Upon procurement of assets, each asset’s details can be entered into itemit’s software. Users can then monitor the asset’s lifestyle by seeing how often it is used, who uses the asset, its condition, how well the asset is performing, and much more. 

Users can have data that shows how often parts are replaced and how many times the asset needs servicing. Additionally, users can closely monitor an asset’s devaluation, so it’s clear when assets need to be replaced.


Can Be Accessed On The Go

itemit’s asset tracking software can be accessed on the go. Users do not need to be in an office or sitting in front of a computer. Rather, they can access the tracking software via an app. The app in question can be downloaded onto a mobile phone or tablet. This helps to make tracking so much easier, and more convenient. 

As long as the assets in question have a QR tag attached, the data can be accessed. Users simply need to log in to the software and select the assets they wish to track. Within moments, it is possible for users to see where assets are located and so much more. 

There is no need for a user to be sitting in their office. As long as they have access to the internet, they can access their asset list via the web or itemit’s handy app! This means that asset tracking is easier than ever before.


Increases Productivity

It’s not uncommon for employees to look for assets. They may move between offices or even sites to find the assets that they need. During this time, they are not undertaking a task. Rather, they are spending and potentially even wasting time looking for assets. 

When asset tracking software is used, there is little to no need to search for an asset. The asset in question can be tracked within sections. Employees can see where the asset they need is, and retrieve it quickly. This helps to increase productivity and helps to prevent wasted time. 

Employees can now undertake tasks much quicker which can only be good for the business. 


Improves Traceability

The right asset tracking software ensures that assets can be tracked instantly. This can be very advantageous in terms of traceability as users can draw out routes that drivers can take. Asset management can therefore improve as vehicles will be within the desired boundaries. This results in better tracking while reducing the risk of assets being displaced. 

Businesses that have a lot of assets can find using itemit’s software something of a lifeline. Every single asset can be tracked and traced. This helps to eliminate guesswork and ensures that employees are more likely to work within the desired boundaries at all times.


Use itemit’s Asset Tracking Software

itemit’s asset tracking software can help businesses everywhere to start saving money. It’s more important than ever before that money is saved. With costs rising, the importance of tracking assets is even greater than before. Users can locate their assets, understand the life cycle, and eliminate ghost assets. Productivity can be increased and traceability could be improved. This is all thanks to the way that itemit’s tracking software works. 

Reach out to our friendly team today to discuss how itemit’s tracking software can help you. You can reach the team at team@itemit.com. Alternatively, you may wish to start a 14-day Free Trial. You can begin to reap the benefits of using convenient asset tracking software that can save you money.

Asset Tracking Software

Choose a better way to track your assets

Start your free 14-day trial now

Instant access. No credit card details required.

or, download the itemit app to get started

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itemit’s Top Equipment Tracking Features

itemit’s Top Equipment Tracking Features

itemit’s Top Equipment Tracking Features

Your assets are important to you, they’re important to your business. Knowing where your assets are and how they are behaving ensures your operations run smoothly and efficiently. Equipment tracking gives you the transparency you need to ensure you need to get the most out of your hard-earned investments. 

itemit is equipped with a host of helpful features to make sure you know where your equipment is and what it is doing. Equipment tracking can benefit a range of different industries, including construction, manufacturing, IT, healthcare, hospitality, education among many more! If your business or organisation relies on the fluid movement of assets then equipment tracking can help you.

How To Use Equipment Checkout Software


What is Equipment Tracking?

Equipment tracking is a way of keeping a record of everything a business owns. As pieces of equipment are physical objects they are known as tangible assets, this includes:

  • Appliances
  • Computers
  • HVAC equipment
  • IT equipment
  • Lights
  • Production equipment
  • Furniture
  • Copiers and printers
  • Safety equipment
  • Signs

You can attach physical asset tags or barcodes to these, allowing them to be easily tracked. Each time the barcode or tag is scanned, the location of the asset is automatically updated in the online asset register. The type of tag you choose depends on the application but they all achieve the same outcome: letting you know where your asset is and how it’s behaving. Asset tracking software provides a centralised platform that keeps  all the relevant information about your assets, such as location, contact information, owner, and maintenance history, in one place.


itemit’s Top Equipment Tracking Features

itemit’s tagging and tracking technologies ensures you always have your kit when you need it most. Check out our top features for equipment tracking:


1. Use itemit Even in Remote Locations

You don’t need an internet connection to enjoy all the great benefits of itemit’s equipment tracking technology. This makes itemit’s equipment tracking software ideal for use wherever you are, even in the remotest of locations you will still be able to view your assets’ profiles and location history. Our unique offline capabilities ensure you always have access to the information you need. No matter where you are, you can count on itemit!


2. Flexible Reminders

Flexible reminders make sure you stay in control of managing your assets and help to prevent downtime. When valuable pieces of equipment are out of action this can have a direct impact on the productivity of your workforce, costing you time and money. Using our equipment tracking software you can create an online asset profile and add relevant information to it, such as who the assets are assigned to, issues for maintenance and even user manuals. As a result, you can receive handy notifications when an asset requires servicing or maintenance as well as the cost and utilisation of your equipment assets. Plus, any time the asset is scanned you can see who is responsible for it, helping to ensure accountability and lowering the risk of theft, loss and unauthorised usage.


3. Team-wide Collaboration

Teamwork makes the business work. Our equipment tracking software supports team-wide collaboration allowing everyone to get involved in asset tracking. Using our software your team can see where an asset is located, if it is being repaired or who last checked the asset out.

Asset tracking software can help to track, manage, and control inventory all from a single dashboard, this maintains consistency throughout the different teams of a business. Users can view stock levels, be alerted when parts and supplies are running low, and even re-order new items when necessary to avoid stock levels becoming depleted. The centralised system supports cohesive and consistent collaboration across board so you don’t run the risk of duplicated or out-of-date data. itemit’s friendly and easy-to-use interface makes sure everyone is staying on track.


The Benefits of Equipment Tracking

Equipment tracking helps to protect your valuable assets. There are numerous benefits to knowing where your assets are and what they are doing. First and foremost, keeping up-to-date profiles of your assets helps to prevent asset downtime whether this is due to theft, loss, or maintenance issues. Tagging and tracking your equipment also gives you greater clarity on expenditures, financial audits, and inventory management. This reduces the risk of inaccurate data records and subsequent accounting and auditing problems. By keeping accurate records of all your assets you might also experience insurance benefits. If you can document that your equipment is being used responsibly, you may receive lower insurance costs. With an overarching view of your entire asset inventory, and all the information associated with it, you can make smarter decisions for your business.


itemit’s Equipment Tracking Software

Managing and tracking your equipment is effortless with itemit. Equipment tracking provides you with real-time location and usage data on your most important assets so you can enjoy peace of mind. Our suite of handy features increase data accuracy and accountability while fitting in seamlessly with your current processes. Equipment tracking lays the foundations for a business to grow and thrive. 

If you’d like to find out more information please contact the team at team@itemit.com or you can get started straight away and try the 14-day free trial by filling out the form below!

Equipment Tracking

Choose a better way to track your assets

Start your free 14-day trial now

Instant access. No credit card details required.

or, download the itemit app to get started

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How to Prepare a Fixed Asset Register

How to Prepare a Fixed Asset Register

How to Prepare a Fixed Asset Register

Business owners know that it’s imperative that they remain organised. Ideally, they will know where their business assets are at all times. They will also know where each of the assets is located and how often they are maintained. Finally, business owners should know who is responsible for the asset’s upkeep. 

In order to effectively manage all of your assets, a fixed asset register should be created. itemit’s asset register software works to ensure business owners can track their assets. 

Below, you will find details of how you too can prepare a fixed asset register.

Spreadsheet Asset


Understanding What Fixed Assets Are

Fixed assets are all of the equipment, machinery, tools, property, furniture, vehicles and land that would ordinarily be listed on an inventory. Assets such as these tend to also be listed on a balance sheet. 

Ideally, business owners would add any assets that they don’t plan to sell in the next 12 months. Assets such as these can be added to the register and tracked all day, every day.


Preparing a Fixed Asset Register

When preparing an asset register, ideally, business owners would identify the following:

  • All of the business’s assets
  • The location of the assets
  • The asset’s status and condition 
  • Whether the assets need annual or more frequent checks/maintenance
  • Each asset’s insurance and warranty details 
  • Each asset’s user guides, if relevant 
  • The asset’s name and description
  • A photograph of each asset for easy identification
  • The cost and date of purchase
  • The asset’s current value
  • The asset’s depreciation value 

As you can see, there are quite a few things to consider. However, being able to access all of the above information about each asset is hugely convenient.


Choosing Which Assets to Record

Taking a walk around your premises can help business owners to locate and identify all of their assets. This exercise can prove to be useful as there’s always a possibility that not every asset has been recorded. Some assets might be new and, therefore, not added to the inventory/balance sheet. Alternatively, some assets may have slipped through the net. 

Walking around every premises and location allows business owners to identify their assets. Those that have slipped through the net can be added to the register with ease. Each identified asset’s details can be added and saved into itemit’s system.


How to Record Your Fixed Assets

Recording fixed assets can be quite a task. Depending on the type of business someone owns, they could have multiple assets in multiple locations. However, the more locations there are, the greater the need for a fixed asset register.

One effective solution is to use itemit’s asset register. Our asset tracking software uses combined technologies to help users everywhere track their fixed assets. 

Users simply need to log into itemit’s menu and add a new asset. The menu allows users to add as many details of each asset as they please. This allows users to have as much information about each asset as required. Having access to the insurance information, for example, can help to save time. Users will be able to find the insurance information at ease and, therefore, make the appropriate claim much quicker. 

It is possible to upload photographs and other files to itemit’s system. This allows users to have access to the information they need at all times.


Adding a QR Code

In order to make use of itemit’s tracking features. Users need to add a QR tag to each of their assets. Once the tag is attached to the asset and scanned into the system, tracking is possible. Upon opening up the asset’s menu, users can see where the asset’s last-known location is. 

A QR code can be affixed to every single asset, even those which do not move. The tag, when scanned, will reveal a lot of information about the asset. Users can then decide which pieces of information they would like to access.


Use itemit’s Fixed Asset Register

Business owners everywhere can use itemit’s fixed asset register to keep track of all of their assets. Thanks to the way that the software works, business owners everywhere can now create and effectively monitor all of their assets. 

Business owners and their employees can have much more control over the business. An asset register can be a highly useful tool. It can help businesses to understand how well the business is performing. It can also be used to help prevent assets from being lost or stolen. 

There are multiple ways that itemit’s asset register can help. Feel free to contact our helpful team to ask them how itemit’s fixed asset register can help you. Reach out to our team at team@itemit.com. Alternatively, you could sign up for our 14-day Free Trial and find out just how well itemit’s asset register software works for you.

Fixed Asset Register

Choose a better way to track your assets

Start your free 14-day trial now

Instant access. No credit card details required.

or, download the itemit app to get started

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5 Industries Asset Tracking Software Can Help the Most and Why

5 Industries Asset Tracking Software Can Help the Most and Why

5 Industries Asset Tracking Software Can Help the Most and Why

Asset tracking helps businesses to manage and monitor their assets effectively. Whether the asset is physical or digital, asset tracking software can track the behaviour and movement, providing your business with the information it needs to make smarter decisions. 

Any industry can benefit from asset tracking because every industry works with assets. But there are some industries where the benefits are most notable, namely: construction, healthcare, IT, education, and hospitality. One thing all these industries have in common is lots of assets. And, in particular, lots of assets that move around. This makes effective and efficient asset management essential to its smooth running of their operations. But no matter the size or nature of your business, asset tracking can benefit your business by providing you with the information you need to make smarter strategic decisions.

What Is Asset Tracking Hardware And How Can You Use It?


What Is Asset Tracking Software?

Asset tracking software is an all-encompassing, centralised system that allows your business to track important details about each asset in real time. All elements that a business owns can be considered an asset, from software and hardware to the office tables and chairs. Asset tracking software is specifically aimed at managing the inventory, lifecycles and total costs of a business’ equipment and infrastructure.

You can use asset tracking software to automate how you track and manage your IT assets. With all your assets’ information stored in a fixed register your business gains greater visibility and control over its IT assets. This information can be used to make smarter purchasing and asset utility decisions. Asset tracking software makes sure your assets are in the right place at the right time with the right people.


The Risks of Poor Asset Tracking

Poor asset tracking can lead to a mountain of problems, from loss and theft to inaccurate inventory management and financial records. This can spiral into more serious problems that undermine the integrity of a business’ operations. With inaccurate records, your business runs the risk of failing its financial audits and loss of trust from investors. 

Asset loss or damage can have a profound effect on the productivity of a business. Manual asset tracking is error-prone, time-consuming and resource intensive.This can result in inaccurate data and poor inventory management, severely impacting the visibility and control over the business’ operations. Asset tracking software eliminates these problems through a streamlined, centralised system with great automation capabilities. With itemit you can view your entire asset register in one place and pull all the information together into customisable and exportable reports. This will give you the outlook you need to help you keep on top of financial audits. Moving away from spreadsheets and to a smarter system saves time and money, both of which are valuable resources that can be better funnelled into other areas. 

An investment in asset tracking software optimises a business’ workflow, helping to protect its longevity. Asset tracking software offers a solution to a host of common problems that a range of businesses face. Tagging and tracking allows you to pinpoint when any edits to your assets take place, such as if an issue is recorded, and create an audit trail of where your assets are. Through a friendly, straightforward interface you can access all your assets’ data in one place, giving you the control and information you need to make your business a success.


5 Industries Asset Tracking Software Can Help


1. Construction

Construction sites are challenging environments with many moving parts. With so many people and so much equipment, keeping track of who has what and where can become a logistical nightmare. The construction industry is faced with labour inefficiencies, shipping inaccuracies, data tampering, asset loss, and theft.  Many of these challenges are the result of poor asset management. 

Functioning and accessible equipment underpins the operations of any construction business. It is essential for the correct equipment to be available when needed but on a busy construction site the loss of assets is a far too common problem. However, it’s also one that can be easily solved. Asset tracking software ensures users know where their assets are, how they are behaving and who they are assigned to. With asset tracking software you can create an online asset profile and can add various information to it, such as who the assets are assigned to, issues for maintenance and even user manuals. As a result, any time the asset is scanned you can see who is responsible for it, helping to ensure accountability and lowers the risk of theft or loss. Assigning assets is quick and easy with asset tracking software, making it ideal for use during the onboarding process since you can quickly assign assets to new staff members. 

itemit’s asset tracking software can also be used as an online asset booking portal and schedule equipment in advance. You can use itemit to log rentals to other users, companies, or anyone else for that matter! Overall, itemit’s asset tracking software creates a simple, effective, and transparent view of where your equipment is and how it’s behaving. Booking equipment ahead of time in a centralised system will optimise the efficiency of your workforce.


2. Healthcare

The healthcare industry faces a unique set of challenges given the nature of their environment and the vast array of assets moving through it. The assets belonging to the healthcare industry are very much of a matter of life and death, from devices such as heart monitors and IV pumps to equipment like wheelchairs and beds. All are vital to the smooth operation of a well-functioning healthcare setting. 

The loss or misplacement of equipment in a healthcare setting is not only frustrating but often dangerous. Asset management locates and tracks assets in real-time, significantly reducing the time spent by staff  looking for, cleaning, maintaining and delivering equipment. Effective maintenance of medical equipment maximises its utility and minimises the risks of loss or misplacement.

With itemit’s mobile app you can view the analytics dashboard on the go, giving you operational insight into inventory location and quantity as and when you need it. The simplicity of the mobile app design allows you to quickly and easily pull out your mobile device to check on or update your assets at a moment’s notice. Tracking the movement of your assets without being tied to a desk is a valuable feature in the fast-paced environment of a hospital. Itemit’s asset tracking software provides an efficient way to store and track your most valuable assets and allows hospitals to focus on what really matters: patient care.


3. IT

The world of IT is becoming increasingly complex with the range of software, data as well as physical assets owned by a business. For any IT business or department, it is crucial to know the inventory available in order to resource and budget appropriately. Asset tracking software can enable the IT industry to stay on the top of all their assets, whether they be tangible or intangible.

Asset management software enables you to optimise your inventory management. Good inventory management underpins the success of any business. The goal of inventory management is to have the right products in the right place at the right time. Asset tracking software helps you achieve this by locating your assets in real-time. Another benefit of itemit’s IT asset management software is that you can use it as fixed asset register, ensuring you get the most accurate overview of what your business owns.

With a large inventory, reporting and managing hardware issues is a very time-consuming process when relying on spreadsheets. Using asset tracking software, you will not only be able to maintain a complete inventory of all your equipment and software but also be able to perform individual asset scans to find out about any changes such as upgrades, updates or patches. IT asset tracking software lets you create comprehensive reports, manage inspection schedules and monitor the condition of your assets at a glance. With itemit you can benefit from our powerful reporting, filtering, and exporting capabilities that will transform how you complete your daily tasks. 


4. Education

Schools, colleges and universities hold a number of assets across different departments, buildings, and campuses. With often very tight and limited budgets, it is essential for the educational establishments to take care of their assets and maximise their lifespans. Good asset management from procurement through to retirement can extend the lifespan of an asset, ensuring you maximise its use and value. 

Asset tracking software tracks the lifecycle of your assets and can notify you when maintenance is due. This ensures your assets are in good working order and can also be used to assess the depreciation of them. Using our asset tracking software you can set monthly, bi-monthly, quarterly or annual maintenance schedules or use your own schedules to make sure all assets are being looked after. Maintenance reminders can help to improve the longevity of assets and reduces the risk of replacement asset procurement. As a result, you experience less costs and less time wasting, leaving money to be better spent on other parts of your business.  

Barcode scanning is a cheap and effective asset tracking solution for the education industry. Barcodes can be attached to physical assets, such as computers, and scanned to track the asset and access its data. This makes it easy to identify lost or misplaced assets, as well as keeping track of the inventory in real-time. Greater visibility over your assets means greater control, supporting educational establishments to deliver a top class education.


5. Hospitality

There are many different departments involved in a hospitality setting, from housekeeping, dining and leisure to accounting, and administration. For these departments to work efficiently together they need a centralised system that takes the headache out of asset tracking. 

A centralised system for asset tracking provides you with a complete set of records on all your assets and the data associated with them. The benefits of this lay the foundation for the success of a collaborative and multidisciplinary workforce. Asset tracking software can help to track, manage, and control inventory all from a single dashboard, this maintains consistency throughout the different teams of a business. Users can view stock levels, be alerted when parts and supplies are running low, and even re-order new items when necessary to avoid stock levels becoming depleted.

With itemit’s check-in and check-out functionality you can ensure your assets are where they need to be and with the right people. When your team checks a piece of equipment in or out the asset manager is automatically notified. Plus, every time an asset is tracked, entered into the system, checked out, or repaired, data is collected. Less manual work means fewer errors, greater accuracy and speedier operations for your business. Using itemit’s IT asset tracking software keeps you informed about what is happening to your assets as they move around. Asset tracking software can help all the different parts of your business work together more cohesively and consistently.


How Asset Tracking Software Can Help Your Industry

Even if your industry hasn’t been named, the benefits of asset tracking software can still apply to you and your business. 

Effective asset management lays the foundation for the success of any business, big or small. Asset tracking gives businesses the clarity and control they need to make well-informed strategic decisions. With asset tracking software, your business  can greatly enhance their asset visibility, maintenance, financial audits, and inventory management.


itemit’s Asset Tracking Software

Our IT asset tracking software is scalable, transparent, and efficient. With a fully-equipped suite of helpful features, from equipment check-in and check-out functionality to bulk actions, you can seamlessly update and improve your current processes. And you’ll finally be able to move away from those dreaded spreadsheets. 

If you’d like to find out more information please contact the team at team@itemit.com or you can get started straight away and try the 14-day free trial by filling out the form below!

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