Spreadsheets require a row for each asset and a column for each bit of information. They then need to be manually updated every time an asset undergoes a change. This means that your fixed asset register will likely be perpetually out of date.
Asset tracking software allows you to log unique profiles and add unique asset data to these profiles. This means you have a place for your data and don't have to view an unwieldy spreadsheet to pinpoint information.
Then, you can implement asset tracking hardware to speed up your operations further. This can take the form of QR codes and GPS trackers. But, which is better?
GPS Asset Tracking Benefits
GPS asset trackers periodically update your assets' locations with no need for manual input. This means that you can see where your assets are on the map automatically, giving you a clear overview of your asset locations.
This is very helpful if you're tracking assets on a large site, as you can see how your assets move. GPS asset tracking is also great if your assets are getting delivered to places, as you'll be able to track these deliveries.
Using your asset tracking software, you can also see the history of your assets' movements, giving you a clear view of everything you need to know related to location.
This also means that it's possible to retrieve assets after theft or after they go missing, something that isn't possible with other asset tracking hardware.
GPS Tracker Drawbacks
GPS trackers are very helpful in specific situations. However, the asset tracking hardware hasn't caught up with small tools tracking, for example.
This is as your GPS trackers will likely be bulky with a long battery life, or small with a short battery life. As GPS trackers require recharging to work effectively, they're best used within a vehicle that can constantly charge the tracker.
Also, GPS updates are address based. Because of this, it may be difficult to pinpoint movements as, while you'll be able to use the coordinates, a range of coordinates may correspond to an address, complicating your asset tracking operations.



