How Do Companies Keep Track Of Assets?

How Do Companies Keep Track Of Assets?

Companies everywhere use an asset tracking system to help them keep control of their assets. The system that they use may allow them to stay in full control of their assets at all times. At itemit, we proudly offer you the opportunity to track all of your assets with ease. Providing you with a range of features, asset tracking can become more transparent and faster. 

Let’s take a look at how exactly companies keep track of their assets.

Tracking The Location

One of the easiest ways to keep track of assets is to track every asset’s location. Knowing where all of your assets are at all times can make life easier. At the touch of a button, you and your team can see where some or all of your equipment, machinery, and tools are. 

At itemit, we make tracking a breeze. When you use our asset tracking system we will send you some RFID tags or QR codes. It’s these tags and codes that allow you to track the location of all of your assets. All that you need to do is to affix a code or tag to those assets you’d like to track. Then, you can create a digital profile and track an asset’s location.

Business Asset Tracking

Improving The Maintenance Schedule

From time to time, equipment, machinery, and tools can fail to work as well as they should. When this occurs, it makes sense to send the asset for maintenance. However, it is not always clear which tool, for example, needs to be repaired. The good news is that itemit can help with this. 

Should something go wrong with a machine, users can send an alert to the maintenance team asking them to repair it. Our asset tracking system also allows you to set up a maintenance schedule. Sending out alerts when a piece of equipment needs its yearly check, for example, ensures equipment is in better working order.

Checking Equipment In And Out

Another very useful feature that comes with itemit’s asset tracking system is the ability to check equipment in and out. It makes sense to track some equipment and tools more closely than others. This is particularly the case if some equipment is valuable. With the ability to check equipment in and out, it is possible to see who has which laptop, for example, and when they checked it out. You can also see when a tool was checked back in so you know it’s where it should be. 

This feature ensures that there’s an extra layer of security surrounding some or all of your assets. It allows management to keep a close eye on who is using the assets and when.

Understanding How many Assets You Have

Companies everywhere are likely to have more assets than they realise. For example, ABC Builders can see that they have 200 hammers in their store room. The Cambridge Catering Group may realise that they have 150 plates more than they need.

When you know how many assets you have you can adjust your spending accordingly. For example, ABC Builders may need more than 200 hammers. However, it’s unlikely that they would know how many hammers they have if they had not created a digital profile for each one. 

When you know how many assets your company has you can spend more or less in specific areas. Funds can be diverted elsewhere, allowing other departments to thrive. When you have control of your assets in this way, better business decisions can be made.

Improving The Level Of Security

When you know what assets you have, where they are, and who is using them, you automatically improve security. Our tracking system takes the guesswork out of tracking all of your assets. Within just a few moments, you can track your most important assets. You can have control over who uses which assets, and you can even see which ones need to be repaired. 

Let us help you to improve the level of security surrounding all of your assets so fewer assets become lost or stolen.

Use itemit’s Asset Tracking System

If you need to use an asset tracking system that’s reliable and full to the brim with useful features, itemit can help. We can make tracking assets easy thanks to the way that our software works. You can have much more control over all of your assets 24-hours a day, 7 days a week.

Talk to us today about how our asset tracking system can help you. You can reach our knowledgeable team of asset tracking experts at: Alternatively, you could choose to sign up for our 14-day free trial so you can get started right away. You do not have to give us any of your payment information and you could start tracking your assets sooner than you think. Simply complete the form below to get started.

The Ultimate Guide to Asset Tracking

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