How Does Equipment Management Software Work?

by

Equipment management software saves you time and money. If you’re not using equipment management software, you’ll have a lot of sparse operations that you may not know can be combined into a single system.

Equipment location tracking, depreciation tracking, fixed asset management, IT asset management, insurance auditing operations, issues management, and check in check out capabilities can all be combined into one effective asset tracking software.

Overall, this will:

  • Save you time
  • Save you money
  • Allow you to lose fewer assets
  • Reduce asset downtime due to maintenance
  • Track finances
  • Track expenses
  • Maintain an automated, effective, and accurate fixed asset register.
equipment management


What Is Equipment Management Software?

Equipment management software is a system that allows you to log unique assets and equipment. These assets will get a unique profile on your system, meaning that you can add an assets’ unique data against this.

So, for example, each of your laptops, spanners, toolboxes, and heavy equipment can have their own individual profile. What this means is that if any of these assets have an issue, your maintenance team will know which asset is faulty and where it is.

Then, you can use QR code asset tags and an integrated asset tracking app to streamline your operations further. As your equipment management system will be cloud-based, any edits you make on your asset tracking app are automatically updated across the board.


How You Can Use Equipment Management Software

Equipment management software can be tailored to your business’ needs. This means that, as long as you have assets, you can track them in a variety of different ways.

So, your business may or may not hire out equipment regularly. If it does, you’ll be able to use your asset tracking system as effective check in check out software. If it doesn’t, you’ll be able to use the functionality in a different way.

If you need to track maintenance, you’ll be able to use speedy issues management, reminders, and issue reporting features to reduce asset downtime and improve visibility over what needs to be fixed.

Either way, your business will need an accurate fixed asset register simply to view what you own, what can be used, and what needs to be replaced. This fixed asset register helps with financial and tax operations, too, as it mitigates the risk of ghost and zombie assets.


Using itemit As Your Asset Tracking Software

itemit’s asset tracking software has grown from customer feedback. So, while the core functionality of scanning tags to update last seen locations and the automated maintenance of a fixed asset register is still there, many of the features exist because our customers needed them.

What this means is that no matter what you’re tracking or how you’re tracking it, itemit will be able to help. We work with charities, Churches, theatres, government organisations, construction companies, hospitals, restoration and remediation companies, and many many more.

To find out how itemit’s asset tracking software can help your business manage its equipment better, you’ll be able to contact the team at team@itemit.com. You can also fill in the form below to start your 14-day free trial and see the benefits for yourself!

Equipment Management

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

Related articles

Stock vs Inventory in Asset Management

Stock vs Inventory in Asset Management

Well, if you are in the business of warehouse management, then you would know the difference between one and the other - between stock vs inventory. The meanings of both these words are considerably interchangeable, but they refer to different concepts of a company's assets and perform distinctive functions in managing operations. This article will, therefore, pass through diversified definitions of stock vs inventory because the two concepts are well-defined and distinguished from one...

read more
How Asset Tracking Systems Transform Hospital Management

How Asset Tracking Systems Transform Hospital Management

Where effectiveness and accuracy are required, as unlike ever before in healthcare today, technology underscores its role in smooth functioning. Of the many innovations going on in the healthcare sector, one very outstanding change maker is the hospital asset tracking system. These systems, designed to monitor, manage, and maintain medical equipment and supplies, are fast becoming very vital tools for the management of hospitals. They do not just ensure that critical assets are readily...

read more
Asset Utilisation: Definition, Calculation Methods, and Its Importance

Asset Utilisation: Definition, Calculation Methods, and Its Importance

Given the high cost, it is a priority to maximise the return on your valuable assets. The difficulty lies in finding the ideal equilibrium: not using resources enough can save assets but hurt efficiency, and using them too much can lead to quicker deterioration and increased maintenance expenses. It is essential to manoeuvre this delicate balance carefully. This is why innovative companies use asset utilisation metrics to measure usage and find effective strategies for improvement. Asset...

read more