Using real-time tracking can help your business in a wide variety of ways. However, it’s not always very clear what these ways are. Don’t worry, with the use of some equipment tracking tags and by reading this article you’ll begin to understand why tracking your assets in real-time is the way forward.

If you were to ask almost any business owner what they would like to improve it’s likely that they would say the business’s efficiency. When you use equipment tracking tags alongside tracking in real-time you can make your business much more efficient. This is because your assets can be maintained as and when they need to. When your assets are maintained in this way it allows them to work better for you. It also means that you and your team are more likely to have the tools that you all need. 

As we have already seen, your assets can be maintained more frequently. Why is this so? It’s simply because you can set reminders to maintain your assets. As soon as you have scanned your equipment tracking tags you can set maintenance reminders for those assets. Your reminders can notify you and the relevant department when an asset needs to be checked out. 

When assets are regularly checked out/examined, they aren’t going to break down quite so often. What this means is that you can rely on them to complete the tasks in hand. You can also rely on them to last longer than they may have otherwise. This can help to reduce costs and boost productivity.

When you use real-time tracking to your advantage you can improve accountability. You can see who is using which assets and whether they are being used safely and correctly. When your team knows that the assets are being tracked (via the use of equipment tracking tags) they’ll be more responsible.
When your team is more responsible for your assets it means they’re less likely to be misplaced or damaged. Additionally, you can have peace of mind knowing that everything is being tracked and looked after. 

Thanks to the way that equipment tracking tags and real-time tracking work, audits are easier. Why might this be the case, you ask? It’s simply because most, if not all of the information you need is readily available. 

You will have a lot of the figures you need for your audit. That is if you have already entered the value of each asset into the individual digital profiles. You may also have the value of your business if you’ve entered invoice-related values. 

When it comes to the subject of accountability with regard to audits, all should be ok. You know what your sales figures are as you’ve exported data from the software. You can then see how your business is doing. Finally, it’s possible to understand whether asset values have depreciated. Again, this information can be seen by exporting data. Simply export the data in the form of a report to PDF and you can have almost instant access to it.

Did you know that when you track everything in real time assets become more secure? Because you’ve added tags to them and they’re being tracked they’re much safer. 

Your assets, including vehicles, machinery, equipment, tools, and everything in between are obviously being tracked. A direct consequence of this means that fewer assets may be misplaced or stolen. Additionally, you could find that fewer assets also become damaged. 

When assets are obviously tracked they are better taken care of. What does this mean for your business? It means you could spend less money and time trying to repair or replace damaged or misplaced assets. Consequently, you could have more vital funds to spend elsewhere.

As we have already seen, it is possible to create very useful data. Once you have created a digital profile for each of your assets and added equipment tracking tags the creation of data begins. 

Thanks to the way that the tracking software works, you can access highly relevant data very quickly. You’ll be able to see how often your assets are used, if they’re in a good state of repair, whether there’s a need for more assets in some departments, and so much more. 

When you have access to data such as this you can have more control over your business. This is not something that you would be able to do if you did not track your assets in real time. 

Would you like to speak with an expert about using equipment tracking tags so you can track your assets in real time? Contact us today at team@itemit.com. 

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