What Is The Best Asset Tracking System?

Published on June 24, 2021 • 3 min read

Leveraging an asset tracking system gives you a wide range of benefits, from clearer asset level operations to more control and transparency over your tools and equipment.

In turn, these benefits save you both time and money, especially as they'll speed up your existing operations while reducing asset losses, duplicate purchases, and the risk of ghost and zombie assets.

So, what is the best asset tracking system? One that allows you greater levels of control, clarity and speed over your asset level operations.

How Asset Tracking Software Saves You Money

If you have a fixed asset register in the form of a spreadsheet, you'll already be aware of the benefits asset tracking can provide you with. 

With no visibility over your assets, issues go unaddressed, assets go missing, and overall accountability falls apart. This is why it is essential to log your assets and add data to them.

Asset tracking software takes this principle and brings it to the next level. Spreadsheets have limitations, as asset data is confined to singular cells as opposed to a visible system.

With an effective asset tracking system, you can log assets as unique profiles. Then, you can add data to these profiles. This way, if you need to track your tools and equipment and see how they move, all of the movement data will be housed in dedicated asset profiles. If a tool goes missing, therefore, you'll see this much sooner and be able to rectify it.

This takes the benefit of granular asset data and makes it much more visible, as if you need to see all of the data against a specific tool, you can simply find this tool on your asset tracking system.

The Best Asset Tracking System Features

The best asset tracking system features depend on your needs and use case. Therefore, your asset tracking software must be adaptable, streamlined, and quick to pick up.

For example, if you're tracking assets in the construction industry, your asset tracking software needs to have an effective check in check out system, where this may not be needed for another business.

You may need something more maintenance-heavy, and so an issue reporting and management system is a must. This way, you'll be able to keep everything running much more smoothly.

The core features need to be there, however. So, you must be able to log all of your assets and track location data against them. This way, you can create an audit trail.

Using Asset Tags

Asset tags speed up your operations and are at the core of asset tracking software. Asset tags are physical tags that you stick onto your assets. You can then link your physical assets with their digital counterparts simply by scanning the tag.

Once this is done, every time you scan an asset's tag, the asset it's attached to will have its profile opened, ready for edits and updates. So, if you notice a laptop is damaged, all you need to do is scan the laptop's tag in your asset tracking app and press "report issue".

Every time you scan an asset's tag, the last seen GPS location, user who scanned the tag, and the time of the scan will also be logged. This gives you a neat, clear audit trail of where your assets were when they've been interacted with.

itemit's Asset Tracking System

itemit's asset tracking system is scalable, customisable, and effective in all industries. itemit has customers in stage, film, construction, healthcare and education to name a few.

With itemit, you get unparalleled support, as the system itself has been improved off the back of the feedback from our customers. This means that the dedicated team will help you stamp out any teething issues when you're deploying the system.

itemit's features are many, too, and include check in check out systems, issue systems, and effective location tracking functionalities.

You can also mix and match tagging technologies, including RFID asset labels, GPS trackers, QR codes and barcodes, giving you the most visibility over your assets possible.

To find out more about how itemit's asset management system can help your business, you can contact the team at team@itemit.com. You can also fill in the form below to start your 14-day free trial.