What are the benefits of using an asset tracking system?

Organisations are continually seeking ways to optimise their operations and streamline their processes, and the utilisation of asset tracking systems allows them to do just that. These systems offer many benefits, ranging from improved inventory management to enhanced productivity and cost savings. We are looking at the advantages of implementing asset tracking systems and some of the challenges that you may encounter along the way.

asset tracking operative in a warehouse

What is an asset tracking system?

An asset tracking system is a technology-based solution designed to monitor and manage the location, movement, and status of physical assets within an organisation. It typically involves the use of hardware, such as mobile computers, barcode tags, or UWB tags, along with software applications to track and record fixed asset information.

The advantages of using an asset tracking system

Enhanced Visibility and Fixed Asset Management: One of the primary advantages of asset tracking systems is the ability to gain real-time visibility into the location and status of assets. Whether it’s equipment, vehicles, or inventory items, tracking systems provide organisations with accurate, up-to-date information, allowing for better inventory management and reduced instances of loss or theft.

Optimised Resource Utilisation: Organisations can optimise resource allocation and usage by knowing the precise location of assets. Asset tracking systems enable businesses to identify underutilised assets, prevent over-purchasing, and redistribute resources as needed, ultimately leading to improved efficiency and cost savings.

Increased Productivity: With asset tracking systems automating manual tracking processes, employees can focus their time and energy on more value-added tasks while cutting down drastically on human error. This automation leads to increased productivity across the organisation, as employees no longer need to spend hours manually logging and searching for assets.

Streamlined Maintenance and Compliance: Asset tracking systems can streamline maintenance schedules and ensure compliance with regulatory requirements. By monitoring the usage and condition of assets, organisations can proactively schedule maintenance tasks, reducing downtime and extending the lifespan of critical equipment.

Enhanced Customer Service: For businesses that rely on timely delivery of goods or services, a successfully implemented asset tracking system can significantly improve customer service. With the ability to track the movement of assets in real-time, organisations can provide customers with accurate delivery estimates and quickly address any issues or delays that arise.

Now, let’s take a closer look at two leading providers of asset tracking solutions:

G-Smart Assets: G-Smart Assets offers a comprehensive asset tracking platform designed to meet the unique needs of businesses across various industries. GSM Barcoding is a supplier of G-Smart assets software, which efficiently reports details on your tagged items wirelessly and compiles this data securely for your review. This software is beneficial for maintenance programs, as it notifies you when something requires attention and assists in creating your maintenance schedule.

Zebra Motionworks: Zebra Motionworks is another key player in the asset tracking space, offering a range of solutions tailored to different industry verticals. Their platform combines hardware, software, and analytics capabilities to deliver actionable insights and drive operational excellence.

The benefits of using an asset tracking system are undeniable. From enhanced visibility and asset management to increased productivity and customer satisfaction, these systems offer a multitude of advantages that can help businesses thrive in today’s competitive landscape. Whether you’re a small business or a large enterprise, GSM Barcoding can help you to yield significant returns and position your organisation for long-term success.

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