No Equipment to purchase, Software to install, Labels to print, easy to use, easy transition for Volunteer Staff
Today, Asset and inventory tracking has become one of the most important departments in any industrial organization. Organizations big and small invest a significant capital and time in the procurement and maintenance of their equipment and assets. Hence, it becomes critical to continuously track their location and status to safeguard against loss of asset and malfunctioning during operation.
Planning and establishing systems are equipment for the daily operations of a company require time, resources and capital. Hence all the assets of the company right from stationery and office furniture to complex and delicate tools must be accounted for as they are investments.
No matter how successful the organization, the lack of asset tracking capabilities can wreak havoc at any point of time. Regular operations might be running smoothly today, but the untimely loss or damage of equipment can lead to catastrophic failures. Asset tracking used to be a time and labor intensive task with managers having to physically inspect and record the status of each asset. But with the subsequent progress in technologies, technological solutions are easy to use tools are available that have transformed the asset tracking sector. With the use of RFID tags, QR coded labels and barcodes, inventory tracking and management has become a simple and fast process.
Easy-to-use Asset tracking Solutions
Since the implementation of asset racking has become so simple (minimum time, almost zero new workforce) and easy to learn, companies big and small and from all sectors are implementing some form of inventory tracking technology. The technology has been combined with other software resources such as cloud database and data analysis to provide key business advantages. Some of the various advantages of using such asset tracking solutions are mentioned below.
- There minimum to zero purchase of new equipment required. Since most modern asset tracking solutions rely on QR codes or barcodes, they can be easily scanned using smartphones and data records can be updated instantly.
- RFID tags have become inexpensive and easy to implement. By tagging every asset in the inventory with RFID tags, they can be checked-in and out without any hassle. The RFID tags are extremely easy to print and can be applied on any surface. This makes them perfect for a diverse range of goods and products. RFID tags are one of the most popular inventory tracking systems in use today.
- Cloud computing has played a major role in the development of modern asset tracking systems. Earlier physical records or in-house servers were kept in place for database management. With the advent of cloud computing everything moved to third-party servers and all software services became available online. This allowed inventory managers to gather and analyze data at a much faster rate leading to better management of the inventory. Cloud computing requires no manpower or resources from the company’s side which results in saving of cost, time and labor.
- managers to gather and analyze data at a much faster rate leading to better management of the inventory. Cloud computing requires no manpower or resources from the company’s side which results in saving of cost, time and labor.
With advancements in technologies, industries are likely to depend more and more expensive and delicate systems which will call for proper implementation of inventory tracking and management services.