A Guide to Fixed Asset Tracking
When companies begin to organize assets for greater efficiency and control, the first items that come to mind are naturally movable assets, such as hand tools, tablets, and inventory in a supply chain. These items might be checked out by employees, moved between rooms in the same building, or distributed to far-flung worksites. However, attention must also be directed towards fixed assets....
A Guide to Fixed Asset Tracking
When companies begin to organize assets for greater efficiency and control, the first items that come to mind are naturally movable assets, such as hand tools, tablets, and inventory in a supply chain. These items might be checked out by employees, moved between rooms in the same building, or distributed to far-flung worksites. However, attention must also be directed towards fixed assets....
Construction Asset Management Guide
Because they often move from place to place, construction assets are especially subject to theft or misplacement. Effective construction asset management is vital for increasing profits, deterring employee and outside theft, locating missing items, and making your construction site overall more efficient. Maximizing effective construction asset techniques is helpful to decision...
Asset Management Best Practices
Knowledge of asset management best practices and their efficient application can result in a smoothly-running organization that will become more productive, have more involved employees, stay compliant, and serve its customers better. In the end, all these factors mean one thing: your company will save some money. Anyone interested in applying asset management will benefit from these best...
Asset Tracking Methods to Know
A company’s assets are of little use if employees aren’t sure where they are, where they’ve been, or where they’re going. The data collected from each asset’s daily activities, even if it remains fixed, is invaluable. Asset tracking can help immensely when it comes to: efficiency in central supply managementreducing loss and petty theftattending to preventative maintenance This...
Tool Tracking System: Everything You Need to Know
Tools are among the most easily lost and misplaced assets in public and private organizations. Maintaining real-time information about their location is invaluable. Tool tracking is an important function for construction companies, retail outlets, nonprofit organizations, and education establishments. Properly applied tool tracking can lower costs, increase profit margins, boost employee...
Asset Life Cycle: Definition and Key Stages
Understanding the life cycle of your assets allows you to better plan for their role in your organization and saves your time, energy, and resources. When you’re ready for each phase of an asset’s life, you can better manage them and ease each transition for operators, managers, and owners. Actionable knowledge of asset life cycle management is useful for managers, employees, and financial...
What is Asset Tracking?
Asset tracking refers to tracing items an organization owns and having real-time information about their location and status. The assets can be mobile, moving from one place to another, or fixed.
More from the blog
Equipment Maintenance Log: Benefits and Best Practices
The equipment your organization owns and uses is only as good as its organizational system. Without it, your company wastes precious time, employees become frustrated, and clients may be underserved. Equipment maintenance logs can vary from company to company,...
Asset Tracking Spreadsheet: Benefits and Disadvantages
Using a spreadsheet to track assets has some advantages, but also many disadvantages. Making the right decisions about asset tracking for your organization will help boost efficiency and client satisfaction, so here are some aspects to keep in mind. This post...
Inventory Tracking: Tips and Insights
If properly conducted, inventory tracking can increase effectiveness, boost efficiency, and help employees become more accountable and engaged. Here is what decision makers, managers, front line workers, and stakeholders need to know about inventory tracking.
9 Tips for Better Heavy Equipment Management
Heavy equipment refers to vehicles mostly dedicated to construction and large scale engineering or municipal projects. They are major investments and can be challenging to manage. Some companies build their own fleet, while others rent from third parties as...
A Guide to Fixed Asset Tracking
When companies begin to organize assets for greater efficiency and control, the first items that come to mind are naturally movable assets, such as hand tools, tablets, and inventory in a supply chain. These items might be checked out by employees, moved between rooms...
Tool Crib Management: Guidelines and Best Practices
If you’ve invested in a secure and well-stocked inventory of tools for your company, it makes sense to have a safe and organized place to keep them. A well-managed tool crib is significant for you as well as your employees and stakeholders. The importance of good tool...
Construction Asset Management Guide
Because they often move from place to place, construction assets are especially subject to theft or misplacement. Effective construction asset management is vital for increasing profits, deterring employee and outside theft, locating missing items, and making...
Asset Management Best Practices
Knowledge of asset management best practices and their efficient application can result in a smoothly-running organization that will become more productive, have more involved employees, stay compliant, and serve its customers better. In the end, all these...
Asset Tracking Methods to Know
A company’s assets are of little use if employees aren’t sure where they are, where they’ve been, or where they’re going. The data collected from each asset’s daily activities, even if it remains fixed, is invaluable. Asset tracking can help immensely when...
Construction Material Tracking: 5 Effective Strategies to Know
Imagine you are a site manager of a construction project. Employees are exhausting materials around the clock to achieve project goals. Your client expects the project to be completed on time next week. And you are responsible for tracking materials to ensure...