What Is Asset Tracking? Benefits & How It Works – Forbes Advisor

Barcode Asset Tracking

Larger physical assets may have a barcode label attached. You can find a lot of different apps with scanning software that can help you manage these items and have an up-to-date log of all of them right from a mobile device. Since it’s electronic, it can be accessed by all the employees who need it. Asset tracking software is especially useful if you have multiple offices or employees who have to work off-site.

RFID Asset Tracking

RFID tags broadcast the location of your assets. This is a good method for making sure there are no mistakes in your asset tracking. These do require handheld scanners, so it’s important to decide how many of these you’ll need in order to get started.

GPS-Based Asset Tracking

Asset tracking software that uses a GPS tracking device can transmit through cellular networks or satellites. The benefit of this system is that it can communicate across distances and keep accurate, up-to-date logs for everyone using it.

There are mobile GPS asset tracking devices, and they can also be hardwired into a large piece of equipment. You’ll also be able to set alerts in a geofence so you can keep track of your larger items. If they go anywhere they’re not supposed to be, you’ll know immediately.

GPS asset tracking software also lets you keep everything on one, easy-to-use dashboard. Fleet management systems can be simplified with a GPS asset tracking system.