Audits, spot audits and inventory counts achieve (or approach) 100% accuracy and completeness. Regulatory compliance is as a result much easier to meet.
Audits and inventory counts are completed 50-90% faster than counts done with manual or bar code methods, saving both valuable personnel hours and substantial auditing cost.

The ability to virtually automate asset management practically eliminates the need for  staff to spend time inventorying assets and tracking down specific assets that are lost or misplaced, or require maintenance, repair or destroying. Some customers have reported as much as a 95 percent reduction in asset tracking time.

RFID technology enables the fast idenfication of items which move between different sites, so inventory can be recorded accurately on leaving and returning to site. This ensures that inventory levels remain up to date at all times eliminating errors typically associated with manual processes.

By placing RFID readers at warehouse doors where items typically enter and leave, all RFID tags that pass will be picked up and recorded. Not only can this be done without any physical human interaction, but it means a large number of items can be read at once and therefore valuable information regarding inventory volumes can be processed a lot quicker.

A lorry-load of equipment can be scanned using RFID readers without slowing the loading process down by unloading and physically scanning each item. This information can be used to compare against a manifest to highlight any items that are missing or equipment that isn't meant to be in a particular load.

Using RFID technology to monitor in-coming and out-going goods can also help the service provider or user avoid returning the wrong items or delaying any appointments due to missing items. 

Having the means to understand when planned maintenance should be scheduled, based on the usage of an asset, can help keep equipment running reliably and mitigates the risk of unplanned outages, which are a major source of delays.
Utilization reports generated by asset tracking solutions provide this means and allow you to adopt a preventative and predictive approach to service and maintenance as opposed to a break/fix service structure.

Monitor and analyze equipment utilization data across job sites against contract agreements and improve customer service  through accurate billing.

Create detailed reports such as monthly movements.