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.

Asset ownership or responsibility is far easier to track and reconcile. This is an especially important benefit during office moves, facilities audits or data center expansion, consolidation situations or in production environments. It also adds to audit compliance ease.
Through greater asset visibility, and through the use of smart alarms, asset security is vastly enhanced.

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.

By retaining the last known location of the tagged assets, the RFID enabled solution provides inventory location information for assets across the facility. This perpetual inventory not only provides location data to help staff locate assets but creates an efficient method to account for equipment inventories.

Track rental equipment to ensure assets are returned on time and analyze utilization data to optimize the balance between capital and rental equipment—significantly  lowering operational costs.

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