Asset tracking solutions can benefit any industry that handles assets or high-value inventory. Industries with critically supportive assets benefit the most, such as manufacturing, healthcare, oil and gas, mining, steel, telecom, and pharmaceuticals.
If your organization must manage large amounts of assets or maintain equipment over a large geographic area, asset tracking software can provide an immense boost. Utilities, government and municipal bodies, universities and corporate campuses can all see efficiency gains and reduce unnecessary spending on lost materials.
With asset management software, workers within these industries use wireless handheld devices to complete cycle counts, create fixed assets, dispose of fixed assets, complete location inquiries/transfers, check-in/check-out, issue to project, and more.
Each step transacts against the ERP in real-time at the point of work, greatly increasing operational visibility and efficiency.
Paper-based processes and manual data entry belong in the world of yesterday in today’s age of digitization. Assets tie up large amounts of potential working capital and result in money lost in depreciation, lost high-value material and lost in the inability to perform maintenance when and where needed.
Using modern asset tracking solutions, organizations can drive efficiency, create transparency, cut overhead and maximize utilization.
Read thousands of items simultaneously, without line-of-sight. RAIN RFID tags are durable, low-cost, and don’t require batteries. Extend your asset management to include every valuable asset in your facility.
Too many companies still track their high-value tools, equipment, spare parts, and more using obsolete manual processes. Handwritten checklists and data entry can only frustrate and hinder your operation’s tracking efforts. Upgrading slow-moving processes with asset tracking software and mobility may prove transformative to your FAM best practices.
For any business in any industry that must manage a large number of assets over multiple locations, the ability to view, manage and track movements in real-time is necessary to remain competitive. With RFID you can gain item-level data about every asset to ensure important tools and equipment don’t get lost, misplaced, or stolen. By keeping up-to-date on your assets’ whereabouts, you can reduce overall inventory levels while ensuring adequate supplies across all locations.
When considering potential asset tracking software, the ideal solution will offer room to expand into other areas as your business grows. This way, your solution will solve current and future challenges. Mobility, inventory control, and mobile app development for supply chain apps are three invaluable areas to look for. Combined, they create a holistic solution for managing every type of inventory using high-quality data and real-time movements transacted at point-of-work.
If you are interested in improving your asset management skillset, consider reaching out to the Institute of Asset Management to explore their wonderful professional development and knowledge resources.
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