What to Know About Asset Tracking
Anything that you company has paid for, created, or possesses by some other means. An asset is a tangible item that is considered to increase the value of your company.
Other Terms for "Asset"
Globally speaking, there are other words associated with the term, Asset:
product; item; on-hands; inventory; service; resource; transport
Examples of Assets
- Employees
- Facilities
- Land
- Vehicles
- Computer hardware
- Computer software
- Tools on-hand
- Equipment
- warehouse inventory
Tracking Assets
Data about a companies assets should be constantly collected, and the status of the assets should be updated as much as possible. By knowing all relevant data regarding assets, organizations stay informed about things like carrying cost, profit margins, asset needs, and future business decisions.
Companies track their assets using software. For example, software can be installed in barcode scanning devices that let users scan in asset data. FlowTrac's software tracks all your assets.
What FlowTrac's Asset Tracking Software Can Do
FlowTrac's software packages create all the relevant data fields you want to collect for assets. Our robust software packages for asset tracking will collect all the data that YOU decide is meaningful. The data that your system captures can be easily viewed and exported. Here are some examples of data points about your assets that you could select to track:
ID Information
- ID number
- ID Tags
- warranty info
- Insurance Policy #'s
- quantity on-hand
- size & weight
- warnings
- security features
- revising ID fields
- unlimited notes
- unlimited images
- unlimited documents
Time and Location History and Status
- bin/shelf location
- check-in and out
- when it was scanned
- who scanned the asset
- employee badge capturing
- transfer history
- labor start/stop times
- labor costs
Servicing Assets that Need Servicing
- Routine PM (Preventative Maintenance)
- Scheduled servicing with alerts
- service order history
- service costs
- badges of the technicians
**A Final Note about Tracking Assets**
Whether your company wants to track the flux of your warehouse inventory or how your delivery trucks are being serviced, or all of the above and more, FlowTrac has you covered! We are experts in making it easy for business owners and managers to see the state of the company's assets in real-time, thus the company's value and potential, with up-to-date, detailed precision.
Contact us for a demo!
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