Best Asset Tracking Software

Best asset tracking software are Asset Panda, AssetExplorer, AssetTiger, Asset Infinity, and AssetSonar. These asset tracking systems help businesses track their physical or digital assets in one system.

List of 20 Best Asset Tracking Software

Showing 1 - 20 of 58 products

Freshservice is a cloud based ITSM Solution

Freshservice is a cloud-based asset-tracking software that empowers businesses to focus on prime aspects to improve customer satisfaction. The tool assists the service desk team in delivering what customers seek. Advanced features, excellent functionality, and ease of integration with other business tools make Freshservice a preferred tool for businesses. Read Freshservice Reviews

Most Reviewed

Digitally Transforming the Asset Audit and Trackin

AssetCues is a trusted asset tracking partner for prominent global companies and is a leading enterprise asset tracking solution provider that completely manages every asset tracking needs. Read AssetCues Reviews

Software by Zoho Corporation Pvt. Ltd.

AssetExplorer is one the best asset tracking solutions businesses prefer to manage their digital and network assets. This web-based IT-asset management software can monitor the assets from the planning to disposal phases effectively. It is a perfect web-based solution that suits businesses from all verticals and also integrates with other tools. Read AssetExplorer Reviews

Contenders | 2024

Asset Tracking and Inventory Management software

EZOfficeInventory is one of the best assets tracking software 260, and a powerful inventory system helps businesses to scan the items and upload them into software easily. It can track assets from anywhere across multiple locations at any time. Most companies prefer EZOfficeInventory to create POs, schedule services, and manage vendors. Read EZOfficeInventory Reviews

Software by Grokability Inc.

Snipe-IT is one of the free asset tracking tools which is easy to use and allows you to manage all types of assets from a single location. The asset tracking software, Snipe-IT, is specifically designed to provide better asset security. The tool is updated regularly and ensures its functionalities are future-proof. Read Snipe IT Reviews

Manage anything & everything of value to you!

Asset Infinity is a leading cloud-based asset-tracking software widely used by businesses across verticals. With 99.9% guaranteed uptime, this asset tracking and management software, Asset Infinity, facilitates businesses in many ways. It acts as property tracking software, inventory management software, depreciation management software, user management software, and so on. Read Asset Infinity Reviews

Emergents | 2024

GoCodes offers an excellent asset-tracking platform and inventory-tracking solution for businesses. The software provides a centralized location for storing and securing QR stickers for effective management of the assets. With GoCodes, businesses can easily schedule asset maintenance tasks and quickly get accurate information about their assets. Learn more about GoCodes

Emergents | 2024

CHEQROOM is intuitive and easy-to-use asset-tracking software with many flexible and advanced features. Asset tracking software reviews for CHEQROOM are extremely positive due to their ease of accessibility. It is one of the essential digital tools for modern companies to improve their asset management processes. Learn more about CHEQROOM

Software by Wasp Barcode Technologies

Wasp Inventory Management is excellent inventory management software available at a reasonable price. With many features, real-time functionalities, and customized packages, Wasp Inventory Management is the best asset-tracking solution for small businesses. It gives multiple options like searching by serial number, data, pallet, and so on for tracking assets. Learn more about Wasp Inventory Management

Emergents | 2024

Asset Panda is a powerful asset management platform that tracks digital and physical assets. This asset-tracking software costs much less than other leading software. Yet, it has the same exceptional tracking features, including an in-built barcode scanner, custom notifications, workflows with custom actions, multiple language support, etc. Read Asset Panda Reviews

Emergents | 2024

The Ultimate Asset Tracking Software

itemit is one of the most superior and simplistic asset-tracking software solutions in the current market. It is cloud-based and highly intuitive, allowing users to track and manage assets easily. With guaranteed 99.9% uptime, this asset tracking software lets you track the assets offline. Learn more about itemit

Emergents | 2024

AssetTiger is an exceptional asset database tool with an intuitive user interface integrated with top-notch security features. The affordable asset tracking software price of AssetTiger and the straightforward process of tracking assets make it more preferred by top companies worldwide. Companies can easily automate their asset tracking process with this AssetTiger software. Learn more about AssetTiger

Emergents | 2024

Software by UpKeep Maintenance Management

The asset tracking software, UpKeep Maintenance Management, helps businesses to scale their team operations efficiently and effectively. It is the best on-the-go tracking software for managing and quickly accessing assets from anywhere. The software offers core maintenance functionality through which businesses can initiate preventive maintenance tasks and schedule services. Learn more about UpKeep Maintenance Management

Emergents | 2024

Software by Wasp Barcode Technologies

AssetCloud is a leading asset-tracking software that enables businesses from all verticals to manage and track their assets. This software inherits all the features and functions of top asset-tracking apps and delivers exceptional package-tracking service. With this AssetCloud software, businesses can easily track inventories, employee attendance tracking, and barcode labeling. Read AssetCloud Reviews

Emergents | 2024

IT Asset Management Software

AssetSonar is one of the best asset-tracking software that allows businesses to store and manage all their IT assets from a single location. This cloud-based IT management software, AssetSonar, helps businesses from all verticals have complete control over their assets, including their critical IT assets, and optimize their workflow. Learn more about AssetSonar

Software by Tragging sarl

Tragging Fixed Assets is a specially designed software to provide an end-to-end solution to track and manage assets for small-scale businesses. Like other top asset tracking tools, Tragging Fixed Assets is integrated with notable features like inventory tracking, asset lifecycle management, asset budgeting, depreciation management, disposal management, tax management, an audit trail, etc. Learn more about Tragging Fixed Assets

FMIS Fixed Asset Management is a cloud-based asset management software businesses use across multiple industries like retail, real estate, healthcare, manufacturing, education, the oil sector, etc. Being a leading property tracking software, FMIS helps businesses track asset status and get the history of assets across locations. Read FMIS Fixed Asset Management Reviews

Emergents | 2024

Ideal for manufacturing and warehouse verticals, Fishbowl Inventory Management software offers an excellent asset-tracking platform designed to cater to varied business sizes. With extensive inventory management features, Fishbowl Inventory Management software can be easily deployed on-premises or via the cloud. Learn more about Fishbowl Inventory Management

Software by AssetWorks

With many positive asset tracking software reviews, AssetWorks is an asset management software, AssetWorks, that is the best solution for businesses looking for an ideal platform to incorporate policies, procedures, and methods. It collects and stores all asset information in a centralized location, ensuring convenient accessibility from anywhere. Read AssetWorks Reviews

Emergents | 2024

TrackAbout is one the reliable asset tracking solutions provider for businesses that want to automate the asset-tracking process. This cloud-based software comes with returnable asset tracking features, an audit trail, disposal management, location tracking, inventory control, and a maintenance schedule. TrackAbout software facilitates collaboration and operational transparency across the pipeline to ensure regulatory compliance. Learn more about TrackAbout

Asset Tracking Software Guide

As a business owner, the task of tracking various assets like laptops, machines, trucks, and furniture can be demanding. Accurately maintaining records for all these assets becomes crucial but challenging. Improving the asset tracking process becomes a priority to ensure efficiency and better management of the business's diverse range of valuable resources.

Fortunately, asset tracking software provides a solution by streamlining operations and ensuring accurate records, which is crucial for companies of all industries, including manufacturing, healthcare, construction, education, and retail.

With asset tracking software, you can centralize data, improve inventory management, optimize maintenance, and enhance resource allocation. Invest in the right asset management solution to boost efficiency, reduce costs, and increase productivity.

We'll take a deep dive into asset tracking software in this thorough guide, analyzing its unique features and benefits, the issues you may face, the newest trends, pricing information, and check out the best 5 asset tracking software solutions on the market.

By the end of this guide, you'll have all the knowledge you need to make an educated decision and select the finest asset tracking software for your company.

So, let's get started!

What does Asset Tracking Software mean?

Asset tracking software program is a technological solution that assists corporations in monitoring and managing their assets. This software often uses barcode or QR code scanning, GPS tracking, and other means to track the location, status, and condition of business assets. It provides businesses real-time data on their assets, allowing them to make informed asset management decisions.

Who Uses Asset Tracking Software?

Manufacturing, logistics, construction, healthcare, education, information technology, and retail all employ better asset tracking and monitoring software. The following sectors benefit from asset-tracking software:

Users of Asset Tracking Software

  1. Manufacturing

In manufacturing, asset tracking software is critical for effective inventory tracking of raw materials and completed commodities. Real-time visibility streamlines operations and ensures optimum resource utilization by optimizing production and distribution processes. It aids in avoiding stock outs, reducing production delays, and increasing overall productivity.

  1. Logistics

In Logistics, asset tracking software allows for efficient inventory tracking by giving real-time information on quantity, location, and movement. It improves inventory management by lowering stockouts and surplus. Tracking shipments precisely boosts customer happiness by providing correct information. This program assures proper product choosing and packing while also reducing costs associated with wrong delivery.

  1. Construction

Asset tracking software is extremely useful in the construction industry for tracking equipment, tools, and materials and minimizing loss or theft. It allows for resource allocation, reduces asset loss, and saves downtime. The program facilitates maintenance scheduling while also eliminating unforeseen breakdowns and increasing project efficiency.

  1. Healthcare

In healthcare, asset tracking software is critical for tracking medical equipment, supplies, and prescriptions. It assures patient care availability and maintains expiration dates to prevent waste. The program reduces theft and loss while increasing asset utilization for expensive medical equipment.

  1. IT and Technology

Asset tracking software is critical for managing hardware and software assets in IT and technology firms. It offers centralized tracking throughout their lives, including inventory and allocation management. The software maintains the warranty and license, lowering the chance of infringement. IT organizations properly track assets to allocate resources wisely and schedule maintenance and upgrades.

  1. Education

Asset tracking software aids educational institutions by tracking equipment, furniture, and books, thereby preventing loss or misplacement. It ensures resource availability and aids in maintenance scheduling, hence lowering expenses.

  1. Retail

In retail, asset monitoring software is critical for tracking inventory, displays, and fixtures. It keeps correct inventory records, ensuring customer availability. Real-time tracking avoids theft, minimizes losses, and aids with inventory management. Inventory management that is optimized promotes customer satisfaction, operational efficiency, and profitability.

Features of Asset Tracking App

Asset tracking apps offer several features that make asset tracking more efficient and effective. Here are some of the features to look for in an asset tracking app:

Features of Asset Tracking Software

  1. Barcode/QR code scanning

Barcode/QR code scanning is crucial for asset tracking apps, enabling users to scan and identify objects quickly. By eliminating manual data entry, this feature minimizes errors and saves time.Some apps even support numerous barcode formats, making it simple to track assets with several types of labels.

  1. GPS tracking

GPS tracking is another crucial feature that allows users to track the location of assets in real time, making it easier to find them and ensuring that they are not forgotten or lost.It is greatly beneficial for tracking assets that are always in motion, such as automobiles or construction equipment.

  1. Maintenance tracking

 Asset tracking apps benefit from maintenance tracking since it helps users to schedule and manage asset upkeep. Users can use this tool to schedule reminders for impending maintenance chores and track the status of completed activities.This can help to ensure that assets are well-maintained and can help to extend their lives.

  1. Customizable fields

Customization fields are an important feature since they enable users to tailor the app to their individual company needs. Users can utilize this functionality to add fields to track extra data points vital to their business, such as purchase dates or maintenance history. It can also aid in ensuring that the app gives the appropriate information for the user's individual requirements.

  1. Reporting

Reporting is an important feature for asset tracking apps since it enables users to generate reports on asset data and performance. Users may instantly view statistics such as asset use, maintenance history, and inventory levels with this functionality. This data can be utilized to spot trends, make data-driven decisions, and improve asset management operations.

  1. User permissions

User permissions are an important feature for asset tracking apps since they allow users to limit access to certain asset data. Users can manage who gets access to sensitive information such as purchase prices or maintenance histories with this feature.This can contribute to data privacy and security.

  1. Integration with other systems

Another crucial aspect to look for in an asset tracking tool is integration with other systems. Users can connect the app to their existing applications, such as accounting or help desk platforms, using this capability. This can improve accuracy and save time by streamlining operations and reducing data entry errors.

Key Benefits of Asset Tracking Tool

Asset tracking tools offer several benefits to businesses, including improved asset management, increased efficiency, cost saving, enhanced productivity, accurate inventory management, improved compliance and better decision making:

Benefits of Asset Tracking Software

  1. Improved asset management

Asset tracking tools give businesses real-time data about their assets, allowing them to make informed asset management decisions. This involves tracking asset location, asset usage history, and maintenance requirements, allowing firms to optimize asset utilization and avoid asset loss.

  1. Increased efficiency

Asset tracking software automates asset tracking, eliminating human labor and saving time. Businesses may focus on more vital duties such as asset maintenance and optimization by automating the asset tracking process.

  1. Cost savings

Asset tracking tools reduce the risk of asset loss, theft, and damage, lowering corporate costs. Businesses can promptly locate and recover lost assets, decrease asset replacement costs, and avoid costly downtime caused by asset damage or theft by giving better visibility into asset location and condition.

  1. Enhanced productivity

Asset tracking solutions give firms greater visibility into asset performance, allowing them to optimize operations and boost efficiency. Businesses using asset tags can detect underutilized assets, optimize asset allocation, and reduce downtime caused by asset malfunction or maintenance needs by measuring asset utilization and performance.

  1. Accurate inventory management

Asset tracking software allows organizations to accurately track inventory levels, decreasing the risk of stockouts and overstocking. Businesses may ensure that they have the proper quantity of inventory on hand to satisfy demand, reduce inventory carrying costs, and avoid lost sales due to stockouts by managing inventory levels in real-time.

  1. Improved compliance

Asset tracking software can assist firms in meeting a variety of industry rules and norms. Businesses may verify that they are satisfying regulatory requirements and avoiding penalties or fines by providing correct and up-to-date information about asset location, usage, and maintenance history.

  1. Better decision-making

Asset tracking software can help firms make better asset management decisions by delivering real-time data and insights about asset performance and utilization. Identifying opportunities for improvement, improving asset use, and projecting future demands are all examples of this. Businesses may make more educated decisions that benefit their bottom line with better data at their fingertips.

How To Choose the Right Asset Tracking App?

When considering your cloud based asset management and tracking app choices, it is critical to select the best solution for your organization's goals and objectives.

Below listed are some important things to bear in mind:

How to Select Asset Tracking Software

  1. Holistic asset tracking capabilities

When selecting the right asset tracking software for your business, consider features such as barcode/QR code scanning, GPS tracking, maintenance tracking, customizable fields, reporting functionality, and user permissions for comprehensive asset management.

  1. Stick to proven products

Select asset tracking software with a demonstrated track record of success by considering its successful implementation and utilization by similar businesses, as well as the feedback and ratings from other users to ensure its performance, reliability, and suitability for your specific needs.

  1. Understand the lifecycle of assets

When selecting asset tracking software, assess its ability to support the entire lifecycle of your assets, including procurement, assignment, maintenance, retirement, and disposal, while also considering its capability to handle asset depreciation and provide accurate asset valuation.

  1. Objectives and expectations

To choose the right asset tracking software, clearly define your objectives, identify challenges or goals, and evaluate software options based on how well they meet your specific needs and desired outcomes.

  1. Scalability

When selecting asset tracking software, consider future growth and scalability by choosing software that can handle expanding assets and users, maintain performance, and easily adapt to changing organizational needs.

  1. Ensure data security and maintenance

When selecting asset tracking software, prioritize both data security and vendor support by choosing a solution that implements robust security measures, demonstrates commitment to data privacy and compliance, and provides reliable maintenance, updates, and responsive customer support. 

  1. Compatibility with the technology used in your organization

Choose asset tracking software that seamlessly integrates with your organization's technology infrastructure, including essential systems like ERP, barcode scanners, and mobile devices, to streamline workflows, boost productivity, and eliminate manual data entry.

Apart from the above-listed pointers, it's also important to consider users' feedback, ratings, and reviews before selecting an asset-tracking software. These will help you learn more about the solution's functionality and usability better.

Top 5 Asset Tracking Software

Name
Free Trial
Demo
Starting Price

Asset Panda

14 Days

Yes

$1495/year

EZOfficeInventory

14 Days

Yes $40/month

UpKeep

14 Days

Yes

$45/user/month

Sortly

7 Days

Yes

$29/user/month

Snipe-IT

7 Days

Yes

$39.99/month

Discover the top 5 asset tracking software systems that empower businesses to efficiently manage and monitor their assets. Explore their features, pricing options, and pros and cons to make an informed decision.

  1. Asset Panda

Asset Panda

Asset Panda is a cloud-based asset tracking and management software that assists businesses in tracking, managing, and organizing their assets efficiently. It offers a comprehensive range of tools and features aimed at streamlining asset management operations and increasing overall efficiency.

Features
  • Asset Tracking from anywhere
  • Customizable Asset Database
  • Check-in/Check-out Management
  • Built-in barcode scanner
  • Reporting and Analytics
  • Custom notifications provided to keep everyone informed for improved efficiency and planning
Pros
  • Mobile app for convenient on-the-go access.
  • Integration options with other business systems.
  • Comprehensive reporting and analytics features.
Cons
  • Complex setup and configuration process.
  • Steeper learning curve for non-technical users.
  • Customer support response time can vary.

Pricing

  • Basic plan starts at $1,495 per year for up to 500 assets
  • Advanced and Enterprise plans require a custom quote
  1. EZOfficeInventory

EZ Office Inventory

EZOfficeInventory is a cloud-based asset tracking and management software designed to assist businesses manage their physical assets, equipment, and inventories more efficiently. It offers an extensive set of features and tools for streamlining asset management operations, increasing asset visibility, and improving operational efficiency.

Features

Each of the features offers an even more comprehensive set of features which makes it more useful for its users.

Pros
  • Mobile app for easy accessibility.
  • Customizable reports and notifications.
  • Integrations with many business software.
Cons
  • Some users have reported occasional performance issues.
  • Customization options may be limited for specific workflows.
  • Integration options may not cover all business systems.

Pricing

  • The Essential plan starts at $40 per month for up to 250 items. 
  • The Advanced plan starts at $55 per month for up to 250 items
  • Premium plan starts at $65 per month for up to 250 items
  • Enterprise plans require a custom quote
  1. UpKeep

Up Keep

UpKeep is computerized maintenance management system (CMMS) software that assists organizations in streamlining their maintenance operations. Its primary goal is to help maintenance teams organize work orders, track assets, and schedule preventive maintenance chores more efficiently.

Features
Pros
  • User-friendly interface with a clean layout.
  • Real-time updates and notifications.
Cons
  • Limited customization options for forms and workflows.
  • Advanced reporting capabilities may require additional setup.

Pricing

  • The "Starter" plan at $45/user/month 
  • The "Professional" plan at $75/user/month 
  • The Business Plus plans start at $120/user per month 
  1. Sortly

Sortly

Sortly is an all-in-one inventory management and asset monitoring software that is designed to make organization and tracking easier. It offers businesses straightforward capabilities such as barcode scanning, customisable fields, and cloud-based storage, allowing users to manage and identify their inventory and assets more efficiently.

Features
  • Barcode and QR code scanner
  • High-resolution photo uploads for visual tracking of items
  • Low stock alerts to prevent inventory shortagesReal-time reporting
  • Automatic inventory sync across all devices for seamless management.
Pros
  • Mobile app for on-the-go access.
  • Customizable fields and categories.
  • Affordable pricing plans.
Cons
  • Lack of integration options with other business systems.
  • Reporting capabilities may be basic.

Pricing

  • Advanced Monthly plan is $29/month for 2 users
  • Ultra Monthly plan is $59/month for 5 users. 
  • Contact Sortly for pricing on the "Enterprise" plan supporting up to 10 users. 
  1. Snipe-IT

Snipr IT

Snipe-IT is another open-source asset management software that helps businesses track and manage their assets. It has features such as barcode scanning, customizable asset fields, a friendly user-interface, and thorough reporting. Businesses can use Snipe-IT to streamline asset monitoring operations, increase visibility, and give seamless asset management experience.

Features
  • Barcode scanning for efficient asset tracking
  • Customizable asset fields to adapt to specific tracking needs
  • Customizable asset lifecycle management for tracking assets throughout their lifecycle.
  • Integration capabilities with other systems and platforms
  • API support for seamless integration with external applications.
Pros
  • Customizable fields, labels, and categories.
  • Integration options with other business systems.
  • Active community support and frequent updates.
Cons
  • May lack some advanced features found in paid tools.
  • Additional development or customization may be needed for specific requirements.
  • Some users have reported occasional compatibility issues with certain systems.

Pricing

Snipe-IT offers various pricing options to cater to different needs. The "Self-Hosted" option is free, allowing users to host the software on their infrastructure. The "Monthly Hosted" plan is priced at $39.99/month, while the "Annual Hosted" plan costs $399.99/year, providing cost savings. The "Support-Only" plan is available for $449.99/year, and the "Enterprise Support" plan, tailored for larger organizations, is priced at $4,999.99/year. For more details, visit Snipe-IT's website.

Challenges of Asset Tracking Tool

While asset tracking tools provide numerous benefits, users may encounter some difficulties. Among these difficulties are:

Challenges in Asset Tracking Software

  1. Data accuracy

For proper asset tracking systems, accurate data entry is critical. To avoid errors and ensure accuracy, clear protocols, user training, and an emphasis on exact data input are required.

  1. Integration with existing systems

Asset tracking software frequently requires integration with other software such as inventory management or ERP software. To ensure a successful integration, compatibility tests and close engagement with the software vendor are required.

  1. User adoption

Encouraging personnel to adopt a new asset tracking system can be challenging. Organizations should emphasize the benefits, give extensive training and assistance, and establish a positive change management atmosphere.

  1. Cost

Implementing asset tracking tools can involve significant costs, especially for small organizations with limited budgets. It is crucial to carefully evaluate the total cost of ownership, which includes not only the software but also any required hardware, ongoing maintenance, and support services. Conducting a cost-benefit analysis and exploring flexible pricing options is recommended.

  1. Security

Security is of utmost importance because asset tracking tools store sensitive data. There should be strong security safeguards in place, such as data encryption and user access controls. Data safety is ensured by regular security audits and adherence to industry best practices.

Latest Trends in Asset Tracking App

To stay ahead of the competition, organizations must keep up with the latest advancements in the asset-tracking market. Here are some of the top asset-tracking app trends:

Trends in Asset Tracking Software

  1. IoT-enabled asset tracking

The Internet of Things (IoT) is revolutionizing asset tracking. Businesses may monitor the location, status, and other vital data of assets in real time by embedding sensors and other devices in them. This makes asset tracking more accurate and efficient, as well as predictive maintenance possible.

  1. Predictive maintenance

Asset-tracking apps can now forecast when fixed assets will require maintenance or repairs using machine learning and data analytics. This enables firms to schedule maintenance proactively rather than reactively, decreasing downtime and increasing asset life.

  1. Mobile-first design

As more firms use mobile devices to manage their assets, asset-tracking apps are evolving to suit this need. Many apps now feature mobile-first design, with user interfaces optimized for smartphones and tablets.

  1. Augmented Reality (AR)

Augmented reality (AR) elements are also being added to asset tracking apps, allowing users to see virtual representations of items overlaid in the actual environment. This is especially important for maintenance and repair operations since it allows technicians to easily identify and locate assets.

  1. Cloud-based solutions

Cloud-based asset tracking solutions are gaining popularity because they provide flexibility, scalability, and cost-effectiveness. Businesses can access their asset data from anywhere and simply scale up or down as their needs change with cloud-based solutions.

Businesses that keep up with these developments can take advantage of the most recent advances in asset tracking apps and can manage assets in their operations for optimal efficiency and profitability. Whether you're just getting started with asset tracking or want to replace your current system, these patterns should be considered when selecting an asset tracking app.

Average Asset Tracking Software Cost

Deciding the right asset tracking software might be a challenge, when considering their costs it can be varied based on features, scalability, and provider pricing.

Below are few asset tracking software price options to consider:

  • Basic Plan: The costs start from $20 to $50 per month which are suitable options for small businesses.
  • Professional Plan:This plan has more features than the basic plan and ranges from $50 to $200 per month.
  • Enterprise Plan: Suitable for larger organizations and this ranges from several hundred dollars to several thousand dollars per month.
  • Additional fees: Many providers charge additional fees for extra users or assets beyond the limit in the plan.
  • One-Time Purchase Options: Software available for a single upfront fee, typically ranging from a few hundred to several thousand dollars.

To find the best asset tracking software within your organization's budget, it is advisable to thoroughly evaluate the features, scalability options, and cost considerations of each solution.

Compare the pricing structures of different providers, keeping in mind the level of functionality required and any potential additional expenses and choose the suitable asset tracking software solutions.

Conclusion

Asset tracking software is a strong tool that may assist firms of all sizes in improving asset management, increasing efficiency, and saving money. Consider your organization's specific objectives and goals when considering software alternatives, and search for software that provides a comprehensive approach to asset tracking. Organizations may optimize their asset management procedures and drive long-term success by implementing the correct asset management software.

FAQs

Asset tracking is a crucial component of asset management, and there are numerous technologies available to carry it out. Utilizing asset tracking software is a popular technique since it enables companies to keep track of their assets using tools like barcode or QR code scanning, GPS tracking, and customizable fields.

An additional strategy is utilizing RFID (Radio Frequency Identification) technology, which tracks assets using radio waves and offers real-time visibility. The choice of asset monitoring software will ultimately depend on the needs and demands of the company.

Asset tracking apps utilize various technologies, such as RFID, GPS, barcode/QR code scanning, and IoT, to track assets. GPS provides location through satellite signals, RFID uses radio waves with tags, barcode/QR code scanning reads data, and IoT incorporates sensors and wireless connectivity for real-time tracking. The choice of technology depends on the app's functionality and company requirements.

SAP offers three asset tracking solutions: SAP Asset Intelligence Network (cloud-based), SAP Asset Central (on-premises), and SAP Asset Manager (mobile app). They enable businesses to track assets, monitor performance, and manage maintenance. Asset Intelligence Network facilitates real-time collaboration, Asset Central provides a centralized asset view, and Asset Manager empowers field employees with mobile asset management capabilities. Together, these solutions offer comprehensive asset monitoring and management features for businesses.

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Last Updated: January 02, 2024