Asset Tracking, Getting Organized, Maximizing Profits

2007-03-08 10:33:40

( Computers )



Whenever you misplace something it’s most likely because you don’t keep your things very organized. The same principle applies to company losses due to the lack of asset tracking. Inventory tracking of assets is commonly neglected; this is why valuable items and equipments are most commonly lost and misplaced.

Asset tracking is when a company labels all assets and tracks down asset movement from one place to another. By doing this, companies avoid losses by pinpointing the asset’s movements, determining whether the asset stays stagnant or stays within circulation. It will reveal whether an asset is being maximized and utilized. Assets are tracked by using asset tracking labels, which are barcodes that are linked to a system that helps the company with asset tracking. There are a lot of assets that need to be monitored so an asset tracking software is a great help in this task.

Fixed asset tracking, as the name suggests, is an accounting process that is mainly useful in tracking fixed assets. Fixed assets, unlike liquid assets, are assets that are not readily convertible to cash. Such is the classification of business assets like land, machinery and the like. Aside from accounting for fixed assets, fixed asset tracking is done to assess fixed assets and determine whether any preventive maintenance procedure is required. It is also done to prevent fixed assets loss or theft.

Inventory tracking, on the other hand, is the process of keeping track of and following the company’s physical inventories. This is very essential since most petty losses come from the lack of keeping track of everything a company owns.

Assets which relate to company’s IT dealings such as network servers, computers and the like are called IT assets. IT asset tracking is also necessary so that valuable software and applications as well as crucial IT equipments and hardware can be monitored to prevent theft, loss or crashes. IT asset tracking also helps maintain the company’s seamless connection to the web.

Items used to transport other merchandise and products like beer kegs, boxes, product containers, and cases are called mobile assets. Mobile asset tracking is very important since transportation media are crucial to the timely and efficient movement of products.

Indeed keeping an inventory of a company’s assets is very important. Fortunately, there are a lot of asset tracking software products available that can help.


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