Asset tracking software is a sort of program that helps businesses to keep track of all of their assets, both owned and leased. These assets might be real (e.g., computers, heavy machinery) or virtual (e.g., software).
Throughout the lifespan of an asset, the software records and maintains facts such as location, operation/performance, user logs, warranties, service history, contracts, and other information.
Asset management software is a specialized tool developed to aid businesses in tracking assets throughout their useful lives. When a tool or piece of equipment has outlived its usefulness to the organization, the program allows you to assess the salvage value and dispose of it. Manual labor takes a long time and might result in erroneous results owing to human error.
So, here is the list of some of the top Asset Tracking Software are:
Locate2u is the ideal solution for keeping track of your delivery. We’ll optimize your routes in seconds, rather than hours. Customers may monitor you in real-time if you provide them with a tracking link through SMS. You can take a picture of the proof of delivery after it’s finished. From couriers to fresh fruit, furniture, retail, and restaurant delivery, we collaborate with companies all around the world. It’s a one-stop-shop for anything you need. It’s ideal for a single car or a fleet of 1000. Today, route, optimize, and track your team.
Locate2u is the ideal solution for keeping track of your delivery. We’ll optimize your routes in seconds, rather than hours. You may also send your customers a tracking link through SMS.
There is a free trial available.
NextBillion.ai is a prominent spatial data + AI platform that enables businesses to develop, operate, and manage their own mapping ecosystems to maximize cost, scale, and user experience while leveraging location data. Our AI-powered unified platform assists in the real-time tracking of all sorts of moveable assets, including cars, machinery, electronic gadgets, and other valuable goods. With NextBillion.ai, you can get economical and scalable live asset tracking.
Pricing for NextBillion.ai starts at $1.00 per month, dependent on use. A free version is available. A free trial is available at NextBillion.ai.
SeeMyMachines is a comprehensive and secured Industrial Internet of Things (IoT) platform that automates activities including asset management and tracking, condition monitoring, real-time location services (RTLS), and attendance/access control. Manufacturing, healthcare, transportation, wind/solar energy, professional services, and power generation/transmission are among the areas where the platform incorporates best practices and expertise for a smooth deployment.
Manufacturing, printing/packaging, wind/solar, logistics/transportation, power/transmission, and healthcare/medical devices are the best industries to use.
There is a free trial available.
There is a free version.
With our comprehensive IT asset management solution for remote workers, you can ensure software compliance, reduce hardware downtime, and always be audit-ready. IT asset lifecycle management, software licensing tracking, detailed analytics, and timely notifications provide total visibility into your IT infrastructure. We also integrate with service desks like Jira and Zendesk, as well as device management platforms such as Jamf, SCCM, and Microsoft Intune, so you can have a single source of truth for all of your IT assets.
Suitable for businesses of all sizes with mature IT infrastructures aiming to improve software compliance, reduce hardware downtime, and cut IT costs.
The monthly cost of AssetSonar starts at $49.99 per feature. There is no free version available. A free trial of AssetSonar is available.
Preventive maintenance, breakdown maintenance, machine or asset or equipment maintenance, and facility maintenance are all covered by Cryotos CMMS. With mobile apps for iOS and Android, you can create and manage work orders. Achieve the MTTR and MTBF goals. Predictive maintenance, maintenance management, and plant maintenance all benefit from AI. Cryotos KPI Maintenance reduces downtime and saves money. Cryotos offers a customized checklist and a dynamic process. Connect IoT to Cyotos CMMS.
Facility Management, Asset Management, Manufacturing, Oil & Gas, Food & Beverage, Hospital & Healthcare, Transport and Logistics, Aerospace, Heavy Industries, and Utility can benefit from this.
The monthly cost of Cryotos starts at $19.00 per user. A free version is available. Cryotos provides a risk-free trial.
Nlyte facilitates asset lifetime tracking. Receiving examines assets as they enter the port to ensure that they are deployed swiftly. The additions, status changes, and movements of networked assets, software, and IoT devices are all tracked through automated network discovery. For a single source of truth, the network is monitored and modifications are made to the asset database, as well as integrated CMDB, ITSM, and financial systems. For IT operations and security teams, user-based reporting can give exception reporting.
Best for business, colocation provider, and federal installations with 100 to 100,000 rack data centres and worldwide hybrid infrastructures.
Freshservice’s asset management allows you to track your organization’s IT and non-IT assets, such as contracts, hardware, and software, throughout their existence. On top of sophisticated ticketing and asset management capabilities including auto-discovery of new resources, powerful configuration management, and better impact analysis, the tool provides a novel user experience.
MSPs, financial institutions, educational institutions, and government agencies are among Freshservice’s clients.
No credit card is required for the 21-day free trial. Blossom costs $19 per month per agent (billed yearly). Garden: $49 per month per agent (billed yearly). $79 per month for a real estate agent (billed yearly). Forest: $99 per month per agent (billed yearly). Additional assets may be purchased for $0.20 per asset each month for Blossom, Garden, and Estate Plans.
ManageEngine ServiceDesk Plus is an asset management and help desk software by ManageEngine. At an Affordable Price Point, it provides an Integrated Package with Incident Management (Trouble Ticketing), Asset Tracking, Purchasing, Contract Management, Self-Service Portal, and Knowledge Base. ServiceDesk Plus has everything you’ll need to run a full-fledged IT help desk with a productive staff. On-Premise and On-Demand versions of ManageEngine ServiceDesk Plus are available.
ManageEngine ServiceDesk Plus combines the simplicity of use that small businesses want with the strong capabilities that major corporations desire. Our solution is trusted by over 100,000 enterprises across the world to manage their IT services.
The annual cost of ManageEngine ServiceDesk Plus is $495.00. A free version is available. A free trial of ManageEngine ServiceDesk Plus is available.
You’ve been looking for a straightforward asset tracking and management solution, and itemit is it. Track and manage your assets from your phone, whenever, wherever, and even when you’re not connected to the internet! You may customise itemit to meet your specific demands thanks to its flexible setup. Because not all assets are created alike, you may choose from a variety of tagging solutions, including QR codes and RFID. Key features include iOS and Android apps, QR codes, RFID tags, a desktop portal, custom reports, audit trails, asset tags, the ability to add custom fields, permission restrictions, and the ability to keep data secure.
itemit is a customizable asset monitoring and management programme that may assist people and teams in laboratories, facilities, construction, workplaces, charity, and more!
The annual cost of itemit starts at $349.00. A free version is available. A free trial of itemit is available.
EZOfficeInventory is a low-cost cloud-based asset management system with an easy-to-use UI. You’ll be up and running in no time with support for remote team communication around asset reservations, maintenance, checkouts, and audits, as well as Barcode and QR Code scans via our mobile app. Perfect for distant teams who need to track assets or coordinate activities.
Ideal for It meets the demands of many businesses by making it simple to track a variety of objects such as IT assets, audiovisual equipment, furniture, construction tools, medical equipment, and so on.
Essential (Beginning at $35) Advanced (Beginning at $45) Premium (Beginning at $50) Entrepreneurship (Custom) Save 10% on the Annual Plan All 501(c)(3) organisations are eligible for special discounts. This encompasses all educational and non-profit organisations.
A free trial of EZOfficeInventory is available.
Asset Tracking Software Buyer’s Guide
Users can use an asset tracking system to follow the whereabouts of objects that have been physically marked digitally. It also keeps track of assets and inventories, and may send management alerts when replacement parts are running low. Tracking these assets using software can help:
• Make certain that all scheduled maintenance is executed on time.
• Set up alert notifications so that when new work orders are issued, the right individuals are automatically allocated to tasks.
• Keep track of asset lifecycles. The system collects and stores data on the condition, age, and other characteristics of the equipment.
• Create reports and compute machinery depreciation.
Asset tracking software allows users to keep track of where each piece of equipment or machinery is located, as well as the work that has been done on it, across a company. Many of the functions of these systems are shared with maintenance software and facilities management systems. Asset tracking software, on the other hand, frequently includes barcoding or radio-frequency identification (RFID) tags to swiftly obtain machine data.
This post will go through the basic features of an asset tracking system, as well as things to think about before buying one. We’ll talk about:
- What Is Asset Tracking Software?
- Common Functionality of Asset Tracking Systems
- What Type of Buyer Are You?
What Is Asset Tracking Software?
Keeping track of machinery, tools, and other assets is essential for a company’s operations to run smoothly. After all, machine downtime and asset failure may wreak havoc on a company’s financial line.
Users can use an asset tracking system to follow the whereabouts of objects that have been physically marked digitally. It also keeps track of assets and inventories and may send management alerts when replacement parts are running low- App Design Software
Tracking these assets using the software can help:
Using software to track these assets can help:
- Ensure scheduled maintenance is completed on time
- Set up alerts and notifications so that the appropriate personnel are automatically assigned to tasks when new work orders are created
- Track the life cycle of assets. Information about equipment condition, age and more is entered and stored in the system
- Run reports and calculate depreciation of machinery
Common Functionality of Asset Tracking Systems
The majority of asset tracking systems have one or more of the following features:
- Management of work orders
The major reason maintenance workers need to track assets across an organisation is to verify that assets are in good working order and executing the tasks they’ve been allocated. As a result, many asset tracking systems offer work order management capabilities, allowing users to generate, evaluate, and allocate work orders to specialists.
- RFID tagging or barcoding
Barcoding, QR coding, and RFID tagging are all essential features in asset tracking software. By printing labels and connecting them to machines, users may construct a barcode or QR code system. When technicians arrive to the asset to do maintenance, they may use a hand-held reader or a competent smartphone to scan the barcode to receive vital information about the unit. This can reduce time going from the working site to the office computer while also improving the accuracy of the data personnel utilise to accomplish their responsibilities.
- Depreciation
Asset monitoring software may also help businesses figure out how much each piece of equipment is worth. Users just enter information about an asset, including the date of purchase, acquisition value, and expected service life, and then select from a variety of depreciation techniques (straight-line, MACRS, double-declining balance, and so on) to have values generated automatically.
- Equipment rental
Employees outside of the maintenance department can check out assets at some firms. These rents should be documented so that if equipment is lost or damaged, it can be retrieved; alternatively, if a repair is needed, a technician can identify where the asset is and who is in control of it. Users may check equipment in and out using asset tracking software, which allows them to attach an employee to a piece of equipment, document check-out and check-in dates, and even store a signature for the renter.
- Apps for mobile devices
The ability to utilise smartphones and tablets in the field boosts maintenance department efficiency by providing personnel with access to asset data no matter where they are. Asset tracking relies heavily on mobile capabilities. Users can download native mobile applications and scan barcodes or QR codes to get information about a piece of equipment right away. Barcoding can also be used to update inventory amounts in real time if the system has inventory management capabilities: Scanning a code and changing the values for certain spare components as they are spent is all it takes.
What Type of Buyer Are You?
Certain asset tracking features, such as barcoding, might be very beneficial in certain sectors. These methods are particularly beneficial to the following sorts of buyers:
Manufacturing, healthcare, and other asset-intensive industries’ executives. Companies with a lot of machinery and equipment need a dependable way to keep track of planned maintenance. In order to create goods, manufacturers must maintain crucial machinery running. For the safety of personnel and patients, hospital maintenance managers must guarantee that equipment remains operational.
Using a barcoding system to get status data and job status, saves time that might be spent on maintaining the most vital machines.
Managers of facilities. Building maintenance professionals must also keep track of equipment within the buildings, such as HVAC systems and lights, to guarantee that residents can work. Asset tracking software can notify workers when assets need to be repaired, allowing them to respond swiftly.
Managers of fleet maintenance. Tracking and maintaining rolling assets may be particularly difficult. Businesses that rely on a fleet of vehicles must be able to pinpoint the exact location of each truck, bus, or van so that maintenance can be planned properly. Managers may plan maintenance depending on the location of vehicles using an asset tracking system. This helps them to get the maximum mileage out of their automobiles while saving money.
FAQ”s
- Which industries use RFID tracking?
RFID applications manage work orders as they move from receipt through manufacturing, shipping, and ultimate completion on a small scale. RFID tags are used by manufacturers, regardless of their business. When tagged assets can be easily accessed on a real-time map of your facilities, audits become regular rather than alarming. For inventory reviews, both consumer manufacturers and suppliers of government components keep track of work orders, tools, and assets.
RFID technology is used by healthcare and pharmaceutical firms to track where samples and tests are at all times, who checked out certain prescriptions, and where crucial equipment is maintained for distribution to patients.
RFID technology is used in the building, construction, and landscaping industries to quickly scan warehouses, yards, and vehicles to track things moving through the supply chain. They trace when and how an item left the yard using a computer, laptop, mobile phone, and tablet.
The gallery, museum, jewellery, and even the fashion sector are examples of non-technical applications. To avoid illegal movement and theft, the most valuable assets—fine jewels, pieces of art, one-of-a-kind fashions—are tagged and tracked.
RFID tags are unrestricted whether they are used indoors or outside. Keep track of hazardous chemical expiry dates and new autos on the lot or out for a test drive. Locate tools, equipment, and vehicles throughout a large area, as well as the whereabouts of transported containers that are ready for Homeland Security inspection.
RFID tags may be worn by individuals, allowing you to readily find key workers in your warehouse, shop floor, or hospital complex. Ascertain that only authorised personnel have access to restricted locations.
- How does asset tracking save money?
An asset is something that has worth for you and your company. Effective asset management is the key to saving time and money in your company’s day-to-day operations.
Choose the most appropriate asset tracking system for your needs to avoid the following headaches:
Equipment, tools, items, and parts that have gone missing.
Work orders, shipment orders, and invoices are all located.
The location of materials for leaving and arriving shipments is being tracked.
Overseeing inefficiencies in warehouse efficiency for work in progress, among other things.
Employees no longer waste time looking for lost equipment thanks to a bespoke asset tracking system tailored to your specific business needs. Because you’re alerted when an item is moved to another room, warehouse, building, field, or lot, inventory losses become a thing of the past. Your bird’s-eye perspective of warehouse operations ensures that manufacturing runs smoothly.
With our cutting-edge asset management solutions, you have complete control over your company processes. At ID Integration, Inc., we provide the tools to track your assets so that you can keep an eye on them at all times.
- Are traditional RFID technologies still viable?
Traditional RFID technologies, such as passive RFID, continue to be important for asset tracking. RFID tags with a large memory capacity are frequently used to tag assets in certain businesses in order to comply with government regulations such as the ATA, the DoD, and the FDA. Unique serial numbers, production dates, maintenance records, and other critical information for the right nomenclature necessary for compliance can all be stored on these tags.
With DoD IUID, ATA Spec 2000, and FDA UDI registration, barcodes are the industry standard. Our portable 2D data matrix scanners and fixed-station 2D matrix verification equipment guarantee that legible codes are available for registration.
Following rigorous government restrictions might be difficult. We’ve made it our job at ID Integration to decipher these requirements and give you with the solutions you need to mark and tag, scan and verify, and register products. Our systems work to keep track of marked and tagged parts during the manufacturing process, as well as to prepare them for registering.
Our asset management system is customised by our skilled consultants to meet your parts that need to be tagged and labelled for your industry. With the least amount of effort on your side, we ensure that information fulfils current government criteria. The expense of tracking and reporting incorrect data far surpasses the expenditure.
- Can I combine systems without running the issue of receiving dissimilar data?
Starting with one barcode asset tracking system for scanning individual parts for registration, then adding an active RFID tag system to monitor the movement of parts in on your warehouse floor, and finally adding passive RFID tags to track the complete lifecycle of individual parts, it may appear as if you’re trying to fit square pegs into round holes.
FAQ
What is Asset Tracking Software?
Asset Tracking Software is a system that helps businesses keep track of their assets such as equipment, tools, and other physical assets. It uses different technologies like RFID, barcodes, GPS, or BLE beacons to track the location and status of assets.
What are the benefits of using Asset Tracking Software?
Asset Tracking Software offers several benefits like reduced costs, improved asset utilization, increased efficiency, accurate asset information, better asset maintenance, and increased security. It can help businesses to track their assets in real-time, reduce asset loss or theft, optimize asset usage, and plan better asset maintenance.
How does Asset Tracking Software work?
Asset Tracking Software works by attaching a unique identification number to each asset, which can be read by a scanner or other tracking device. This ID is linked to the asset’s information in the software database, which includes details like the asset’s location, condition, maintenance history, and other relevant data. This information is updated in real-time or periodically, depending on the tracking technology used.
What features should I look for in Asset Tracking Software?
When choosing Asset Tracking Software, you should look for features like real-time tracking, customizable asset information fields, automated notifications and alerts, reporting and analytics, mobile app support, and integration with other business systems like ERP or CMMS.
How can Asset Tracking Software benefit my business?
Asset Tracking Software can benefit your business by providing accurate asset data, optimizing asset utilization, reducing asset loss or theft, improving maintenance efficiency, increasing productivity, and enhancing overall business performance. It can help you to make informed decisions regarding asset usage, maintenance, and replacement, which can lead to cost savings and better ROI.
