Asset tracking systems are comprised of desktop software, a mobile application, barcode scanners, and barcode labels. These ingredients provide the means to locate physical objects, collect data on its usage and whereabouts, and report on all activity. The system enables businesses of any size to effectively track a collection of assets from when the items are purchased or received, until they are shipped or disposed.
Basically, using the hardware with the software helps you identify what you have, monitor the changes in physical location, and account for cost and changes in book value over time.
Because a software system is the logical leap forward from using spreadsheets or paper-based log sheets to manage assets. Asset tracking systems provide a comprehensive solution for companies that need help taking physical inventory, maintaining accountability, and controlling physical assets both on and off-site. It is very easy to lose track of the resources your business still relies on outdated forms of asset management, especially when dealing with hundreds of assets.
IT assets (i.e. IT equipment) are purchased and then deployed or implemented at work stations across multiple locations. Then business needs and personnel change, which scramble the IT setup. This common sequence of events is incredibly difficult to track because of the speed and unpredictability of which it occurs. Monitoring the costs, usage, product details, and locations of the assets accurately is a critical challenge. In order to stay ahead of this potential liability, asset control solutions such as Passport help streamline tracking efforts and reduce associated expenses.
Laptops, smartphones, tablets
Hardware & machinery
Fixtures and installations
Legal documents and contracts
Licenses and forms
Duration at site locations