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What is Asset Tracking?
Asset tracking is the systematic approach of monitoring and managing your business’s physical assets. This could be tools, equipment, machinery or any assets. Asset management systems collect and maintain detailed information about each asset.
Asset tracking technologies come in all different shapes and sizes: barcodes, RFID (Radio Frequency Identification) and GPS. We have a more detailed page on this question, so read our Asset Tracking Ultimate Guide to find out more. Alternatively, you can tap the button below a some Asset Tracking quotes for your business.
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How does asset tracking work?
Assets are tagged with barcodes, RFID chips, or other tracking hardware. These are scanned and tracked using dedicated software that can be read on multiple devices–including mobile phones–providing real-time location, usage, and status updates to improve control and efficiency.Â
What is the difference between inventory and asset tracking?
Inventory tracking manages items for sale or consumption, while asset tracking monitors reusable business tools and equipment. Assets are long-term resources; inventory is typically sold, used, or replaced regularly.
