What is Asset Tracking Software?
Asset tracking software is a tool used to monitor, manage, and report on the location, condition, and usage of assets. It helps organizations keep a close eye on a wide range of assets, including physical (e.g., vehicles, equipment, inventory) and digital (e.g., software licenses, intellectual property).
Benefits
Asset tracking software is beneficial for any business needing to monitor its physical and digital assets. For instance, the program gives them real-time visibility into the location and condition of their assets. This capability allows them to manage their assets better, which can help them cut costs while increasing efficiency. Moreover, with readily-available data, businesses can make informed decisions and improve their bottom line.
Uses
Companies of all sizes can use asset tracking software to keep track of their valuable assets. It’s useful for managing large inventories, tracing vehicle locations, and monitoring resource use and allocation. Some examples of businesses that can benefit from this software include:
Warehouses
Retail stores
Manufacturing facilities
Delivery service providers
Taxi companies
Rental businesses
Government agencies
Non-profit organizations
Key Features
Organizations can maximize their asset tracking system when their software of choice has the following essential features:
Asset logs (e.g., equipment, tool, vehicle)
Asset labels and categories
Barcode and/or QR code tagging
Geolocation tracking
Maintenance and usage history
Performance reports and analytics
Choosing the Right Asset Tracking Software
An essential part of efficiently tracking your assets is the application or software you will go for. These programs come with a suite of tools at different price points for your needs. To help you decide which works best for you, here’s a summary of our top picks for asset tracking software:
* billed annually