Mobile Asset Tracking Technology; What Businesses Need To Know About IT

Keeping track of all your assets is one of the most challenging tasks that come with owning a business. This is especially true when you have a high volume of inventory across numerous locations. 

However, with the use of powerful tracking technology, you will have an easier time staying on top of all your assets wherever you are, and regardless of their number and location.


Understanding a Mobile Asset Tracking System

A mobile asset tracking system uses software and mobile technology to get real-time updates on the location, condition and physical custody of assets.
Mobile asset tracking technology utilizes GPS devices, RFID tags, barcodes, and scanners to tag and keep records of business assets. You can do this by accessing the software’s back-end system. If you are also mobile, you can use a smartphone, tablet and other device, and by accessing the app or the cloud, you can keep tabs on your asset and update asset registers.

Benefits Offered By Mobile Asset Tracking Technology

Using mobile asset tracking technology offers several benefits to businesses. These include:
  • Ease of access and use
Without a doubt, you have spent thousands of dollars to invest in your assets. As such, you have the right to monitor and control their use or movement even if you are not in the office.
Mobile asset tracking will allow you to get details about the location, condition and custody of your important assets in real time. This is due to the attached GPS device or RFID tags. This is a system that businesses in the warehousing, utilities, logistics and distribution industry will certainly find handy.
  • Boosts employee productivity
This type of technology can considerably maximize the productivity of your employees since routing and scheduling jobs can be done more effectively. This is because different key elements such as distance, traffic and driver location can be factored in.
It is also helpful in scheduling pickups in conjunction with deliveries. Due to real-time driver visibility, shipments can be delivered on time since routes can be optimized, you constantly communicate with drivers in real time, and you can keep track of any last-minute changes.
  • Low initial outlay
Mobile asset tracking technology can be one of the most useful yet affordable assets your business can have. This is because there are many asset tracking systems out on the market today and many companies offer customized solutions. 
As such, you won’t have a hard time finding the best one for your company that fits your budget. In addition, you won’t have to invest on expensive system installations and new hardware, and employ an IT team to manage and monitor your new system.
  • Little to no maintenance
Mobile technology is user-friendly and fully functional. It is also easy to use and maintain even when you are managing numerous projects. Since mobile technology is interconnected as well, you can create an interactive brand experience and develop constructive associations while managing operations at the most affordable cost and in a shorter timeframe.
  • Secure system
Even if you use the Internet or the cloud for storing and monitoring data, all sensitive business data are still protected by first-rate security all the time. This is because the software you choose comes with only the best kind of protection and security features.
  • Provides quick updates
A mobile inventory management program that is updated in real time creates a satisfying and productive work environment. With the right software, workers can enjoy timely upgrades to track the asset life cycle at scheduled intervals. Business owners should know that the right mobile asset management solution can make it easy for the admin or management staff and other employees to update data and access the latest details. These, in turn, can improve asset utilization and drive savings.
  • Eliminates the need for paperwork
If your company has been primarily paper-based, you can reduce paper use and waste when you implement a mobile delivery solution. This will lead to the automation of collecting and processing documentation, which will effectively replace paper-based delivery lists and reports.
Investing in the right mobile asset tracking system is a great start if you are looking to streamline your asset tracking process. As long as you choose the most suitable software for your business, you will get the most out of your investment and your organization can rely on this technology for a long time.
Author Bio: Oliver Threlfall is the CEO of TechLoc, a provider of innovative assets and workforce management technology for businesses. TechLoc asset tracking and business systems now has three international offices in the US, Canada and Australia and continues to roll out all over the globe. A Biology major at Deakin University and a born entrepreneur, Oliver also founded Steamatic Australia, a leading cleaning and restoration firm servicing Australian businesses and families

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