Are you struggling to manage your equipment? Tools and instruments cost money. No business can afford to lose track of equipment. Asset tracking software solves this problem. Companies can pinpoint the location of each piece of equipment.

Without tracking systems, your expenses could cut into your profits. Tracmor explains the types of equipment its software can manage. The company also shares how your business can get started with asset tracking solutions.

How is Asset Tracking Different from Inventory Management?

Asset tracking works on the same principle as inventory management. Inventory includes items that your business sells to make a profit. Companies own assets that make or sell merchandise and perform support functions.

Assets Requiring Attention

Every business has thousands of valuable items that require tracking. From machinery to office equipment, Tracmor’s software can handle it all.

Here are a few examples of assets that need management:

IT Hardware

Computers, monitors, servers, keyboards, mice, and printers fall under this category. Companies assign most of these items to individuals, making it easy to manage them.

Office Furniture and Supplies

You can track everything from tables to staplers. Employees may misuse or take home some of these items, raising expenses. Even boxes of pens and paper need attention.

Machinery

Manufacturers and wholesalers may have this equipment to track. Tracmor’s software can classify it by age and condition.

Tools

Hand tools may be lost or stolen, requiring replacement. They may also wear out.

Vehicles

Company vehicles are expensive and need careful management. Employees should be responsible for their vehicles, from company cars to forklifts. Knowing the movements of these assets is key to preserving their value.

How Asset Tracking Software Works

Like a library, employees “check out” equipment like computers and office chairs. Tracmor’s software assigns a location and tag number to each asset. Each piece of equipment gets a QR code or barcode. Like a library, employees “check out” equipment like computers and office chairs.

The system classifies each type of equipment, creating easy-to-use reports and enabling administrators to look up information quickly.

Getting Started With Asset Tracking Systems

Asset tracking is easy to set up. The first step is taking an inventory of every item on the premises, from office furniture to computers. Asset management specialists can help decide which pieces to track.

Next, use the barcode system to apply tracking numbers to each item. Scanning the barcodes provides an electronic record of your possessions. The software also records the location and who is responsible.

Tracmor’s software allows employees to check out items similar to a library. Due dates in the system trigger email notifications.

The software records and sends automated emails when your company ships items and when they are processed.

Advantages of Asset Tracking

Tracking software speeds up administrative tasks. Employees do not have to waste time looking for equipment.

Tracmor’s software reduces preventable losses. The software makes equipment audits easy. It runs reports that call attention to problems.

The software gives businesses a huge advantage in tracking shipments, especially in affiliated locations that use the same software.

Using Asset Tracking Software

To reduce your expenses and preserve your profits, start tracking your assets. Tracmor can help your company create an asset tracking solution for tangible property. Their products help thousands of businesses manage their equipment each year.

Without tracking valuable property, your business may experience losses. Knowing who is responsible for each item will help you recover your investment. Contact Tracmor today for a solution to your asset management problems.