What is asset tracking?

Asset tracking is the process of monitoring and keeping track of the exact location, status, position and other relevant information of your company’s assets. Assets can be defined depending on your business, which can be anything from equipment and tools to IT devices and vehicles.

Asset management is another commonly used term for asset tracking.

Who can use asset tracking?

Who can use asset tracking?

A wide range of industries can benefit from asset tracking. Construction can keep track of equipment and heavy machinery across sites. Transport and profes­sional services companies can keep track of trailers alongside trucks, and manage how they are utilised.

Healthcare providers can keep track of medical equipment, and educational insti­tu­tions can use it for laboratory equipment to ensure it stays on campus.

Why is asset tracking important?

Why is asset tracking important?

If you have complete visibility over your assets, you can achieve two goals: save time and money. You can gain valuable insights into how assets are used (who, when, where, how) as well as about maintenance schedules, need for new equipment and theft prevention.

All this invaluable data can be used to analyse your operation and support decision making, therefore, improving efficiency by maximising asset utilisation rates.

How does asset tracking work?

How does asset tracking work?

There is a range of methods to track assets either digitally or manually. Some companies prefer pen and paper while others prefer to use Excel. But the most effective and efficient way to monitor and track the utilisation of your company assets is with asset tracking software.

Some asset tracking solutions offer mobile applic­a­tions and scannable asset tags. Mobile allows you to easily track assets on the go. The tags help you identify assets and bridge the physical items with their information in the database. There are many options for tags including barcodes, QR codes and RFID tags. RFID tags allow fleet managers to identify drivers and which vehicles they use.

What is asset tracking software?

What is asset tracking software?

Asset tracking software uses GPS to determine the position of assets. It connects the location of your assets with software the collects asset data.

Some features include geofencing, which uses GPS to define geographical boundaries. This is an important feature that can protect your assets from theft and unauthorised usage. Further, track and trace features can determine not only the current location of an asset but also historical locations of assets, which is useful for asset management and improving the utilisation of assets.

Webfleet and asset tracking

Webfleet and asset tracking

Webfleet Asset Tracking gives fleet managers total visibility over trailers and powered assets on a straight­forward interface. Maintain your assets’ security, value and effect­iveness with accurate GPS positioning, utilisation reporting, maintenance notific­a­tions and much more.

Learn more about how Webfleet Asset Tracking can save you time and money.

All you need to know about asset tracking

What is asset tracking?

Asset tracking is the process of monitoring and keeping track of the exact location, status, position and other relevant information of your company's assets. Assets can be defined depending on your business, which can be anything from equipment and tools to IT devices and vehicles. Asset management is another commonly used term for asset tracking. A telematics solution digitises the process with functions like GPS positioning and utilisation reporting, enabling you to maintain visibility over your valuable assets.

What assets should be tracked?

Your organ­isation's assets may include a variety of tools, equipment, vehicles and IT systems. Assets of high value should be monitored and tracked, as damage or theft of them can be costly and disruptive to your business. With telematics, you can keep your assets in good working order with maintenance notific­a­tions. You can also prevent theft via geofencing alerts.

Healthcare providers can keep track of medical equipment, and educational insti­tu­tions can use it for laboratory equipment to ensure it stays on campus.

Who can use asset tracking?

A wide range of industries can benefit from asset tracking. Construction can keep track of equipment and heavy machinery across sites. Transport and profes­sional services companies can keep track of trailers alongside trucks, and manage how they are utilised.

Healthcare providers can keep track of medical equipment, and educational insti­tu­tions can use it for laboratory equipment to ensure it stays on campus.

Why is asset tracking important?

If you have complete visibility over your assets, you can achieve two goals: save time and money. You can gain valuable insights into how assets are used (who, when, where, how) as well as about maintenance schedules, need for new equipment and theft prevention. All this invaluable data can be used to analyse your operation and support decision making, therefore, improving efficiency by maximising asset utilisation rates.

Some asset tracking solutions offer mobile applic­a­tions and scannable asset tags. Mobile allows you to easily track assets on the go. The tags help you identify assets and bridge the physical items with their information in the database. There are many options for tags including barcodes, QR codes and RFID tags. RFID tags allow fleet managers to identify drivers and which vehicles they use.

How does asset tracking work?

There is a range of methods to track assets either digitally or manually. Some companies prefer pen and paper while others prefer to use Excel. But the most effective and efficient way to monitor and track the utilisation of your company assets is with asset tracking software. Some asset tracking solutions offer mobile applic­a­tions and scannable asset tags. Mobile allows you to easily track assets on the go. The tags help you identify assets and bridge the physical items with their information in the database. There are many options for tags including barcodes, QR codes and RFID tags. RFID tags allow fleet managers to identify drivers and which vehicles they use.

Some features include geofencing, which uses GPS to define geographical boundaries. This is an important feature that can protect your assets from theft and unauthorised usage. Further, track and trace features can determine not only the current location of an asset but also historical locations of assets, which is useful for asset management and improving the utilisation of assets.

What is asset tracking software?

Asset tracking software uses GPS to determine the position of assets. It connects the location of your assets with software that collects asset data. Some features include geofencing, which uses GPS to define geographical boundaries. This is an important feature that can protect your assets from theft and unauthorised usage. Further, track and trace features can determine not only the current location of an asset but also historical locations of assets, which is useful for asset management and improving the utilisation of assets.