If you own a business, it’s more important than ever to keep tabs on your company’s assets. From office equipment to vehicles and machinery, business inventory is worth a lot of money, and if it’s not properly accounted for, it could end up missing—or stolen. In recent years, the tracking software industry has grown, offering new ways for businesses to do just that.
Knowing More About Tracking Software
Tracking software for your company’s assets—that includes everything from cash to computers to cars—can be a big help in making sure your assets don’t end up missing or report as stolen. But how can you choose the best tracking software for your company? Some of the factors that go into making that decision include the number and type of assets you need to track, the experience of your employees, and what kind of monitoring you want to do.
Choose the One That You Can Trust
There are many different kinds of tracking software that can be used for different purposes. Industries have different needs for different tracking software depending on the nature of their business. Choosing the best tracking software can be a daunting task. There are a number of aspects to consider when making your decision:
- How many assets are you tracking?
The decision to purchase asset tracking software or a handheld device should be based on the number of assets you are tracking. Businesses with fewer assets can get by with a handheld device or a GPS system. Managers can use the device to track vehicles, employees, and inventory locations, and they can review historical data to track the routes their vehicles have traveled. If your business uses handheld devices to track vehicles, you will need to purchase each device and install tracking software on them.
- What types of assets are being tracked?
The types of assets businesses need to track vary widely, from office supplies to sophisticated industrial equipment. The best kind of tracking software will provide tools that fit the needs of your business. If you’re tracking your assets in one location, you need a very different kind of tracking software than if your assets are spread over several different locations.
- What types of data are you looking to get out of your software?
This will enable you to pinpoint where your business is excelling and where it is struggling in the marketplace.
If you are looking for real-time data and want to be made aware of the whereabouts of your company assets at all times, then you may want to consider using GPS Tracking Software. This software will allow you to see your company assets’ location and the speed that they are moving at. Another type of software that you can look at using is RFID Tracking Software. This type of software will allow you to track company assets that your employees use as they move around the workplace.
- How long do you have to implement the software?
Basically, how much time and effort do you have to spend getting the software up and running? Obviously, the quicker you can get it up and running, the better, but sometimes you have to make the trade-off of taking more time to implement it the first time but not having to worry about it in the future.
The key to avoiding this pitfall is to make sure your company asset tracking software is web-based. That way, you can get it up and running quickly, but it will also be much easier to use and to update and change over time.
- How much are you willing to spend on the software and implementation?
Whether you’re looking for a simple asset management software system or something more comprehensive, you’ll want to make sure you’re getting the right software at the right price. It’s important to factor in the cost of implementing the software as well as your long-term software costs. For example, if you’re going to implement an electronic system, you’ll need to purchase laptops, tablets, and smartphones that will be compatible. You may also want to hire an outside company to implement the software, which may cost thousands of dollars.
Keeping track of your company’s assets is important, not only to protect them from theft but to better serve your customers. When you’re responsible for an inventory of expensive machinery or tools, you want to know where it is at all times. This is where asset tracking comes to the rescue. When you use asset tracking software, you put all your assets on a map and set up routing alerts—so when an asset moves out of its area, you know.