The 7 Most Common Asset Tracking Methods

Updated: Feb 22

#Asset #tracking simply means the process of tracking and managing your assets, so also known as asset management. The intention behind using asset tracking is to avoid asset loss, boost productivity, and improve efficient workflow.

But the question is how can you find the right-fit asset tracking method for your business.

Using #Pen and #Paper

People relied on pen and paper methods before technology took its way. This was the first and most basic approach implemented for asset tracking. Many businesses and organisations still depend on it. But the problem arising out of this method is that it decreases productivity, wastes time and manual labour by searching for asset data.

Spreadsheet Method

Comparatively, the #spreadsheet method is more advantageous than the pen and paper method. Employees could track asset information at any time from spreadsheets, as they can place information of each asset in it.

But thinking of its disadvantages, make it less useful. If all employees in a firm add the information of the same asset in the spreadsheets, then there is a risk of popping up incorrect data. This can result in a totally inefficient asset tracking environment.

Barcode (QR Code)

Barcodes represent data by varying the widths and spacings of parallel black and white lines. This was the first asset tracking method that arrived with technology, which was both effective and dependable. Now it's very common on all the products.

The use of a #barcode avoids the issues associated with spreadsheets. It's quite easy to use and can readily update data. It also provides a large amount of data, which was previously unrealistic.

The issue with barcodes is that they must be aligned in a straight line in order to be scanned or read, and if the barcode has been changed with, the scanner will not read it.

#QRcodes are also widely known nowadays! it's basically a more developed form of the barcode.

Radio Frequency Identification (RFID)

#RFID technology is pretty close to barcode technology.In comparison to a barcode scanner, RFID operates faster, using radio waves to track the information.

The data from a tag is acquired using an RFID reader device and sent to a database. RFID has a waterproof layer for security, making it more secure.

Near Field Communication (NFC)

#NFC is almost the same as that of RFID. The only difference is that here, you don't need any scanning machine, insead you just need a smartphone for asset tracking. But as the distance increases, the range goes down, making it difficult to track. Using NFC, you

Bluetooth Low Energy (BLE)

#Bluetooth low energy can be used for asset tracking through bluetooth enabled smartphones. Smartphones and bluetooth getaways can capture the signals produced by moving trackers. The accurate location of assets can be tracked with #BLEbeacons

Global Positioning System (GPS)

Global Positioning System helps to track and monitor your assets worldwide which results in efficient function of your assets. You get to know everything about your assets. The problem related to #GPS tracking is that it needs some energy.

Discussing all these methods for #assettracking, might have raised a question in your mind, What's the necessity of it? Well, the asset tracking software not only allows you track, monitor and save your assets but also #transforms your business and increases #business profitability.


#asset #assettracking #business #transform #GPS #RFID #BLE #BLEBeacons #Pen #papper #Barcode #QRCode #NFC #spreadsheet #tracking #Assettracking

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