Barcode Rfid Based Asset Tracking Software By Barscan Technologies

Asset tracking refers to tracking the movement of physical assets. Either by scanning bar code labels attached to the assets or by using RFID asset tracking technology. An asset tracking system can record the location and usage of the assets and generate various reports.
Benefits of asset tracking
With asset tracking from System ID, you can kiss audit headaches goodbye and say hello to streamlined processes that:
1.Save time by quickly completing audits
2.Minimize loss with accurate reporting
3.Improve productivity by easily collecting and retrieving detailed data
4.Increase profits by eliminating unnecessary purchases and repairs
How does asset tracking work?
Before selecting a system, it's important to understand the difference between assets and inventory.
Inventory is items that companies distribute, consume, or sell externally. They are considered temporary goods and include such items as merchandise, office supplies, and raw materials.
Assets are permanent items that organizations use internally. These items may depreciate over time or be allocated to employees, who may also check items in and out. Examples include computer equipment, office furniture, and vehicles. Each must be uniquely tracked.
There are different data capture solutions for managing assets and inventory. Make sure you know the difference to ensure you select a system with the features you need. For example, in addition to locating and managing items, asset tracking systems can:
1.Alert you when a checked-out item is past the due date
2.Keep up with warranty information and service contracts
3.Prompt you to schedule maintenance
4.Calculate equipment depreciation
5.Import and export data