Asset Management System
An Asset Management System is integrated solution of hardware and software used to monitor the location, status, and maintenance of physical or digital items in real-time. Unlike inventory management, which focuses on quantities of consumables, asset tracking manages individual, high-value items throughout organization’s entire lifecycle.
An asset tracking system uses technologies like Barcodes, RFID, GPS etc. to monitor physical assets throughout lifecycle, providing real-time location, usage, and condition data via central software to reduce loss, improve efficiency, and automate management. The core components are tags (barcodes, RFID, GPS) readers/scanners, and software that stores data (location, history, maintenance) and generates insights.
Tagging: Unique identifiers attached to each asset, like Barcodes, QR Codes, RFID tags, GPS trackers.
Data Capture: Scanner scan Barcode as assets move or are located, capture data from barcode, collecting data like location and time.
Data Transmission: Captured data is sent to the asset tracking software.
Software Platform: A central database (cloud) that receives, stores, and displays asset data, offering reports, analytics, and alerts. The software provides a dashboard for real-time tracking, history, and status updates, accessible on web or mobile.
An asset tracking system uses technologies like Barcodes, RFID, GPS etc. to monitor physical assets throughout lifecycle, providing real-time location, usage, and condition data via central software to reduce loss, improve efficiency, and automate management. The core components are tags (barcodes, RFID, GPS) readers/scanners, and software that stores data (location, history, maintenance) and generates insights.
Tagging: Unique identifiers attached to each asset, like Barcodes, QR Codes, RFID tags, GPS trackers.
Data Capture: Scanner scan Barcode as assets move or are located, capture data from barcode, collecting data like location and time.
Data Transmission: Captured data is sent to the asset tracking software.
Software Platform: A central database (cloud) that receives, stores, and displays asset data, offering reports, analytics, and alerts. The software provides a dashboard for real-time tracking, history, and status updates, accessible on web or mobile.