The Advantages That Come From Using Equipment

Tracking Software

The Advantages That Come From Using Equipment Tracking Software

A broad selection of equipment is necessary for many different types of work from construction to computer installation. Growing companies sometimes encounter problems keeping track of the equipment. Equipment loss can affect profits and stop workers from completing jobs.

The Advantages That Come From Using Equipment Tracking Software

Equipment tracking software provides a way for a business to keep a log of all activities associated with the assets of the company. Equipment could be tracked manually, through barcodes or with radio frequency identification (RFID) tags. Equipment tracking software provides companies with several benefits.

Effective Lifecycle Management

One of the main benefits of equipment tracking software is better lifecycle management for assets. The software allows a business to track usage and to set dates for maintenance or replacement of equipment. This is unlike manual tracking where personal opinions or luck determines whether a particular piece of equipment receives service.

Effective Lifecycle Management

Equipment that requires service will be repaired promptly before it stops functioning. This will save a company money over time since there will be fewer equipment problems, lower long-term maintenance costs and longer operational lifetimes for critical pieces of equipment.

Accurate Reporting

The center of all equipment tracking software is a database of all the assets that belong to the company or to the clients the company serves. Businesses can enter as much data as necessary about the equipment in order to allow for detailed tracking. This makes it possible to generate accurate reports about the assets.

Accurate Reporting

These reports can be used to show general trends. They can highlight the differences between established business practices and the reality of what is occurring with the equipment. These reports could show that certain assets are unnecessary or need more attention. They could also show gaps in equipment inventories that make it difficult for workers to complete tasks during busy periods.

Real-Time Tracking

Equipment tracking software acts as a central real-time repository for all information about the assets of a business. Workers who take equipment for a job are listed in the system as soon as the item is logged or signed out. This makes it possible to see exactly what resources are available if workers need extra equipment later.

Real-Time Tracking

RFID equipment tracking even provides a way for a business to determine the closest person with the required piece of gear for a job. This will increase efficiency every day and reduce operating costs. It also provides a way for businesses with large workforces to respond effectively to emergencies dealing with equipment.

Reduce Loss

Businesses that rely on a large amount of equipment always have to deal with the issue of unexpected loss. Loss occurs when an asset that is expected to be available to workers is suddenly nowhere to be found. Loss could occur because a piece of equipment was left at a job site or was misplaced by an employee. It could also occur if an employee takes an item home and forgets to return the asset.

Reduce Loss

Equipment tracking software will help to prevent loss by providing a record of who last used or signed out each piece of equipment. A more complete system that includes RFID equipment tracking could even locate the exact position of the asset. This will save the business money each year since little to no equipment will be lost.

Further Reading…

• ToolHound Inc. is a developer of RFID tool & equipment tracking software. Visit http://www.toolhound.com today to learn more about how tracking software can save your business money.