Companies tend to emphasize purchasing equipment but often lack sufficient emphasis on managing the tracking process efficiently. Tracking challenges arise as companies expand; it becomes increasingly difficult to track the precise location of the equipment and its usage status.
Lack of proper asset visibility may cause duplicate purchases, misplaced equipment, delays in projects, and increased operating expenses. Many firms have adopted technology solutions like GPS, RFID, and IoT sensors to solve these issues.
Knowledge of the capabilities and limitations of each technology option helps businesses select an appropriate solution for their needs. In my research on asset tracking techniques, I came across the following site with valuable information:
How do you currently manage your assets, and what difficulties have you experienced?
