Introduction :
Knowing where your equipment, products or assets is, plays a pivotal role in profitability. But for the most part, most organizations still depend on antiquated methods such as manual logs, legacy spreadsheet systems or a tracking process that only informs you where your assets were last time – not where they currently are and what their status is.
Here at AssetTrackPro, there's a paradigm shift taking place. Companies are transitioning from traditional inventory management to Real-Time Asset Intelligence. Below is why this shift is occurring and how it's benefiting industries in North America.
- The Three Key Components of Modern Tracking
No longer does barcode technology hold sole reign of the modern tracking world. Nowadays, a modern tracking solution requires an ecosystem that combines the following three unique technologies:
Identification-based Tracking: Through use of RFID, NFC and QR codes, identification based tracking automates your inventory and production processes. This allows for quick scanning, rather than manual laborious scanning of barcodes by humans.
Location-based Tracking: GPS, BLE and LoRaWAN allow companies to track their assets through long distances in real-time – be it in their warehouse or in transit across the country.
Sensor-Based Tracking: This is the “brains” of the system. Using tracking of temperature, humidity, vibration, and motion, companies will be able to safeguard their sensitive shipments such as pharmaceuticals and protect perishable goods.
Reducing Risk Through Automation
According to experts, human mistakes are one of the biggest reasons why data inaccuracies happen in supply chains. The company’s AI-based platform has a data accuracy level of 99.5%, thus, decreasing “search time” employees spend trying to find specific tools or equipment.
Companies can use geofencing technology and get live alerts. Thus, if a valuable piece of equipment goes out of a certain territory without prior authorization, a prompt warning will alert users to take care of it quickly.Making Data Actionable
The real value of platforms like AssetTrackPro doesn’t lie in the location markers that appear on the screen; rather, it lies in the data analytics they generate. Once you know the history of your assets' motion and the surrounding environment, you can:
Pinpoint bottlenecks in your warehouse setup.
Predict machinery maintenance using vibrations.
Find ways to optimize routes for your fleet.Scalability: Accompanying Growth
Enterprises often face the problem of “outgrowing” their technologies. Our IoT system is flexible enough to support any network infrastructure. No matter if you begin your journey with a couple of Bluetooth devices on one site or establish an international satellite-based tracking system, the platform will accompany your growth.
Conclusion
The Verdict
When there is instability in supply chains, visibility is the best weapon. Transitioning from the current system to a unified tracking tool will not only help minimize losses but increase ROI and ensure the safety of workers, as well as provide peace of mind about the smooth operation of your processes.
Is it time to upgrade your business?
AssetTrackPro offers you the full suite of hardware and software for your needs
For more information
🔗Https://assettrackpro.com/
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