DEV Community

Cover image for The cost of doing business in today's world is not the tax paid to government.
cheeru venkatesh
cheeru venkatesh

Posted on

The cost of doing business in today's world is not the tax paid to government.

Rather, it's the wasted time looking for a misplaced calibration instrument by your warehouse manager. It's the dedicated medical equipment stored in the basement of a hospital while a nurse hunts for the device on two levels higher. It's the fleet vehicle that misses a mandatory inspection because someone failed to update a spreadsheet.
You don't know what you own? Pay multiple times for the same mistake.
Fortunately, this problem is solved by AssetTrackPro. The technology converts your workflow from guessing into action and guarantees complete control over any asset. We will review modern tracking technology fundamentals, learn about AssetTrackPro solutions to industry-specific problems, and uncover numbers behind enterprise implementation of the system.

  1. Three Technical Cornerstones of Modern Asset Tracking Most businesses consider asset management using just one technology approach that should be equally effective everywhere. However, successful enterprise solution requires the use of mixed methodologies, which depend on the value, type, and mobility of the assets managed. AssetTrackPro technology design divides the tracking into three approaches. Identification-Based Tracking: The Operational Base This is the fundamental level of inventory management, which employs physical identification means such as barcodes, QR codes, and radio frequency identification tags (RFIDs). 🔹What is does: The system creates the digital replica of each physical object in the cloud storage. Every time a QR code is scanned using a smartphone or an RF-ID tag is brought close to a receiver, the system makes a note of that. 🔹Where is better to apply it: Logistics facilities, manufacturing tool cribs, and retail stores' stockrooms. 🔹Value for the business: It completely removes any mistakes from data entry processes. Instead of entering a 12-digit serial number in Excel, the automated scanning changes the status of the asset in seconds.

🔹The business value: The ability to set up geofencing means establishing an invisible perimeter. If the machine exits the predetermined job site, there would be a quick indication that an attempt is being made at its theft or misuse, allowing the team members to prevent it in order not to affect deadlines.


2.Sensor-Based Tracking: Telemetry Beyond Location
Where your assets are may be the first step, but knowing their state is the key to preventing the loss of money. It's all about integrating telemetry sensors into your system.
What happens: Smart sensors detect changes in such parameters as air temperature, relative humidity, shock/vibration levels, and exposure to light.
Best use case: Cold chain logistics for drugs, food transportation, high-sensitivity goods transport, and machinery maintenance.
The business value: Suppose a cargo container full of biological material becomes exposed to the environment due to cooling failure on the tarmac. In that case, you can take immediate action, turning a catastrophe into nothing more than another task on your list.

  1. Deep Industry Drills: Practical Implementation It is all about real-world application. The following table shows how each of the above-mentioned industry pillars is used by different industries to tackle their operational weaknesses. +------------------+------------------------------------+------------------------------------+ | Industry | Weaknesses/Challenges | Strategy | +------------------+------------------------------------+------------------------------------+ | Manufacturing | Tool accumulation and machine | RFID tool crib management and IoT | | | idling | vibration sensors | +------------------+------------------------------------+------------------------------------+ | Cold Chain & | Spikes in temperature damaging the | Climate telemetry using | | Healthcare | cargo | IoT with automatic compliance logs| +------------------+------------------------------------+------------------------------------+ | Logistics and | Blind spots and yard congestion | Hybrid tracking technology | | Supply chain | | combining both BLE and GPS | +------------------+------------------------------------


For more information about this
🔗 https://assettrackpro.com/

Top comments (0)