Asset Tracking is the process of monitoring and managing physical items, such as equipment, inventory, or vehicles, throughout their lifecycle. This involves using various technologies, like RFID tags, barcodes, or GPS, to identify and locate assets in real-time. By keeping track of these items, organizations can improve efficiency, reduce losses, and ensure that resources are utilized effectively.
Implementing Asset Tracking systems helps businesses maintain accurate records of their assets, streamline operations, and enhance decision-making. With better visibility into asset status and location, companies can optimize maintenance schedules, prevent theft, and ultimately save time and money.