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Asset Management

Using RFID for Inventory Management: Pros and Cons

In the ever-evolving world of inventory management, there’s a constant focus on improving efficiency. Companies of all sizes are regularly evaluating their current capabilities and finding ways to squeeze as much efficiency as possible out of their existing infrastructure while preparing to adopt new technologies that can take their performance to new levels. It is …

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4 Benefits of Inventory Management Systems

Purchasing the right inventory-tracking tools, like asset tags and bar code solutions, is the first step in the right direction for achieving a more comprehensive asset-tracking plan. But, these tools aside, the best thing an operation, whether it be in the retail, healthcare, utilities, manufacturing, education, or government spheres, can do is to devise and …

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50 Essential Equipment Tracking Tips You Need to Know

Now more than ever before, businesses have the power to track their equipment efficiently and, at times, with only small upfront investments. That said, there is currently a lot of competition on the market, which can make for difficult selections, particularly in terms of processes, software, and specialized tracking equipment. Luckily, the Internet is chock-full …

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What is Automatic Identification and Data Capture?

One of the most important technological advances that manufacturers, warehouses, and distribution centers have benefited from in recent years is automation identification and data capture, best known as AIDC. When implemented strategically, AIDC solves a multitude of problems from identity verification to tracking, and beyond. A Definition of Automatic Identification and Data Capture AIDC is …

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What is Plant Asset Management?

Plant asset management is a practice that is used by operations around the world, but many aren’t aware of the intricate ins-and-outs of the discipline and why it should be treated as an essential money-saving strategy in plants of all sizes. A Definition of Plant Asset Management Many corporations have asset management plans that include …

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6 Steps in Asset Tagging Process Flow

Any organization that utilizes asset tagging to manage physical assets needs a clearly defined, efficient process for tagging assets as they’re acquired and monitoring assets throughout their usable life. Below is an overview of the essential steps in the asset tagging process flow. Identify the asset type and category. Assign a unique identification number. Determine …

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6 Best Practices for Effective IT Asset Tracking

Companies spend millions every year keeping their staff equipped with the technical equipment needed to support their organizational roles. Part of those costs involves replacing worn or outdated technology. Some come about due to businesses not doing proper IT asset tracking. Losing track of IT equipment means your organization could end up spending money on …

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5 Best Practices for Utility Company Asset Tracking and Management

Proper asset management allows utility companies to effectively service the nation’s energy and power needs. Any breakdown in this process brings the potential for catastrophic failures in the nation’s infrastructure. We’re not talking about counting a few office supplies. Proper utility company asset tracking and management mean knowing what type of valves were placed in …

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4 Best Practices for Fixed Asset Tracking

It’s not uncommon for business owners to get swept up in the nitty-gritty of daily operations, but by doing so, you could wind up neglecting certain areas that could be saving, or even making, you more money in the long-term. One of the most obvious examples of this is when businesses finally realize that its …

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4 Best Practices for Education Asset Tracking

We don’t often think of schools as being a particularly asset-heavy entity, but more and more, educational institutions are filling to the brim with pricey assets to better keep up with our ever-changing, technologically-driven world. Gone are the days of composition books and pencils lining the shelves of classrooms; it’s not uncommon to even see a …

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