Asset tracking is the process of monitoring and managing physical assets throughout their lifecycle. It involves identifying, recording, and tracking assets from acquisition to disposal. Asset tracking enables organizations to optimize asset utilization, reduce maintenance costs, and improve operational efficiency. It also helps organizations to comply with regulatory requirements and mitigate risks associated with asset loss or theft. Asset tracking can be achieved through various methods, including barcode scanning, RFID tagging, GPS tracking, and manual data entry. Effective asset tracking requires accurate and up-to-date asset information, which can be achieved through the use of automated systems and software. By implementing asset tracking, organizations can gain greater visibility and control over their assets, leading to improved decision-making and increased profitability.
