Advancements in Asset Tracking Within the Industrial Sector

The following guest post was contributed by Abbas Hussain, a blogger who talks about asset tracking and steel buildings for companies like Cyclone Steel Buildings.

What is asset tracking?

Asset tracking makes use of various tools to keep record of both physical and non-physical assets in order to be able to not only account for their whereabouts, but to also carry out maintenance, prevents theft manage depreciation and more. The term asset may be used in reference to computer hardware, software, employee time, equipment, finances and more.

The secret to a successful industrial business is in the management of your company’s assets in an effort to increase production throughput while reducing cost. Asset tracking will allow you to make informed decisions while guiding your company forward by providing details about every company asset.

Advancements in asset tracking software.

Over the years, advancements in technology have improve the process by which companies track their assets. Including the use of improved bar coding, Auto-ID software, ERPs (enterprise resource planning software), machanized automation, scheduling software and much more. Many of these “new” technologies are infrstuctural, such as bar coding, and have been in existence for nearly 40 years. The adoption of such technology by enterprises for the purpose of tracking capital assets is a growing trend though. This is especialy true for publicaly traded companies who are required to account for and report assets as part of the companies larger financial portfolio in SEC (security and exchange commision) filings.

One of the more recent advancements within the industrial sector with respect to tracking assets involves the use of browser-based on demand software. The internet has made it much easier to tracking and manage business assets in real-time and remotely. Using secured channels, you are able to communicate with operational staff members with regards to the equipment you own as well as the products you are manufacturing. This allows you to keep track of every stage or product development as well as discussing solutions you are facing. You can also give an accounting of every asset you own as well as the condition it is in.

Technological advances also enable businesses to keep physical track of the whereabouts of your assets. This includes the use of GPS and satellites enabling you to view and follow the progress of your assets during transportation. It will keep your equipments safe because you will be able to know when someone is tampering with your assets. You will be able to do this from any remote part of the world. This asset tracking method has revolutionized the way industries do business.

Asset tracking for industrial manufacturing

The creation of industry related solutions has provided a way to track assets which a company owns. There are software tools you can use to keep a record of every physical asset, every software, and even the times you use them. These management tools can help you take charge of your company and optimize your manufacturing schedules in order to allow you to produce optimal results as far as products are concerned. With these management tools, you can keep track of every stage of the development of your prototypes in addition to the condition of your equipment. You can also keep money records and analyze them better.

The use of automated manufacturing equipment has been one of the best ways to track a company’s assets. The computer-aided designs are used to create each specialized section of a particular product under development. The machines help companies manage their time and channel it to higher production. You will be able to keep track and account for each raw material that is used accurately and with minimal room for error.

Asset tracking will continue improving with time as more technological advances are made. The industrial sector will continue thriving as a result.

Guide to Smart Printing by Intermec - FR

image credit: Jeffrey Beall