Asset Tracking and Management: An Overview

Track your assets, monitor your budget, save time and effort.

The terms asset tracking and asset management are often used interchangeably or are even combinedly called an asset tracking management system. Asset management refers to how well a company's assets are being used and harnessed at multiple levels.

On the other hand, asset tracking is the process of trying to keep track of assets that a company owns and utilizes regularly. Pycube offers a construction and industrial asset tracking management system, allowing customers to upload and track projects using a simple visual interface.

Importance of Asset Tracking and Management

Things go better with ATS!

An asset tracking system (ATS) focuses on the minor details as well as the wider picture by enabling you to keep track of all the minute details that go into making a large business work smoothly. A typical, optimized asset tracking management system addresses all critical aspects of the assets used by the company and lets companies to:

  • Save time, money, and manual efforts.
  • Improve the efficiency of your assets.
  • Boost the asset's value.
  • Manage asset-related risks effectively.
  • Improve asset use decision-making.
  • Boost stakeholder confidence and encourage business image.

Information that can be Stored by Using ATS

Bet, you couldn't ask for more information to be tracked

The following types of information are regularly tracked:

  • The asset's standard information, such as asset description, model, and so on.
  • The history of usage to identify where, when and who used the asset
  • The region where the asset is located
  • Asset identification items, such as serial numbers, RFID/barcode
  • Purchase date and years in service
  • Maintenance record

Asset Tracking Technologies: A Gist

The tracking technology that knows where your asset is.

To fulfill your business's requirements, a plethora of tracking technologies are available. It is not a one-size-fits-all circumstance when it comes to selecting the correct technology for your company use case.

It is dependent on what you want to achieve, what your business challenges are, and where you want to implement the solution. Here are some of the asset tracking technologies that you can choose from:

  • Radio Frequency Identification (RFID): A 200m short-range technology that calculates the proximity to an RFID antenna network and the localization of input signals.
  • Bluetooth Low Energy (BLE): A 100m short-range technology that triangulates input signals and calculates proximity to a Wi-Fi access point network.
  • Wi-Fi: A 200m short-range technology that triangulates input signals and calculates proximity to a Wi-Fi access point network.
  • Ultra-wideband (UWB): A 10-20m short-range technology that calculates multiple pathways.
  • LPWAN (LoRa, LTE-M, NB-IoT): A long-range technology that tracks utilizing GPS and 15000m are relayed to the LoRA gateway and then to the back-end.
  • Cellular (GSM, LTE, 5G): A long-range limited by coverage technology that tracks via GPS and cellular transmission to the backend.
  • GPS: A long-range limited by coverage technology that tracks via GPS and Wi-Fi transmission to the backend.
  • Satellite (LPGAN): A long-range gateway technology that tracks utilizing GPS and 10000m gateway transmission to the backend.

Factors to Consider while Choosing the Suitable ATS Technology

Know the aspects while choosing what's best for you.

Let's look at how to choose the right asset tracking technology for your use case by making the optimized trade-off among given parameters.

  • Mobility: Determines the amount of asset movement that is needed to be monitored.
  • Accuracy: Signifies the accuracy of the location as per the range
  • Frequency: Measures whether you want to know where your assets are, every minute, hour, or in real-time

Why Choose Pycube?

Says what it does because your assets are our assets

Pycube offers ATS solutions that can assist businesses to streamline asset management and tracking tasks utilizing data recorded by the software. Using a brilliant ATS, Pycube offers a cohesive asset tracking and management system that helps you achieve optimum efficiency in operations and keep track of its assets.

When you're dealing with hundreds, thousands, or even millions of returnable assets, a dedicated tracking management solution by Pycube can help you streamline internal processes while optimizing asset utilization.

Pycube can help you protect your invaluable assets while lowering expenses by offering a variety of tracking choices, a robust database that is simple to use, smartphone scanning compatibility, and a cloud-based environment that is accessible from anywhere, at any time.