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Fixed Asset Tracking System

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Assets can be of two types. Physical assets



like furniture, computers and air conditioners. On the other hand digital assets comprise all

digital media like audio, video, text and other computer generated imagery and content. There are many methods to keep track of physical assets. Traditional inventory systems consist of Barcodes, tagging and lately RFID are some of the methods used to keep track of these physical assets.

These can be used individually and can independently act as a tracking system. They can also be used together to form a complex asset tracking system. Physical assets can be fixed as in the case of furniture and fixtures, Personal computers , Air conditioners etc. Keeping track of such assets simply would consist of taking inventory and regularly updating the information.In case of moveable assets like vehicles, cars etc., asset tracking becomes a bit more technical. Modern

asset tracking systems consist of global positioning (GPS) in conjunction with CCTV cameras and display systems, for keeping track of such assets. An asset tracking system would essentially consist of two or more subsystems. For example in a logistics environment, initial data capture would be carried out by hand held scanners which would automatically transfer data to a personal computer. The data would then be classified, sorted and saved in a database. Small inventories

can be effectively managed in an Excel worksheet whereas lager databases may consist of Oracle or

MS SQL Server. Radio frequency identification, RFID technology is becoming quite popular in

retail stores and supermarkets to keep track of inventory. They are also used for tracking

livestock and even wildlife in sanctuaries. A combination of data capture, storage and retrieval are the basic building blocks of asset tracking system. Such systems are critical in logistics and are coupled to inventory and supply chain management system.
Fixed Asset Tracking System
With the increased development of GPS systems it is unsurprising that a wide variety of asset and vehicle tracking applications have been developed. With efficient asset tracking systems it is possible to secure your business assets and equipment, not only can this give you real time information on the whereabouts of an asset but in the event of theft it means that the asset, through GPS tracking can be found in good time and returned to its rightful owner. Many industries have chosen to utilise asset tracking systems; one of the most important of these to make use of this technology is the medical profession.

Tracking the movement of assets such as medical supplies, devices and various other objects can be invaluable to doctors. For instance, having real time information on the movement of a transplant organ or a dialysis machine could provide doctors with the information that can save peoples lives. Once again it seems as if technology is bettering the world greatly. Not all doctors are advocating the use of asset systems just yet however; many want to see further development in the technology before it can be relied upon. This is a fair response in a profession where having the wrong information can harm people's health and even risk their lives.

It is not just the medical profession however that is utilising asset tracking systems. The military applications for this technology are also being realised. Naturally the technology used by the military is far more developed than that available on the market, but with development the benefits can only filter down into the public sphere. The military has used asset tracking technology to give the whereabouts of units across the battlefield allowing commanders a real time projection in a virtual battlefield.

This kind of information allows for more efficient orders and greater chances of success. Individual troops also carry personal GPS tracking devices to give their location and give the commander ultimate intelligence, creating the best chance of each soldier getting the job done with the minimum of casualties.

The benefits of asset tracking systems are there for all business types; not just the military and medical profession. Construction companies are now installing the GPS tracking devices to many types of asset such as diggers and trucks. This not only gives the manager peace of mind for the location of their equipment but in creating this peace of mind allows them to focus their attention to the job in hand, hence improving productivity. This reduces the workload of the manger and reduces stress in the workplace, creating a situation more conducive to high production.

The law enforcement sector has benefited greatly from the introduction and development of asset tracking systems. By giving information on any stolen equipment there job is made easier and increases theirchances of returning stolen items more rapidly. One thing seems certain, thieves will be increasingly frustrated to find ways to sidestep these advance tracking systems.

The logistics industry will probably benefit the most from the development of asset tracking systems. It is already viable to track the whereabouts of a package in real time to give the consumer ultimate control over their deliveries. This will reduce the headaches for logistics managers as complaints about late deliveries should at least in theory become a thing of the past. Naturally the human element may still make mistakes but with evermore development in asset tracking technology, the blame for the artificial side should be negated.

With increasing developments in the world of GPS tracking it is unsurprising that these developments have made life easier in many industries. With the higher levels of efficiency that accompany these developments the benefits are clearly there for those who choose to utilise these new technologies.
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About Author
Both Steve Rastall & Thomas Pretty are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Steve Rastall has sinced written about articles on various topics from . Steve Rastall. Steve Rastall's top article . to your Favourites.

Thomas Pretty has sinced written about articles on various topics from Formula One, Debts Loans and Interior Design. Technology expert Thomas Pretty looks into the benefits of using systems and the industries that are utilising the technology.. Thomas Pretty's top article generates over 1500000 views. to your Favourites.
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