The asset tracking software can be used for any type of movable or immovable assets like machines, equipment, vehicles, stationery, inventory, and many more. It provides information about every aspect of the assets, including their location, usage, maintenance schedule, depreciation, insurance due, etc. What is Asset Tracking Software?Īsset tracking software is a tool which records and tracks an asset starting from its procurement to disposal. But, before that, let's have a look at the basic concepts of asset tracking software, its significance, benefits, and factors to be considered to select the best. #RFID ACCESS CONTROL SOFTWARE OPEN SOURCE FREE#To avoid these issues, we have compiled a list of the best 7 free and open source asset tracking software, which you can consider deploying for your business. Wastage, theft, or loss of the assets can be a major financial issue for the business in the long run. Whether it is machinery, stock, or office supplies, it is important to know the status of the company’s each possession. An asset is something which is used to generate income in the business. on a real-time basis, ultimately saving time and money both.Īssets of an organization hold a significant value to the business. It can help organizations by keeping them updated about their assets in terms of their quantity, location, usage, maintenance, etc. But, using these methods has proven to be a waste of time in compiling inaccurate reports resulting in wrong decision making and poor financial performance.Ī well-featured asset tracking software can eliminate these issues. Traditionally, ledgers or excel sheets were used by the companies to manage the assets. Asset tracking is one of the most important tasks for a company, regardless of its size or the sector it belongs to.
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