Utilizing Asset Panda for Equipment Tracking

By October 27, 2016Asset Tracking, Blog

Utilizing Asset Panda for Equipment Tracking

Tracking general-use equipment, employee-assigned equipment, or equipment for specific jobs is becoming a necessity in today’s growing mobile workplace. Equipment is constantly moving from place to place, and the cost of replacing items that are lost, stolen, or not properly maintained is skyrocketing. Companies are realizing that employing an equipment tracking software system capable of streamlining all these tracking processes — whether at a warehouse, job site or at the home office is fundamental to ensure accurate data gathering.

After putting a flexible and scalable equipment tracking software in place, companies find that accountability has improved across the organization, there is a reduction in excess purchases and paperwork, they have been able to completely eliminate manual tracking that is prone to error, and there is a marked improvement in maintenance of the equipment. By having a clear, accurate database of every asset along with its location, user, and maintenance status, organizations can now see the effectiveness of asset tracking and the role it plays in day-to-day operations.

Asset tracking can be utilized across many different industries when it comes to equipment tracking software. Consider the following industries and how equipment tracking software to manage assets both big and small can make an impact:

Audio/Visual Equipment

One of the biggest challenges in the A/V industry is keeping an organized, accurate, and efficient log of every piece of equipment owned. Issues range from organizing the massive amount of audio and video equipment that is currently in circulation or in storage, to having a real time knowledge of which pieces are loaned or rented. Another challenge is controlling the amount of people that handle the equipment, and determining how many hands one single camera goes through any given year. Do your employees know who is responsible for logging and tracking the location, user, and working condition of each camera, lens, and microphone? Which items are still under warranty and which aren’t? How many items need preventive maintenance or repairs? How many items are not in good working condition and should be replaced and disposed of?

And don’t forget about insurance claims! If you cannot provide enough information to prove ownership you may be denied of your claim and therefore not receive payment for your lost , stolen or damaged A/V equipment.

Construction Equipment

The Construction industry is constantly changing. There is always new equipment being purchased, rented, and shipped to sites across the city or across the country. After completing one phase of a job, equipment may either be moved into storage or shipped straight to the next construction site. It is extremely complicated to create an efficient and accurate inventory system to accommodate such a robust and dynamic sector.

Depending on the size of your warehouse, you could have dozens of forklifts, hundreds of pallet trucks, and other equipment. Even after your company has dealt with the purchase expenses, these assets still require significant funds to maintain. Without the proper inventory management plan, you or your warehouse manager will soon find that these items are a drain on your organization’s budget. Construction equipment tracking definitely requires a robust and easy to use asset tracking and management system. 

Leased Equipment

For many companies, leasing is simply an essential part of everyday business. Equipment leases are moving from an overlooked footnote to a highly visible line on the balance sheet. With the potential of hundreds of leases on the books, using spreadsheets has limited capabilities for search, reporting, action initiatives and accounting functionalities. Without fixed asset tracking software that also includes leased asset tracking, companies can be stuck with a manual asset management system that is error prone and susceptible to a variety of risks, costing thousands of dollars on items that are not even a part of the permanent inventory.

With Asset Panda, you can promote efficiency across a variety of industries that need proper equipment tracking software by keeping everyone up to speed with the latest information. Multiple users can enter and edit the mobile database, giving them direct access to notes and records of repairs, upcoming maintenance, and prior problems. A strong equipment tracking system helps companies avoid unnecessary replacements. If you have good information about when something needs to be fixed, or if an item has a reoccurring issue, you can make a smart decision by bringing in a new asset.

Designed to replace expensive and outdated processes, our integrated system combines the use of free mobile iOS and Android apps, the cloud and scanning using the devices your employees already carry. Any organization with inventory and/or fixed assets – can use Asset Panda and experience significant and measurable bottom-line results. There’s no need to purchase additional hardware, software or the associated licenses. With Asset Panda, the entire lifecycle of every one of your vital assets lives in the palm of your hand. Look up date of purchase, insurance information, maintenance history and schedule, who currently has the asset, the GPS location of that asset, and when it will be returned.

Asset Panda was designed with the philosophy that our clients should be able to track their assets exactly how they want. Look at your current equipment tracking processes and give us a try for free for 14 days. Visit www.assetpanda.com for more information.

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