Why Use A Barcode For Asset Tracking

By November 3, 2016Asset Tracking, Blog

Why Use A Barcode For Asset Tracking

Fun Fact … did you know that if you have a smartphone then you already own a barcode scanner? It’s true! The small device that most of us can’t live without on a daily basis does so much more than we realize. Who knew that such a seemingly small tool can have a huge impact on the daily operations of a company or even an entire industry thanks to a simple scan of a barcode for asset tracking?

There are dozens of apps available that give your phone the ability to scan barcodes of all sorts, from 2D to QR codes to the classic black bars. In the not so distant past, in order to keep track of a company’s vital fixed assets, they had to use a separate handheld barcode scanner to enter each individual item into their records. Those scanners were typically limited in number due to the fact that they were quite expensive. And just like most hardware, handheld scanners required service and eventually replacement. It’s no secret that we are all trying to do more with less, scrutinizing the bottom line and searching for faster, more effective ways to do our jobs. And when it comes to asset tracking, the use of smartphones or tablets equipped with up-to-date asset tracking software featuring barcode scanning capabilities is revolutionizing the way assets are tracked.

Most modern organizations are really beginning to understand that barcode asset tracking is vital for their success – and not just for accounting and compliance purposes. By scanning barcodes, assets can be easily tracked regardless of where they are. A barcode can obtain real-time updates on a product’s location, whether it is being moved from one site to another or is in for a scheduled maintenance update. Using barcodes for asset tracking also reduces the risk of human error which can be devastating to a company if data is entered incorrectly.

Still on the fence if the use of barcodes for asset tracking are good for your company? Here are some of the most basic and cost-effective benefits to consider when it comes to the relevance of scanning barcodes in asset tracking systems:

  • Captures of vast amounts of information about each asset
  • Increases data integrity
  • Reduces errors
  • Increased accountability
  • Simplification of record-keeping
  • Short or almost no employee training time
  • Reduction of labor costs due to shorter time of inventory data entry
  • Immediate access to the location of each asset
  • Eliminates missed maintenance schedules

Simply put, combining the asset tracking function from scanning barcodes to a mobile asset tracking app provides immediate, real-time and accurate results, eliminates the inefficiency and potential for error associated with manual asset tracking, and saves companies time and money while promoting accountability among its employees.

Asset Panda’s simple but powerful mobile asset tracking platform is steadily gaining ground as the true leader when it comes to asset tracking. Asset Panda’s free Android and iPhone/iPad mobile apps sync with the cloud and includes a mobile barcode scanner, which is a key component of the software. When your barcode scanner is tied to an asset tracking app like Asset Panda, the entire lifecycle of each of your vital assets lives in the palm of your hand. Access your data anytime, anywhere within seconds. From your smartphone or tablet, you’re able to enter and view such information as where an asset is and who has it, check in/check out status, maintenance schedule, purchase/lease information, depreciation statistics, etc and so much more.

From a cost savings standpoint, with Asset Panda, your asset tracking system doesn’t require the servicing or replacement associated with handheld barcode scanners. Now you and your employees are able to cut back on wasted time (and money) searching for lost assets or trying to remember the last time a piece of equipment was serviced. And with Asset Panda, you’re entitled to an unlimited number of users at no additional cost, enabling you to add as many stakeholders as you’d like.

Simple and efficient tracking can make a profound difference in a company’s bottom line. Better resource management produces significant savings of time and money. Get all that and more with a free 14-day trial of Asset Panda. Visit www.assetpanda.com to sign up today.

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