A straightforward guide to choosing asset tracking software.

Posted by tedmark on June 16th, 2015

Type of your assets, Workflow/Arrangement of your assets, Value of your assets and quantity of assets should form the framework to decide on your asset tracking system. Most asset managers dive straight into features or get straight into comparing asset tracking software. Most try and find software by industry type. All are valid approaches but may not to be suitable if you are looking to deploy asset management software for the long run. Looking within your business may be a better starting point. Every business is unique and that uniqueness could be complemented by using the right software for your business (rather than making decision of software features)

What type of assets you have and what do you really want to track is a fundamental question. Equally, what will you get if you have a successful asset tracking system needs to be appreciated. Do you want to track lifecycle stages of assets (for example; assets by maintenance stage, assets by location, assets by value… the list is really long but I hope you get the idea) or do you want to just track assets moving in and out of your premises. Get total clarity of your core requirements. i.e. start to make a list of must-have’s from your next asset tracking software

The next step is to outline how your assets are arranged and structured. If you have all your assets in one location and they are independent of each other then you have a straightforward requirement. However, if your assets are spread across various locations, you have multiple interlinks between your assets and have complex workflow then your next asset management software needs to accommodate the current asset structure as well as any future foreseen complexities.

The total value of your assets is a good measure of how much you should spend on your next asset tracking software. If the total value of your assets is £1.3 Million then is it really prudent to have budget of £1000 on asset tracking system? Sure frugality is road to cash in the bank but at the same time quality does not come cheap. If you are an asset intensive business and if your assets form core of your business then maybe you should be looking for quality rather than the price.

Once you are ready with the above answers, comparison of asset tracking software is really easy. Just visit www.comparesoft.co.uk to get your shortlist and comparison of asset tracking systems in less than a minute. Video demonstrations and Product Brochures are included too.

If asset tracking system is fundamental for your business then accurate and comprehensive comparison of asset tracking software maybe useful to you.