Asset Management

Good Practices in Asset Tracking

We recently posted a blog article entitled“Asset Tracking: The Top Three Mistakes.” In this post, we’ll get into good practices that will help your company accur

ately track its assets. The most important thing to do is to keep your asset tracking system simple. You want an easy-to-use internal asset tracking system that can deal with any change in the equipment you currently own or intend to purchase. Many companies that find it too daunting to create an asset tracking system choose to outsource their tracking.

If your company is in this situation, it is important to find the right vendor. Find one that has the experience to efficiently inventory your assets. Ask prospective vendors lots of questions, like where they conduct inventories and in which industries. Find out how many projects they have completed that are similar to yours, and ask for proof of accreditations and awards.

It is also important that your vendor have the right equipment and processes to ensure that the initial inventory is accurate. Make sure your chosen vendor uses handheld information recorders. This latest technology in the industry helps make

the inventory process much more accurate. Your vendor should also have a quality control process in place to further ensure accuracy after the initial inventory is complete. Ask vendors to discuss with you their project management capabilities and their success gathering information efficiently in a corporate operating environment.

For more information about EquipNet’s asset tracking capabilities, check out our proprietary Asset Redeployment Management System (ARMS™).

Categorias: Asset Management

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