The goal of asset management is to maintain an accurate inventory of assets, monitor their condition and location, schedule maintenance and repairs, and optimise their usage. This will reduce costs and increase productivity. Implementing asset tracking software is crucial for businesses looking to manage their assets effectively, reduce costs, and improve productivity.
At Netstar, our asset tracking software gives you real-time updates on the location and status of your assets, so you always know what’s happening.
There are many benefits to implementing asset management solutions. However, it is important to know what additional running costs you may incur if you don’t invest in a comprehensive asset management solution, including:
Inaccurate asset inventory: It can be difficult to maintain an accurate inventory of assets without tracking software. Overstocking or understocking can result in unnecessary expenditures or lost opportunities.
Lost or stolen assets: When assets are not tracked, they are more vulnerable to theft or loss, leading to significant financial losses for businesses.
Reduced productivity: When assets are lost or not available, productivity can suffer. This can lead to delays in projects, reduced customer satisfaction, and lost revenue.
Poor maintenance and repairs: The inability to schedule maintenance or repairs on assets can lead to decreased efficiency and increased costs. This can also lead to safety issues for employees because it is not possible to schedule maintenance or repairs without the use of tracking software.
Compliance and legal risks: Depending on the industry, businesses may have to comply with regulations regarding the tracking of assets. Failure to comply can lead to fines, legal action, and damage to the business’s reputation.
Poor financial management: Without tracking software, it can be difficult to understand the financial impact of assets on the business. This can lead to missed opportunities to reduce costs or increase revenue.
Asset tracking software becomes an essential tool for businesses to manage their assets effectively. It helps businesses reduce costs, improve efficiency, and mitigate risks associated with asset management.
Why choose Netstar for asset tracking software?
As you know, managing a large number of assets can be challenging. The problem with asset tracking is that you cannot be everywhere at once, so you’re not always sure that they’re in their proper places. If your assets disappear, it can be costly. By using GPS technology, our system is able to track your assets in real time, enabling you to know when and where they are.
The Netstar tracking device is simple to install and user-friendly. In addition to being extremely tough, it is also compact, waterproof, rugged, and UV stable, as well as having an extended battery life. The device can be mounted on assets that are exposed to rain, dust, and marine conditions.
Using Netstar asset tracking software, you can track trailers, containers, skip bins, tools, high-value equipment, and much more.
Contact the team at Netstar for more information or to book your demonstration.