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GPS & Wireless >> Representative Application >> Asset Management

Tracking assets is an important focus of every company, regardless of its size. Assets are defined as “Any object that a business utilizes internally”. Asset tracking is not limited to computers, tools, software, or office equipment. While employees may have the facility to utilize a specific tool or device, the asset ultimately belongs to the company and must be managed for it's safe return or disposition. Without an accurate method of keeping track of these assets, the cost of adding additional assets may become overwhelming for a company.

With the advancements in technology, the asset tracking software, called ReALTrack-AMS offered by Reltronics Technologies, is available that facilitates any size of business to track valuable assets such as equipment and supplies.

ReALTrack-AMS allows companies to track the status of the company assets, location and also the asset schedule along with the information about the asset possession and maintenance record.  As a result, companies reduce expenses through loss prevention and improved equipment maintenance. This reduces new and unnecessary equipment purchases, and can more accurately calculate taxes based on the depreciation schedules.

Asset Management Points to Ponder
• What is the count of assets in the organization? What is their value?
• How many assets are being utilized? Who has been delegated the task of Asset management?
• Is the administrator aware of the status of the assets?
• Which assets require 24/7 security?
• Which assets are being misused by the employees? What is the action being taken?
• How many visitors visit the organization? Do they have any identical asset as of that of the company?
• Is the data collected in real time? If so, from which resources are they collected from?
• Does sensor based network exist in the organization? What is the current status of those networks?
• Where are the assets?

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Most companies have inventory which is expensive to store and move. In such cases, ReALTrack-AMS Radio Frequency Identification (RFID) technology provides assistance in monitoring the asset movement and triggering alerts regarding the status of the asset. RFID tags are placed on the assets to be tracked, and are combined with an RFID reader and software. The RFID technology ensures the precise location of organization's fixed and mobile assets and provides the user, the status of their movements.  RFID provides the user continual and actionable information, which user can use to make better decisions.

Reltronics Technologies has an understanding to follow a complete asset management life cycle to provide a better solution for tracking the assets. Since Reltronics Technologies is a registered Microsoft partner, it utilizes Microsoft Business Solutions to integrate with ReALTrack-AMS; where the combined solution provides a total asset management solution.

Benefits of ReALTrack-AMS

  1. Implementation of RFID technology provides many benefits on Asset management and ReALTrack-AMS enhances it.

  2. Collect and manage the data using sensor based network: ReALTrack-AMS assists the user in obtaining the real-time data using sensor based network and informs the exact location of the objects.

  3. Improve visibility of assets in the supply chain: ReALTrack-AMS provides information on products as it passes through each stage of supply chain utilizing disparate RFID handheld devices and fixed readers.

  4. Meet compliance mandates of customers: ReALTrack-AMS provides full customization according to the user mandate and provide better utilization of assets and achievement of Return on Asset quickly.

  5. Improve asset tracking and inventory control across multiple facilities: ReALTrack-AMS provides an integrated environment between different facilities.

  6. Reduce labor cost and human error with automatic asset tracking technology: ReALTrack-AMS collects the data from different access points and stores and shares it in real-time between the network and other sharable resources. It results in preventative actions by eliminating procedural aspects, human errors, labor overheads and time spent in data collection.

  7. Provide secured management of valuable assets: ReALTrack-AMS reduces the risk of counterfeiting and mismanagement of resources of the organization and provides timely reports on the existing assets and raises alarms on unauthorized usage of the particular asset as mandated.

  8. Provide a value of assets for valuation system to know: ReALTrack-AMS facilitates appropriate depreciation calculation as per the inputs provided by the users and reports the value of assets for each period, so that organization can view the bottom line with ease.