Software Asset Management, Asset Tracking

In software terms, Asset Management is a system designed to monitor, maintain, upgrade and track the movement of company assets. The method by which assets can be tracked are with the use of barcodes or RFID tags. RFID tags are more complex as they have the ability to have information stored and updated (write/re-write facility). RFID tags can also track the location of goods via GPS and also temperature fluctuations of goods during transit. Assets can be Tangible or Intangible. Tangible relates to both Current and Fixed Assets such as stock and inventory and can refer to equipment and buildings. The term Intangible Assets can relate to such things as computer programs, copyrights, patents and company trademarks.

RSS

5 Technologies the Supply Chain Industry Cannot Avoid in 2021

5 Technologies the Supply Chain Industry Cannot Avoid in 2021

By David Bennett, freelance writer

Technology can turbo-charge supply chains in many ways, but only if you are willing to stay on top of the latest trends and embrace the ones which promise to deliver the biggest advantages. With that in mind, here is a look at the key tech breakthroughs that should be considered essential for the industry this year.

Delaware partners with Collaborit to expand Enterprise Asset Management capability

Delaware partners with Collaborit to expand Enterprise Asset Management capability

Global IT services company Delaware has signed a partnership agreement with asset management specialist, Collaborit, to develop and deliver Enterprise Asset Management (EAM) solutions to customers across the market of asset-intensive operations, helping them to maximise their return on their assets and improve reliability.

How parcel tracking became part of modern consumer delivery expectations

How parcel tracking became part of modern consumer delivery expectations

By Ed Smith, freelance writer.
Do you expect a certain standard of service every time you order something online? From fast and flexible delivery slots to seamless returns, the rise of ecommerce has driven various logistical advances as we do an increasing amount of our shopping at home.

AVEVA recognised by Frost & Sullivan with the 2020 Best Practices Award for Growth, Innovation and Leadership Excellence in the asset performance management market

AVEVA recognised by Frost & Sullivan with the 2020 Best Practices Award for Growth, Innovation and Leadership Excellence in the asset performance management market

AVEVA, the global engineering and industrial software solutions provider, has been recognised with this year’s Frost Radar Best Practices Award for growth, innovation, and leadership excellence in the asset performance management (APM) market.

AVEVA positioned as 2020 Asset Performance Management leader

AVEVA positioned as 2020 Asset Performance Management leader

AVEVA, the engineering and industrial software solutions provider, has been named a market leader in the Verdantix 2020 Green Quadrant for Asset Performance Management (APM) Solutions.

EPM Solutions and Yotta partner to deliver connected asset management to industrial and hazardous sectors

EPM Solutions and Yotta partner to deliver connected asset management to industrial and hazardous sectors

Asset management engineering and technology company, EPM Solutions has announced it has signed a partnership agreement with asset management software provider, Yotta. The partnership will allow the two companies to draw on their complementary asset management technology, resources and expertise to deliver connected asset management solutions to industrial and hazardous sector clients across the UK.

Interphone introduces temperature monitoring and flow control solutions to prepare for lifting of COVID-19 restrictions

Interphone introduces temperature monitoring and flow control solutions to prepare for lifting of COVID-19 restrictions

Interphone has teamed up with Dahua Technology, a global video surveillance specialist, to help private and public sector organisations create a safer in-building environment and experience as COVID-19 restrictions are lifted.

Effective plant asset management – new functionalities for smart field devices

Effective plant asset management – new functionalities for smart field devices

With its Simatic PDM Maintenance Station V2.0, Siemens is providing what it believes to be the ideal solution for efficient monitoring of intelligent field device statuses independently of the automation and control system used.

MSL Launch New Web Portal & E-Learning Facility

MSL Launch New Web Portal & E-Learning Facility

MSL, one of the UK’s leading property maintenance companies, has just launched its new improved customer web portal to give its customers even greater transparency of their maintenance activities and spend. MSL provide the full range of reactive and compliance maintenance services to many of the UK’s well-known retail brands throughout the UK.

Track and trace visibility in smart manufacturing

Track and trace visibility in smart manufacturing

Rising customer demands, increasing complexities and an ever-growing army of competitors – no industry is safe from the challenges of modern business. A new guide from Zebra Technologies outlines how, with the right technologies and the right approach, you can overcome the hurdles and build a factory of the future.

Asset tracking & management software is implemented to control all aspects of an asset’s life cycle from purchase to disposal. Asset tracking & management software enables you to track valuable assets, from software and IT assets, to vehicles, tools, medical equipment. It can be used for managing assets across a number of industry sectors in manufacturing, Oil & Gas, government, education and healthcare.

The software can be standalone, client server, cloud , web-based and offered on a subscription basis. Asset tracking primarily uses barcodes and requires complimentary hardware such as a mobile computer and barcode scanners, bar code printer and mobile asset tracker software. The tracking method can, however, be adapted for use with RFID, Smart Cards, Serial Numbers or any other unique identifier.

Once the bar codes have been printed and fixed to the asset, the auditing, tracking management and maintenance can commence. The result is that at the end of an audit, you can immediately print out a list of all items that are missing allowing maximum time to find misplaced assets.

Asset tracking software can integrate into a WMS (warehouse management software) and monitor service contracts and schedules. The software can also assess current values of stock and calculate depreciation value for single or multiple items or batches. With asset tracking software, you can accurately account for all assets across each store, facility and the lifecycle of each asset, from procurement to retirement, with real-time data available on-line via a browser. Mobile asset tracking can be performed by using an app on any smart phone or tablet and are available as a SaaS solution (software as a service) lowering the overall costs associated with hardware purchases, server maintenance and software upgrades.

Inquiries can be performed based on description, category, SKU (stock keeping unit), purchase date, location or other variables, with reconciliation against manifests made possible to identify quantity or other variances.

Assets can be tracks according to division, department, employee, contractor or other category. Automated data acquisition is built in with support for barcode scanning, RFID tagging, graphical mapping and global positioning system (GPS) integration, which allows you to pinpoint exact coordinates for anything you need to find wherever it is located.

In field service applications, works orders can be created and maintenance tasks can be scheduled. Reminders can be sent via email and SMS to the relevant contractors/maintenance personnel to remind them to complete scheduled as well as to notify them of overdue work orders and tasks. Notes, images and other data can be attached to the work orders and tasks providing an invaluable management system.

Software Asset Management (SAM) is a best practice incorporating a set of proven processes and procedures for managing and optimising an organisation's IT assets. The goals of SAM are to reduce information technology costs and limit business and legal risk related to the ownership and use of software. SAM technologies track license expiration, thus allowing the company to function ethically and within software compliance regulations

Editorial: +44 (0)1892 536363
Publisher: +44 (0)208 440 0372
Subscribe FREE to the weekly E-newsletter