Asset Tracking Canada: All You Need to Know in 2023

Asset Tracking software is an essential tool for any business that wants to save time and money. It’s that simple. This page will tell you everything you need to know about picking the right asset tracking system for your business.

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What is Asset Tracking?

Asset tracking is an inventory management system that keeps tabs on the whereabouts, condition, and maintenance of your assets. This is done by combining the use of barcode scanning, Bluetooth, RFID, and GPS technology, which feed data about your assets directly to a software that’s installed on your smartphones, laptops, or desktops.

Asset tracking devices are all connected through a network called the Internet of Things (IoT). The IoT allows data to pass from asset tracking devices via the internet to your company’s servers, meaning you can access information about your assets quickly and easily.

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The Best Asset Tracking Software

Asset tracking software is the central hub for all your data. Make sure you choose the right software for you with Expert Market's guide.

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How much does asset tracking cost?

The cost of an asset tracking system depends on how many assets you own, the type of assets you own, and the number of logins you require for the software. You’ll then need to consider the cost of setting up an asset tracking system, and allow for the fact that you’ll need to take time out of the business day to train your staff on how to use the system.

What are the benefits of asset tracking?

First and foremost, asset tracking software can increase workplace productivity and cut labor costs by saving your team from searching for assets. It also makes audits much quicker and easier, while it can improve your customer service if you run a tool-hire business.

What are the different types of asset tracking?

There are four common types of asset tracking – barcode asset tracking, Bluetooth asset tracking, RFID asset tracking, and GPS asset tracking. The type of asset tracking you require will depend on the kind of assets you own. You may even need more than one type of asset tracking system.  Most asset tracking systems collect data in multiple ways, with all the information then collated by your asset tracking software.