Grey Trunk’s cloud-based asset tracking system makes asset tracking fast and simple. Eliminate hours of work using RFID and barcode technology to easily find and catalog your assets.
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Asset tracking is the method of tracking and managing your physical assets (such as computers, equipment, tools, furniture, etc.) by using either a barcode or RFID tag. You can capture important information about the asset, such as the status or location, simply by scanning the asset tag. When a change is made, assets can be easily updated in a centralized catalog using a cloud based service, such as Grey Trunk.
A ghost asset is a fixed asset that is on a general ledger that cannot be accounted for because it is either physically missing or deemed unusable. In a Gartner study, it is found that an average company will have anywhere from 15% - 30% of ghost assets in their inventory. The best way to eliminate ghost assets is by performing physical asset inventories on a regular schedule using an asset tracking software.
Every business needs to understand what assets they have purchased, where their assets are, and the status of their assets. Many businesses are constantly searching for assets or losing assets which results in wasted productivity, duplicate purchases, and unnecessary purchasing which increase costs. Your goal is to get the most out of each asset you purchase.
Barcodes require line of sight, meaning you must physically find and scan each individual barcode with your mobile device’s camera.
RFID does not require line of sight. You can capture multiple tags at once if you are in range of the RFID tag. This is very useful when conducting inventory audits with asset management tracking software. Walk into a room, scan everything in seconds, and move onto the next location. RFID scanning does require an additional piece of hardware that Bluetooth connects to your mobile device.
The best asset tracking software gives you the ability to scan both RFID and barcode asset tags.