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Streamline Your Business, Enhance Customer Satisfaction, and Improve Security With Asset Tracking
From livestock to laptops, tools to televisions, and everything in between, asset tracking software can help your business in more ways than you think.

But with so many different asset-tracking providers out there, it can be hard to know which one is best for you.

Fortunately, that’s where CommercialExperts.us can help.

CommercialExperts.us is a US-based business-to-business comparison service. We have already helped 1000s of US companies of all sizes compare and save on various products and services that are essential to any business that is serious about success.

To start your search and find the best asset tracking providers to fit your business, simply complete our 2-minute form by tapping the "start free quote" button below.

We look forward to helping you.

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Based on the answers you’ll get a range of quotes tailored to you.

3. Compare providers.

Compare your quotes and choose the right provider for you.

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What Is Asset Tracking?

Asset tracking technologies include a variety of different systems that you can equip with your assets to help report on a variety of different metrics.

This will often include the location, condition, and status, among other essential information.

Asset-tracking devices connect to the internet and transmit data to software installed on devices such as mobile devices, desktops, and laptops.

To view this data in real-time, you will require a Real-time asset tracking system.

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Types of Asset Tracking

Although they all primarily do the same thing, there is a range of different asset-tracking devices on the market.

One may be better suited to your business than others, so it is crucial to understand how they work so you can make the right choice.

The four primary asset-tracking system types, as well as their benefits and drawbacks, are briefly described below.
Barcode Asset Tracking These systems make use of optical, machine-readable asset tracking tags, just like the ones you can find on the majority of retail items, like grocery or clothing tags.

These tags are unique, scanned via a barcode reader, and house all of the asset's information.
Advantages Disadvantages

Inexpensive compared to others

Requires a line of site to be read

Simple to integrate

Has a limited amount of data storage

GPS Asset Tracking GPS asset tracking works by sending satellite signals from a tracking device attached to an asset to a receiver.

You may be familiar with this type of technology if you have ever used a satellite navigation system in your car.

This makes them particularly useful for assets that are on the move in outdoor environments, such as vehicles or outdoor equipment and tools.
Advantages Disadvantages

No transmission costs

Only works outdoors

Longer battery life than other types

The signal is affected by the quality of GPS coverage in an area

Have the ability to track over long distances so they’re perfect for vehicles

Expensive hardware

Real-time tracking

Bluetooth Asset Tracking Also known as Bluetooth Low Energy (BLE) The BLE reads the signal using Bluetooth technology, detects it, and then sends the information back to the software that is installed on Bluetooth-capable devices.
Advantages Disadvantages

Highly accurate

Shorter range than others (typically only 50m)

Longer battery life

A higher number of tags is needed to improve the range which will cost you more

Easy to manage

RFID Asset Tracking Radio Frequency Identification (RFID), uses radio waves to detect, identify, and track your assets.

These are small tags that are attached to the asset and store all of the relevant information.

They come in two different types, active and passive.

Active RFID tags have an internal battery powering them, which allows them to transmit information over a larger distance (typically up to 100m).

Passive RFID tags do not have their own power source so must rely on an RFID scanner to work.
Advantages Disadvantages

Can be read from a distance

Assets have to be manually scanned to register

Large memory & storage capabilities

Active RFID tags are expensive

Can be read through different materials

Reading RFID tags requires specific equipment

More robust than barcodes

What Are the Benefits of Asset Tracking?

All Data Is Centralized
Keeping track of the different makes, models, and manufacturers of your assets can often be a tedious process, and that's before adding their date of purchase to the equation.

Asset tracking can centralize them on a single, user-friendly dashboard and integrate them with existing systems.

This will streamline your business activities, as you can see everything from location to condition on one dashboard.
Improved Efficiency
Real-time tracking can help identify underperforming assets, as well as their condition and usage.

This will allow your staff to make informed decisions on what assets to use and when to use them, boosting overall productivity.

Knowing where your assets are at all times eliminates any 'ghost tools' and the hours wasted by your staff looking for them.
Increased Asset Lifespan
The health, usage, and efficiency of your assets can all be tracked in real-time.

This will enable you to get the most out of your assets for as long as possible by assisting your staff in making informed maintenance plans.

Some systems will even notify you when routine maintenance and repairs are required.
Improved Security
Digital paper trails can be created with the ability to sign assets in and out, so if anything goes missing, you know where to start looking.

Some systems will also come with geofencing capabilities.

This will allow you to create a perimeter that, if broken, will send out an alert informing you of this.

This is especially useful for vehicles and livestock, as it alerts you to their theft or escapes.
Enhanced Customer Service
Shipments can be validated in real time with a live map.

This can be used to inform your clients of the status of their shipments and the anticipated delivery date. If there are any problems with the delivery, you will be able to notify them as soon as possible.

If you lease tools, you can avoid promising customers specific items, only to then backtrack when you realize it has already been leased to someone else.

Additionally, this will prevent your reputation from being damaged by renting out any broken or damaged equipment.

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How Much Does Asset Tracking Cost?

This will depend on a range of factors.

The type of system you want is the first thing to consider, as some are more expensive than others.

Your assets' quantity and type, as well as the number of logins you need, will all be factors in this.

If you need a less sophisticated system for just a few tools, this will be far cheaper than a more sophisticated system covering a huge range of assets and an equally large number of people using it.

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How to Get Asset Tracking

Hopefully, that has answered any questions you may have about asset tracking systems and how they can benefit your business.

Now you may be asking yourself, 'How can I get an asset tracking system?'

Just tap the "START FREE QUOTE" and answer a few questions about your business on our quick and simple form.

Based on your responses, you will receive up to five free, non-committal quotes, tailored specifically to your business needs, then you can compare the best deals for your business.

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