The power of knowing where your assets or goods really are goes much beyond only information.
Companies in many different business sectors are implementing asset tracking systems based on the Internet of Things (IoT), and they have very good reasons for that.
IoT-enabled tracking offers great value for organizations whose performance depends on the use of a large volume of mobile assets and equipment or on reliable supply chains, being the last one of the biggest challenges of today´s global trade.
According to some recent market research projections, there may be as many as 267 million active wireless asset trackers in use worldwide by 2027, but there are billions of objects still needed to be tracked in a reliable form
In our experience we have found that asset tracking systems improve the quality of your equipment, inventory management and supply chain reliability substantially, avoiding loses and allowing much better capacity utilization and higher delivery accuracy towards your customers.
But are we not having enough information in our current Transactional systems?
Assets can be tracked indeed at the time of transaction in your system (Goods received, goods issued, transfer stocks, etc.) or in real time throughout your supply chain using a network of real-time location cells like our DC solo technology.
Internet of Things is an exponentially the growing network business equipment connected to the Internet through embedded wireless devices.
The main advantage of this technology is the ability of IoT devices to collect data about their own performance, their environment and the workflows of which they are part of.
Like any complex technology, IoT-based asset tracking systems have powerful capabilities and have the potential to create new challenges if not deployed and used correctly.
Specifically, our plug and play IoT-based asset management technology enables you:
Automation DC Solo streamlines what would otherwise be time-consuming and error-prone manual
tasks.
Just managing asset bookings and recording transactions could take up an asset manager's entire day and will never be as up to date and accurate as it is with IOT trackers.
Real-time data collection
Our IoT technology makes ordinary commercial equipment 'location-aware'. It can send information about its location, the environmental conditions and how it is being used to other computer systems or human staff in real time.
Optimizing asset utilization Computer-assisted asset management allows a much finer level of control over equipment usage and maintenance. For example, you can rotate equipment usage throughout the inventory to evenly distribute wear and tear. It can automatically lock assets according to a pre-set maintenance schedule, so they are used under optima conditions of maintenance.
Performance and usage monitoring Detailed logging allows you to track asset usage over time and create total cost of ownership profiles for the different equipment you have in stock. This information can inform future purchasing decisions.
Workflow support IoT-based tracking systems allow you to create entirely new business processes and workflows. For example, you can instruct automatically Route corrections, or start processes before a material or spare part arrives to your premises since we really know where the missing piece is and when it till arrive.
By offering a unique combination of performance, security and manageability, our technologies enable you to connect your process to your assets and design decision making patterns to steer your processes and supply chain in real time.