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Asset Tracking Software


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eMaint CMMS logo
 
eMaint, a Fluke company, is a computerized maintenance management software (CMMS) solution that assists thousands of businesses worldwide to manage enterprise assets, streamline workflows, track inventory and schedule preventive and... Read More
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eMaint, a Fluke company, is a computerized maintenance management software (CMMS) solution that assists thousands of businesses worldwide to manage enterprise assets, streamline workflows, track inventory and schedule preventive and... Read More
 
Maintenance Connection logo
 
Maintenance Connection is a cloud-based software system for maintenance management. It is suitable for businesses of all sizes in general facilities management, healthcare, manufacturing, government, utilities, warehouses, energy development,... Read More
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Maintenance Connection is a cloud-based software system for maintenance management. It is suitable for businesses of all sizes in general facilities management, healthcare, manufacturing, government, utilities, warehouses, energy development,... Read More
 
Facilities Management eXpress logo
 
Facilities Management eXpress (FMX) is used by a variety of industries including education, property management and government. With FMX, facilities managers can view their activities and associated costs, and building occupants can... Read More
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Facilities Management eXpress (FMX) is used by a variety of industries including education, property management and government. With FMX, facilities managers can view their activities and associated costs, and building occupants can... Read More
 
Asset Essentials logo
 
Dude Solutions provides a suite of cloud-based maintenance management applications that provides businesses with centralized requests, automated maintenance workflows and reporting. Asset Essentials is suitable for manufacturers,... Read More
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Dude Solutions provides a suite of cloud-based maintenance management applications that provides businesses with centralized requests, automated maintenance workflows and reporting. Asset Essentials is suitable for manufacturers,... Read More
 
FTMaintenance logo
 
FTMaintenance, by FasTrak, is a maintenance management software platform that automates daily tasks related to work orders, asset and equipment management, MRO inventory, preventive maintenance and predictive maintenance. Mobile capability... Read More
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FTMaintenance, by FasTrak, is a maintenance management software platform that automates daily tasks related to work orders, asset and equipment management, MRO inventory, preventive maintenance and predictive maintenance. Mobile capability... Read More

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Fiix logo
 
Fiix is a cloud-based computerized maintenance management system (CMMS) that helps businesses organize their maintenance departments, get on top of maintenance backlog, and work towards preventive maintenance. The CMMS helps manage... Read More
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Fiix is a cloud-based computerized maintenance management system (CMMS) that helps businesses organize their maintenance departments, get on top of maintenance backlog, and work towards preventive maintenance. The CMMS helps manage... Read More
 
MPulse logo
 
MPulse CMMS software provides integrated tracking, scheduling, and reporting tools for equipment and facilities maintenance organizations. The system offers flexible deployment options and compatibility with virtually any device, while... Read More
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MPulse CMMS software provides integrated tracking, scheduling, and reporting tools for equipment and facilities maintenance organizations. The system offers flexible deployment options and compatibility with virtually any device, while... Read More
 
Megamation DirectLine logo
 
DirectLine by Megamation is a cloud-based maintenance management software that serves the maintenance scheduling and compliance reporting needs of education, manufacturing, healthcare and beverage industry. Available on a monthly subscription,... Read More
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DirectLine by Megamation is a cloud-based maintenance management software that serves the maintenance scheduling and compliance reporting needs of education, manufacturing, healthcare and beverage industry. Available on a monthly subscription,... Read More
 
MAPCON logo
 
Designed specifically for companies in the manufacturing and facilities industries, MAPCON is a maintenance management system that offers standalone asset management, preventive maintenance, work order management, and more. The solution... Read More
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Designed specifically for companies in the manufacturing and facilities industries, MAPCON is a maintenance management system that offers standalone asset management, preventive maintenance, work order management, and more. The solution... Read More
 
TabWare by AssetPoint logo
 
TabWare is a full-featured CMMS/EAM solution made exclusively for maintenance managers.The solution contains advanced analytics that make use of the data created stored during day-to-day operations so that companies can gain full visibility... Read More
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TabWare is a full-featured CMMS/EAM solution made exclusively for maintenance managers.The solution contains advanced analytics that make use of the data created stored during day-to-day operations so that companies can gain full visibility... Read More

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ManagerPlus logo
 
ManagerPlus is a CMMS solution that helps growing organizations manage their assets, maintenance, inventory, and purchasing. ManagerPlus is fit for asset-intensive industries like agriculture, construction, transportation, manufacturing,... Read More
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ManagerPlus is a CMMS solution that helps growing organizations manage their assets, maintenance, inventory, and purchasing. ManagerPlus is fit for asset-intensive industries like agriculture, construction, transportation, manufacturing,... Read More
 
UpKeep logo
 
UpKeep is a web-based computerized maintenance management software (CMMS) and enterprise asset management (EAM) solution with a focus on mobile use. The system is accessible on desktops, laptops, tablets and smartphones and is suitable... Read More
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UpKeep is a web-based computerized maintenance management software (CMMS) and enterprise asset management (EAM) solution with a focus on mobile use. The system is accessible on desktops, laptops, tablets and smartphones and is suitable... Read More
 
MicroMain Maintenance Software logo
 
MicroMain Maintenance is a robust, intuitive CMMS/EAM software suite designed to simplify work order management, optimize preventive maintenance, track assets, automate purchase orders and much more. The award-winning software is used... Read More
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MicroMain Maintenance is a robust, intuitive CMMS/EAM software suite designed to simplify work order management, optimize preventive maintenance, track assets, automate purchase orders and much more. The award-winning software is used... Read More
 
MaintenanceEdge by Dude Solutions logo
 
Dude Solutions™ provides a suite of web-based maintenance management applications that help streamline maintenance operations with centralized requests, automated maintenance workflow, and simple reporting. MaintenanceEdge™ includes... Read More
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Dude Solutions™ provides a suite of web-based maintenance management applications that help streamline maintenance operations with centralized requests, automated maintenance workflow, and simple reporting. MaintenanceEdge™ includes... Read More
 
Tenna Asset Management logo
 
Tenna is a cloud-based maintenance management and asset tracking platform designed for midsize companies in industries including construction, oil & gas and heavy industry.  Tenna helps clients track all their equipment, tools, vehicles... Read More
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Tenna is a cloud-based maintenance management and asset tracking platform designed for midsize companies in industries including construction, oil & gas and heavy industry.  Tenna helps clients track all their equipment, tools, vehicles... Read More

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ServiceChannel logo
 
ServiceChannel Service Automation is an integrated suite of cloud- and mobile-based solutions to help handle facilities management tasks such as finding contractors and suppliers, entering planned and demand service requests, tracking... Read More
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ServiceChannel Service Automation is an integrated suite of cloud- and mobile-based solutions to help handle facilities management tasks such as finding contractors and suppliers, entering planned and demand service requests, tracking... Read More
 
TheWorxHub logo
 
TheWorxHub by Dude Solutions is a cloud-based maintenance management solution designed specifically for both healthcare organizations and senior living communities. Its suite of applications helps users coordinate activities and supports... Read More
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TheWorxHub by Dude Solutions is a cloud-based maintenance management solution designed specifically for both healthcare organizations and senior living communities. Its suite of applications helps users coordinate activities and supports... Read More
 
FaciliWorks CMMS logo
 
FaciliWorks by CyberMetrics is a CMMS/Enterprise Asset Management (EAM) solution designed to maximize productivity and manage assets and lower costs, while also ensuring compliance to industry standards. With this system, companies... Read More
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FaciliWorks by CyberMetrics is a CMMS/Enterprise Asset Management (EAM) solution designed to maximize productivity and manage assets and lower costs, while also ensuring compliance to industry standards. With this system, companies... Read More
 
IFS Applications logo
 
Designed specifically for to-order manufacturers and asset-intensive companies around the globe, IFS Applications is relied upon by its large global customer base by supporting intricate order-driven and mixed-mode manufacturing requirements... Read More
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Designed specifically for to-order manufacturers and asset-intensive companies around the globe, IFS Applications is relied upon by its large global customer base by supporting intricate order-driven and mixed-mode manufacturing requirements... Read More
 
Agility by SoftSols Group logo
 
Agility, created by SoftSols Group, is a CMMS/CAFM system for maintenance and facility managers to use on-site and in the field. The solution offers a full suite of applications, including asset management, reactive and preventive... Read More
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Agility, created by SoftSols Group, is a CMMS/CAFM system for maintenance and facility managers to use on-site and in the field. The solution offers a full suite of applications, including asset management, reactive and preventive... Read More
 

Buyer's Guide

by Taylor Short,
Market Research Associate
Last Updated: September 23, 2017


Asset tracking software helps users manage the location of, and work performed on, each piece of equipment or machinery throughout an organization. These systems share many capabilities with maintenance software and facilities management systems. However, asset tracking software often includes barcoding or radio-frequency identification (RFID) tags to quickly retrieve data about the machine.

This guide will outline the common capabilities of an asset tracking system, as well as factors buyers should consider when purchasing one. We’ll cover:

What Is Asset Tracking Software?
Common Functionality of Asset Tracking Systems
What Type of Buyer Are You?

What Is Asset Tracking Software?

Keeping tabs on machinery, tools and other assets is critical in ensuring a company’s operations are uninterrupted. After all, asset failure and machine downtime can wreak havoc on a business’s bottom line.

An asset tracking system offers ways for users to digitally track the location of assets that have been physically tagged. It also stores asset information and inventory data, and can alert managers when spare parts stock is low.


Equipment data, including ID number, description and location, in ManagerPlus

Using software to track these assets can help:

  • Ensure scheduled maintenance is completed on time
  • Set up alerts and notifications so that the appropriate personnel are automatically assigned to tasks when new work orders are created
  • Track the life cycle of assets. Information about equipment condition, age and more is entered and stored in the system
  • Run reports and calculate depreciation of machinery

Common Functionality of Asset Tracking Systems

Most asset tracking systems include some or all of the following capabilities:

Work order management The primary reason maintenance professionals need to track assets throughout an organization is to ensure assets are at peak condition and performing the task to which they’re assigned. Therefore, many asset tracking systems also include some kind of work order management functionality, allowing users to create and review work orders and assign them to technicians.
Barcoding or RFID tagging A useful functionality found in asset tracking software is barcoding, QR coding or RFID tagging. Users can create a barcode or QR code system by printing labels and attaching them to machinery. When technicians arrive at the asset to perform work, they can scan the barcode with a hand-held reader or capable smartphone to retrieve important information about that machine. This can save time traveling between the job site and the office computer, while increasing the accuracy of data workers use to perform their duties. 
Depreciation Asset tracking software can also assist companies with calculating depreciation for each piece of equipment. Users simply enter information about an asset, such as date of purchase, acquisition value and estimated service life, then choose from several depreciation methods (straight-line, MACRS, double-declining balance etc.) to have values calculated automatically.
Equipment rental Some companies have assets that can be checked out by employees outside the maintenance department. These rentals should be documented so that equipment can be restored if lost or damaged; Or, if there is a repair to be performed, a technician can see where it is and who is in possession of the asset. Asset tracking software allows users to check equipment in and out: they can assign an employee to a piece of equipment, log the check-out and check-in dates and even store a signature for the renter.
Mobile applications The ability to use smartphones and tablets in the field increases efficiency for maintenance departments, giving technicians access to asset data wherever they’re located. 
Mobile capabilities are a major part of asset tracking. Users can download native applications for mobile devices and scan barcodes or QR codes to instantly view information about a piece of equipment. If the system offers inventory management capabilities, barcoding can also be used to update inventory quantities in real time: Simply scan a code and change the values for certain spare parts as they are consumed.


Setting up barcode formats in Maintenance Assistant

What Type of Buyer Are You?

Some specific asset tracking capabilities, such as barcoding, can be particularly useful for certain industries. Here are a few types of buyers that can benefit the most from these systems:

Managers from manufacturing, healthcare or other asset-intensive industries. Companies with many pieces of equipment and machinery need a reliable way to manage scheduled maintenance. Manufacturers must keep critical machines operational in order to produce goods. And hospital maintenance managers have to ensure equipment stays running for the safety of employees and patients.

Using a barcoding system to retrieve condition information and work-order status saves time that could otherwise be spent maintaining the most critical machinery.

Facilities managers. Professionals who manage building maintenance also need to track equipment inside the facilities, such as HVAC units and lighting, to ensure occupants are able to work. Asset tracking software can alert workers when assets require repairs so they can address the problems quickly.

Fleet maintenance managers. Rolling assets can be especially challenging to track and maintain. Businesses that rely on a fleet of vehicles need to know exactly where any given truck, bus or van is located so that maintenance can be scheduled accordingly. Using an asset tracking system, managers can organize maintenance based on the vehicle’s location. This allows them to maximize the time vehicles are on the road in the most cost-efficient way.

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