Fixed Asset Tracking 101: What, Why and How

fixed asset tracking

Traditional spreadsheets and ledgers are becoming a thing of the past as they are being replaced with revolutionary technology that can simplify asset tracking.

And why is this important you might ask?

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Well, did you know that 30% of all organizations do not know what they own, where their assets are located or who is even using them? Add to this the fact that evaluating factors that influence the actual value of assets can take up valuable time.

With a modern tracking system, asset tracking can be accomplished as easy as taking a picture or entering a code.

Below is an infographic from Asset Panda that provides some valuable information on what fixed asset tracking is, why it’s important and how it can help a business.

fixed asset tracking

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[Click image for full size version] 6 Comments ▼

David Wallace David Wallace, co-founder and CEO of SearchRank, is a recognized expert in the industry of search and social media marketing. Since 1997, David has been involved in developing successful search engine and social media marketing campaigns for large and small businesses. In additions to his duties at SearchRank, David is editor in chief at Infographic Journal, a blog featuring some today's best infographics and data visualizations.

6 Reactions
  1. Thank you so much for the interesting infographic. I’ll be honest. I know nothing about asset tracking until you introduced this to me. Sure, we track items in our inventory but we don’t even know the value of all our assets.

  2. Maybe I’m ignorant, however I don’t understand the value of an infographic. You can’t print it out even when it offers good information which I assume this is. Why do this infographic. Where’s the value to me as a reader. Maybe I’m to oldschool but I don’t get the value of this unless there’s a way for me to download it and share it with others or use it myself. It stays here for me.

    • Hi Doug, it’s all about visualizing content. 🙂

      The idea is to make information that would otherwise be dry and boring to some, more palatable.

      And actually, you can do a lot of things with an infographic:

      1. Read it on the page.

      2. Print it. Hit the printer icon on the left or (depending on your device) top of the article. Or this link to print.

      3. Forward the article via email to anyone you’d like. Hit the envelope icon on the left or (depending on your device) top of the article. Email to a friend link.

      4. Use any of the sharing buttons on the left or (depending on your device) top of the article.

      5. Or like any image, you can put your cursor on top of the image, and “right click” (I guess that’s left click if you’re left handed) and follow the commands to download or save the image to your own computer for later reference.

      – Anita

    • Everything Anita said! 😉

  3. Quit wasting everybody’s time with cartoon’s and put some serious information out, like good old basic asset by-serial number inventory control’s, that your insurance company is more then likely to come looking for in the event you make a claim on an asset over, and they want to see the asset’s history. S/N inventory of hard asset’s may be a PITA but the insurance company’s at a minimum are still going to want to see some sort of asset purchase, use and history BEFORE they cut any check. And that includes the fact that they are also going to use an asset depreciation schedule before they cut the check as well, on top of seeing and factoring in any deductible’s you have on you policy. Seen this scam used a lot in over 25 year’s and it’s a good way to get your policy cancelled if anyone in the Company is getting ‘cute’.