{"id":21882,"date":"2024-10-02T09:04:06","date_gmt":"2024-10-02T15:04:06","guid":{"rendered":"https:\/\/limblecmms.com\/?p=21882"},"modified":"2025-05-30T13:00:35","modified_gmt":"2025-05-30T19:00:35","slug":"industry-leaders","status":"publish","type":"post","link":"https:\/\/limblecmms.com\/blog\/industry-leaders\/","title":{"rendered":"How do industry leaders track assets with CMMS?"},"content":{"rendered":"

Asset tracking<\/span><\/a> is the process of monitoring, managing, and providing maintenance for your organization\u2019s physical assets such as <\/span>manufacturing equipment<\/span>, warehouse machinery, vehicles, <\/span>facilities<\/span>, and infrastructure, as well as the spare parts, tools, raw materials and other resources you utilize to maintain these critical assets.<\/span><\/p>\n

Asset tracking<\/span> is a vital part of protecting your assets against loss, damage, theft, or failure. As we\u2019ll discuss in the guide that follows, <\/span>asset tracking<\/span> is particularly important in asset-intensive industries like <\/span>healthcare<\/span><\/a>, <\/span>manufacturing<\/span><\/a>, <\/span>construction<\/span><\/a>, and <\/span>oil & gas<\/span><\/a>. In these contexts, organizations have not only invested a great deal of capital into their equipment, but operational continuity also depends on the functionality and availability of these assets.<\/span><\/p>\n

A quick overview of asset tracking<\/span><\/h2>\n

The following guide will discuss the important role that <\/span>asset tracking<\/span> plays in each of the above-mentioned industries. But first, let\u2019s take a close look at exactly what <\/span>asset tracking<\/span> is and how it works.\u00a0<\/span><\/p>\n

How asset tracking works<\/span><\/h3>\n

Today, most <\/span>asset tracking<\/span> strategies are tech-enabled. Organizations in asset-intensive industries rely on <\/span>real-time location systems<\/span> that <\/span>utilize <\/span>barcodes<\/span><\/a>, QR codes, GPS, and <\/span>RFID tags<\/span> to collect <\/span>real-time data<\/span> on the location, status, and condition of these assets.\u00a0<\/span><\/p>\n

These digital solutions are often folded into broader <\/span>asset management<\/span> or maintenance management platforms<\/span><\/a>. For instance, a <\/span>Computerized Maintenance Management System (CMMS)<\/span><\/a> will typically <\/span>integrate<\/span><\/a> an advanced <\/span>real-time<\/span> asset tracking<\/span> application with a host of other <\/span>asset management<\/span> applications including features for <\/span>managing inventory<\/span><\/a>, <\/span>preventive maintenance<\/span> (PM) scheduling<\/span><\/a>, <\/span>work order creation<\/span><\/a>, and more.\u00a0<\/span><\/p>\n

This is because <\/span>asset tracking<\/span> strategies are most valuable and effective when working in coordination with other essential <\/span>asset management<\/span> processes. On its own, <\/span>asset tracking<\/span> gives organizations the ability to locate and assess the condition of assets in <\/span>real time<\/span> while also keeping detailed records, data, and maintenance history on a given piece of equipment.\u00a0<\/span><\/p>\n

Combined with other programs and strategies, <\/span>asset tracking<\/span> can play a central role in improving maintenance outcomes, <\/span>reducing unplanned downtime<\/span><\/a>, and <\/span>lengthening the expected useful lifespan<\/span><\/a> of your <\/span>critical assets<\/span><\/a>.\u00a0<\/span><\/p>\n

The role of <\/span>asset tracking<\/span> in <\/span>asset management<\/span> strategies<\/span><\/h3>\n

Asset tracking<\/span> is about much more than keepings tabs on the location of your assets. The visibility provided by effective <\/span>asset tracking<\/span> also allows you to monitor individual asset features like:\u00a0<\/span><\/p>\n