Companies in commercial industries are constantly looking for new or cost-effective technology in their factories or workplaces. The main goal is to maximize production to increase sales, process efficiencies, and customer satisfaction. Commercial industries are fast-paced and require work to be as efficient as possible. Due to labor and supply chain shortages, companies started looking into asset tracking and monitoring solutions due to the abundance of benefits and process improvements. Here are three ways asset tracking and monitoring solutions benefit industrial companies.

Equipment Utilization Reports

Companies in commercial industries have large amounts of tools and equipment in their facilities. It can be difficult for companies to keep track of and maintain these assets as they operate during multiple shifts. Utilization reports are helpful for companies because they help users visualize operational time and conduct maintenance procedures based on this information to help eliminate downtown. With a real-time location system (RTLS), companies can see this information in real time. It can also help assure employees that equipment is available to maximize usage for improved processes.

Reduce Administrative Costs

When we look at the journey of asset management and digital transformation, we can see that many asset tracking systems started as paper-based, and now they’ve evolved to IoT-based, Machine-Learning solutions. Even though more and more companies are adopting technology for their asset tracking needs, some companies are falling behind since they still rely on admin staff to know the status of their assets. Whether it be keeping track of assets manually or having to scan from zone to zone, the room for human error remains. An asset tracking system that can provide real-time updates without a barcode scanner can reduce administrative costs. This cost reduction allows staff members to focus more on other critical tasks rather than be worried about their valuable assets.

Customer Service Improvements

When commercial companies are able to maximize production efforts, in turn, they increase customer satisfaction. When companies can track and monitor assets, they can improve inventory management, reduce process efficiencies, and improve product quality – all of which make an impact on the customer or end user.

Asset Tracking for Commercial Industries with Link Labs

The power of asset tracking in commercial industries involves many moving parts. By adopting an IoT solution, such as AirFinder by Link Labs, companies can harness the power of improved workplace processes to stay ahead of the competition. AirFinder is an affordable solution that works both indoors and outdoors for asset tracking and monitoring. With AirFinder, you not only get the three benefits listed above but many more. If you are interested in learning more about this solution, book a demo with one of our experts.

Jennifer Halstead

Written by Jennifer Halstead

Jennifer Halstead, MBA, CPA brings more than 20 years financial industry experience to Link Labs. She began her career in finance within the pharmaceutical industry and has continued in both public accounting and private companies. She passed the CPA exam with the 3rd highest score in the state and completed her MBA with an accounting concentration (summa cum laude). Jennifer has worked with several software companies and has led multiple venture financing, merger and acquisitions deals. She has helped companies expand internationally and has managed the finance department of a startup to 33 consecutive quarters of growth prior to acquisition. After the acquisition, she served as the Controller of Dell Software Group’s Data Protection Division where she managed a portfolio of multiple hardware and software products to scale and achieve over triple-digit growth worldwide in 18 months. Jennifer brings a depth of finance experience to the Link Labs team.

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