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Is Asset Tracking Important?

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Growth, it’s what we all strive for as business owners. But when we’re in the start-up phase, one of the things we overlook is what happens to our assets as we grow. Asset tracking is an important strategic solution for any growing business and when done right, will keep your organization running smoothly. So, why is asset tracking so important?

Scalability

If you’re a one-man operation, tracking limited assets is a piece of cake. As you grow, adding employees and more physical assets, it’s much easier for things to go missing and have things slip through the cracks. If you’re up to fifty or one hundred assets, it’s daunting to have to change your tracking system to a system that can grow with you. By implementing a remote system from the get-go, scaling your business becomes a non-issue. What do we mean by “remote”? Ditch the ledgers, go digital.

Save Money

This one should appeal to most start-ups. Looking for something that can directly affect your bottom line? This is it. Stop wasting time (and time is money) hunting down that second set of keys your new employee signed out two days ago. Know where things are and what’s being used effectively and you’ll cut down on admin costs alone. Not to mention limiting loss, being aware of the condition of your assets, and replacing items only when they need to be replaced, not misplaced.

Increase Productivity & Efficiency

Pen and paper is so passé. Did you know it can take up to 120 seconds (on average) to sign in/out a set of keys in a physical ledger? Can you imagine how much time it would take to track and hunt those same keys down manually? By moving things to the cloud, you’re not only saving money, you’re increasing the efficiency of your business. Use your computer or device and find things at the click of a button. Need something but it’s currently out? You can stop sitting in the office waiting for it to come back in. With the right tracking system, reserve what you need when you need it and be notified when it’s ready.

Employee Accountability

By ensuring employee accountability, you decrease theft and the misuse of office equipment. No one wants to be responsible for the loss of a laptop, especially one that doesn’t belong to them. Put the onus on your employees to be responsible for office assets and you’re likely to see an improvement in misplaced items. It’s easy to notice a trend if one employee keeps losing things when you’re tracking via the cloud. Here at logitout, we know we make asset tracking simple for business owners like you. If it takes 120 seconds to sign something out in a binder, it takes 30 seconds when you stick a Logitout barcode on. That’s a savings of $240 a week, more than $12,000 a year. Think what you could be spending that money on instead! Move into the 21st century by speaking to one of our experts now .

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