One of the most important tools companies can use is asset tracking. Not only can this tool be applied to many different sectors, but it can also help you save money. While many people may believe that asset tracking is just about keeping records, there is so much more to it! Here’s how asset tracking improves quality control.

What is Asset Tracking?

Asset tracking refers to the process of tracking physical assets by using barcode labels, GPS, RFID (Radio Frequency Identification), or Bluetooth beacon technology to broadcast their whereabouts. This procedure aids in real-time monitoring of asset status, location, and availability. There are varying levels to asset tracking, from just easily scanning when an item is checked out to in-depth location monitoring.

Types of Assets Tracked

• Machinery and equipment
• IT materials
• Medical equipment
• Valuable company assets
• And more!

If you’d like a more in-depth explanation, check out our article here:

The Role of Asset Tracking in Quality Control

Real-time Monitoring

Asset tracking improves quality control by being able to see objects in real-time. This instant data availability is critical for quality control, allowing for fast answers to any issues that may jeopardize quality.

Importance of Accurate Data

Having accurate, up-to-date asset information aids in making informed judgments. Knowing when a machine needs to be serviced, for example, can help to prevent flaws in the products being created. Asset tracking can be outfitted with maintenance reminders.

Identifying Bottlenecks

Asset tracking can identify bottlenecks in the manufacturing process. Companies can discover which assets are underperforming or creating delays by evaluating data, allowing for early interventions to maintain quality requirements.

Record Keeping

In short, asset tracking makes it easy to automate the tracking process. Whether you are using a simple system like barcodes or something more advanced, this can all be logged instantly. Not only can this help you stay compliant with laws and regulations, but it can also prevent employee theft and help you track items if they go missing.

Benefits of Asset Tracking for Quality Control

There are many benefits to asset tracking that improve quality control. Remember, asset tracking solves many different problems at once. Here are some of the top benefits you can take advantage of.

Automated Data Collection

As mentioned above, information is automatically logged for you. This significantly cuts down on time and eliminates human error in a majority of your asset tracking processes. This automation ensures that the data regarding asset usage, maintenance, and location is accurate and reliable.

Efficient Use of Resources

Companies can optimize the use of their resources by precisely tracking assets. In a manufacturing scenario, for example, knowing when a machine will be available allows for better scheduling of production runs, decreasing downtime and boosting efficiency.

Enhanced Transparency

Asset tracking systems provide operational transparency. Stakeholders can access the status and history of assets, encouraging accountability. Transparency is essential in quality control because it guarantees that all stakeholders are aware of and can resolve any concerns as soon as they arise.

Quality Assurance

You can use asset tracking to improve quality control through tracking specific products or tools. Asset tracking provides for the tracking of products throughout the manufacturing process. This oversight ensures that each stage of production fulfills the quality standards established, resulting in a higher-quality end product.

Audit Readiness

Organizations that use extensive tracking are always ready for audits. Asset tracking systems capture and store data that may be rapidly and easily retrieved to establish compliance during audits.

Cost Effective

Asset tracking can improve quality control through savings on costs. You can essentially extend the life of your tools and other equipment. Items can also be easily found if they go missing, meaning you don’t waste money by not being able to find objects.

Challenges and Considerations

While asset tracking systems can be very beneficial there are some challenges to implementing a system like this.

Cost Implications

While it can be cost-effective to track your assets, the initial investment can be costly. Businesses must weigh the long-term benefits against the initial cost and consider alternatives such as staggered adoption or leasing equipment. You can find out more about how much asset tracking costs here.

Technological Compatibility

It is difficult to ensure that new asset tracking technology is compatible with existing systems. It could require upgrading of legacy systems or the development of interoperable solutions capable of bridging the gap between old and modern technologies.

Protecting Sensitive Information

With the expanding usage of IT services and cloud-based asset tracking systems, data security is becoming increasingly important. To protect sensitive data from breaches, businesses must deploy strong cybersecurity procedures.

Compliance with Privacy Laws

Businesses must also be aware of, and comply with, data privacy rules and regulations, which vary greatly based on region and industry.

Adapting to Change

Companies must be adaptable and flexible in order to integrate new technology and processes. Because of this agility, their asset tracking and quality control systems stay effective and competitive.

How Asset Tracking Improves Quality Control in Different Industries

Asset tracking can improve multiple industries with the right application. Here are some industries that can benefit from asset tracking.

Construction 

• Asset tracking aids in the management of tools and machinery, ensuring that they are in good shape and readily available when needed. This increases project efficiency while lowering the chance of construction errors caused by malfunctioning equipment.

Manufacturing

• Asset tracking in manufacturing makes certain that machinery and equipment are properly maintained and working, eliminating downtime and production problems. It also aids in inventory tracking, preventing overstocking or raw material shortages, which can have an impact on product quality.

Healthcare

• In healthcare, asset tracking ensures that vital equipment, such as a defibrillator and surgical tools can be properly tracked when used by various staff. It also aids in the monitoring of delicate materials such as vaccinations, ensuring their efficacy and patient safety.

Retail

• Asset tracking software makes it easy to track items that are vital to everyday functions. This ensures that workers are able to keep functions running smoothly and staff are able to service customers in a reasonable fashion.

Logistics and Transportation

• Asset tracking in logistics guarantees that commodities are delivered on time and safely. It aids in the monitoring of the condition and location of vehicles and cargo, lowering the risk of delays, damage, or loss, all of which have a direct impact on customer happiness and service quality.

Food and Beverage Industry

• In this industry, asset tracking ensures the correct storage and management of food products, ensuring their quality and safety. It also aids in supply chain tracking, guaranteeing compliance with health laws, and lowering the danger of contamination. This is usually tracked through the use of barcodes.

IT and Technology

• With IT, staff can track computers, wiring, monitors, and other hardware easily. This information can be automatically tracked and staff and deploy assets with ease.

Education

• Asset tracking in educational institutions can help manage resources like computers, lab equipment, and books, ensuring they are available and in good shape for student usage, hence improving the learning experience.

Hospitality

• Tracking assets such as room furniture, kitchen equipment, and cleaning tools in the hospitality business has a direct impact on visitor pleasure and service quality.

Need Asset Tracking for Your Business?

Do you have assets that need extensive tracking? Want a partner that truly understands your needs? Don’t worry, we’ve got you covered! 360Connect connects buyers will suppliers every day. Just fill out our 1–2-minute form and we’ll contact you to verify your information and needs. From there, up to 5 suppliers will reach out to you with quotes. This process is 100% free and easy!