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Asset Monitoring Definition

Asset monitoring refers to the technique of tracking permanent or changeable material possessions through the use of a GPS mechanism that broadcasts their site. A monitoring tool is affixed to a high-value quality and is configured to detain and communicate important information, making it available from a distant site.

Every asset is assigned an exceptional identifier, called an electronic serial number or ESN. This makes it simple to rapidly discover the site of a precise asset and pull up important information linking to the asset, or a collection of assets. Users can effortlessly recognize the asset’s position such as if the asset is moving or if a sensor has been triggered.

Asset monitoring procedures and systems purge the need for manual documents and information access. An individual miscalculation can result in expensive mistakes that can hindrance workflows and cut short operations.

There are a massive amount of applications for asset monitoring, amid them comprise the monitoring of high-value preset or portable assets and distant personnel:

  • High-value portable assets, such as vehicles, vessels

  • High-value preset possessions

  • Portable assets and assets that involve customary preservation, maintenance, or substitution parts such as apparatus and equipments

  • Distant personnel such as contractors and workers

A few examples of possessions that would gain from Asset Monitoring:

  • Permanent assets (possessions, place and equipment – or PPE)

  • Principal apparatus, such as machinery and tools

  • Distant workers in commission autonomously

Monitoring of distant possessions means that you can effortlessly confine information on the position of company asset and assist modernized processes. 

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