Implementing IoT for Efficient Asset Tracking in a Rapidly Growing Distribution Company
Technology Category
- Functional Applications - Enterprise Asset Management Systems (EAM)
- Functional Applications - Inventory Management Systems
Applicable Industries
- Finance & Insurance
Applicable Functions
- Logistics & Transportation
- Warehouse & Inventory Management
Use Cases
- Real-Time Location System (RTLS)
- Track & Trace of Assets
Services
- System Integration
The Customer
Midwest Distribution
About The Customer
Midwest Distribution is a rapidly growing wholesale distribution company. As the company expanded, it faced the challenge of managing an increasing number of assets and employees. The company was experiencing issues with asset management, including employees trading equipment without proper tracking, leading to lost assets and unauthorized changes in asset locations. The company needed a robust, efficient, and cost-effective solution to manage its growing number of assets and ensure smooth operations.
The Challenge
Midwest Distribution, a rapidly growing company, was facing a significant challenge in accurately tracking its increasing number of assets due to its growth and the addition of more employees. The company was experiencing issues with employees trading monitors, PCs, and tablets throughout the day, with no effective system in place to track these movements. This lack of a robust tracking system led to problems with lost assets and unauthorized changes in asset locations, which were often not known to the IT Department. The need for a solution was urgent to ensure the smooth operation of the company and to prevent further loss of assets.
The Solution
Midwest Distribution found the perfect solution in an easy-to-use, cost-effective Inventory System and Asset Tracking System. This system was designed to enhance the company's ability to track its growing number of assets. Since its implementation, the company has seen a significant reduction in cases of lost assets or assets changing locations without the knowledge of the IT Department. The Barcode-Based Asset Tracking System provided by ASAP Systems not only helped in tracking assets but also saved the company additional money through increased efficiency. It eliminated the need for maintaining separate records for assets, thus reducing labor costs. The system also streamlined internal processes and procedures, making it a convenient single reference point for IT Help Desk Techs to quickly reference warranty status, replacement costs, and conduct audits to ensure correct location and employee information.
Operational Impact
Quantitative Benefit
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