Benefits of Using QR Code to Track Assets

By November 28, 2024



Asset tracking is one of the major features in modern business operations. This will make sure that proper management is made of useful resources that may not go to waste or unsafe. Among all the available technologies, QR Code Asset Management emerged as cost-effective and reliable. By enabling the power of businesses to track and manage their assets in real-time, QR code has grown to become imperative in industries.

In this blog, we will show you all the advantages that QR codes have when it comes to tracking your asset, really how they work, and why they are a perfect fit for your company. This is where Acube Infotech integrates high-level asset tracking systems-including QR code technology solutions-with personalization for the business. 

What is the QR Code? How does QR work on Asset Tracking?

QR Code: A two-dimensional code is used to store the required information, such as details regarding assets, which can easily be read with the assistance of smartphones or a specific reader for the QR code. 

How to Use QR Codes for Asset Tracking Tagging Assets: 

The QR code will be created and attached or stickered onto assets, whether it be equipment, tool, or inventory. Scanning: Upon scanning, the QR code pulls out and displays relevant information like the location of the asset, its usage history, and condition. Data Integration: The scanned data integrates with the asset management software to keep the records updated and also for real-time reporting. 

Advantages of QR Code Asset Management 

1. Economical Solution

QR codes are extremely inexpensive to generate and deploy. Hence, QR codes work best for companies operating on very tight budgets. Unlike the RFID or GPS tracking system, there is no special equipment or infrastructure required at all to read the QR code.

2. Easy to Deploy

QR codes are easy to make and can be printed on durable vinyl stickers or even metal plates. Due to this ease, it makes it very easy for any businesses to start asset-tracking systems without needing to cause much downtime. 

3. Diversity of Use:

From IT and office equipment to inventory and vehicles, almost any type of asset has the capability to apply the use of QR code in tracking. 

4. Real-time Data Access

After all, the process requires only a scan of a QR code by employees and managers for vital information related to an asset: maintenance schedules, user history, and current location.

5. Smarter Inventory Management

QR codes will make inventory management efficient by automating the manual and cumbersome process, minimizing errors while updating stock in real time. This is particularly useful, especially for industries such as retail and warehousing.

6. Enhanced Protection of Assets

A QR code will help the business in keeping utilization and movement of the assets tracked, hence preventing their loss either through theft or being accessed unauthorized. 

7. Scalability:

As your organization grows, the QR code systems can be scaled easily to take on more assets with minimal investments. 

8. Eco-Friendly Solution 

With QR code asset management, paperwork is reduced as all asset details are digitally maintained, hence promising a greener business.

Solutions Using QR Code Asset Management

1. IT Asset Management

QR codes are used just about everywhere to track laptops, servers, and other IT equipment for efficient deployment and maintenance.

2. Healthcare Equipment Tracking

Hospitals use QR codes to track their medical equipment for timely maintenance and maintaining accurate inventory levels.

3. Retail and Warehousing

Retailers and warehouse managers use QR codes for inventory tracking, order fulfillment, and stock audits.

4. Construction and Manufacturing

In industries dealing with heavy machinery and equipment, QR codes maintain a record of use history, maintenance, and availability.

5. Event Management

QR codes can also find their use in the management of equipment and supplies during big events to make operations run smoothly.

Key Features of the QR Code Asset Tracking System

  • Custom Data Fields: QR codes can store anything from serial numbers to even warranty information in them.
  • Integration with the cloud: In modern times, QR code systems will integrate with cloud-based platforms so that remote access to data can be attained. 
  • Mobile Compatibility: QR code scanning is easily possible by using smartphones of employees; thus, it is highly accessible. 
  • Real-Time Alerts: Notification about upcoming maintenance, warranty expiring, and unauthorized movements of assets. 

How to Implement QR Code Asset Tracking 

1. Assess Your Requirements

First, you need to decide what you want to track, where it is actually located, and what details you want the related label to display.

2. Choose the Right Tool

Choose an asset management software with QR code capabilities that integrate with your existing system.

3. Create QR codes

For each asset once you have listed each in the new database, and print them out on some heavy-duty, non-destructive labels.

4. Deploy and Train Staff

Attach QR codes to assets and train employees to scan and update asset data.

5. Monitor and Optimize

Periodically review asset data for trends, inefficiencies, and optimization of operations.

Common Challenges with QR Code Asset Management

1. Physical Wear and Tear

The labels used for QR codes can deteriorate over time, especially under extreme conditions. The use of durable materials will minimize this problem.

2. Manual Scanning

Unlike RFID, QR codes are usually scanned manually, which can be very impractical for a large-scale operation. In any case, the use of QR codes integrated with user-friendly mobile apps may make the process seamless.

3. Limited Data Storage

While QR codes store a considerable amount of data, businesses dealing in complex operations may require other software for comprehensive asset management.

Why Acube Infotech for QR Code Asset Management?

At Acube Infotech, QR Code Asset Management solutions are developed to easily enable any organization to track and manage its assets.

Our expertise includes:

  • Custom designing and deploying QR codes.
  • Integration with advanced asset management software.
  • Training and support for seamless implementation.
  • Scalable solutions to grow with your business needs.

Acube Infotech is that trusted partner committed to making sure optimization happens in asset tracking operations.

Conclusion

With QR code implementation, asset tracking is facilitated to offer a range of benefits like cost savings, improvement in efficiency, and accuracy. Be it managing the inventory in warehouses, tracking IT assets, or making equipment available, QR Code Asset Management is pretty simple yet an effective solution.

Want to make asset tracking, an easier task? Approach Acube Infotech today to find out how QR code solutions can transform your business into an efficient operation!