Asset tracking is a process of keeping track of the inventory of assets in your business. The need for asset tracking arises from the fact that companies have to keep track of all their assets, which includes property and equipment. Tracking these assets is important because not doing so can lead to loss, theft, or damage to them.
There are many software tools available that can help you with asset tracking and management. Some software is tailored for specific industries like construction, manufacturing, or healthcare while others are more general purpose.