A good asset tracking system combines hardware and software systems. It can include GPS tracking system, barcode labels, barcode scanners, software programs and mobile devices. Stationary and moving assets like heavy equipment and vehicles can be tracked easily with this system. It improves tracking efficiency and allows the owner to keep track of all assets at all times. It reduces the cost of asset tracking system. An asset can be tracked from its acquisition to the retirement stage. This system is used extensively by medium to large companies to track a variety of assets.

All items connected to it can be tracked from a single computer program. The software has an intuitive interface where all features and options are accessible at one place. It is a configurable system with lots of basic and advanced features. Its data hosted in the cloud is accessible from everywhere. It works on all types of smart devices including computers, tablets and smartphones. A mobile app allows users to access this data through smartphone, tablet and other Internet connected devices.