https://www.shelf.nu
It’s estimated that businesses lose up to 20% of their assets annually due to theft, human error, or mismanagement. Asset tracking software minimizes these losses by offering real-time location monitoring and accurate reporting of equipment, tools, and other resources. By integrating barcodes, RFID tags, or GPS technologies, organizations can ensure every asset is accounted for. According to a study published by Grand View Research, GPS-enabled asset tracking reduces loss rates by nearly 40%, saving businesses hundreds of thousands annually.