Advantages of Asset Tracking in Waste Management

Asset lifecycle management is essential to create long-term plans for sustainable waste management operations. This ultimate aim can be achieved with an asset tracking device combining the help of innovations in waste management technologies.

Through barcode labels, GPS, or RFID tags, companies can learn everything about their assets to extend their life with optimized operations. So, what are the functions of asset tracking in waste management operations?

What is Asset Tracking?

Asset tracking is a way of monitoring physical assets by scanning barcodes or using GPS or RFID with asset tracking hardware. An example of barcode asset tracking can be QR codes to detect current locations or track movements.

Alongside with QR code asset tracking, GPS or RFID is convenient to monitor assets by broadcasting and receiving signals. RFID asset tracking is a short-distance solution, whereas GPS asset tracker is available for the global operations. Nonetheless, the real problem is the root of this technology. Why would a company want to know the location of its assets?

Why Asset Tracking is İmportant?

From waste generation to disposal, there are many processes involved in the waste management hierarchy. One of the most critical parts is managing the containers that are the beginning of waste occurrence and segregation.

Also, containers are the stop points for garbage trucks. Accordingly, finding the most efficient route for picking up is essential. This way, firms can decrease costs and save operational time due to route optimization.

Likewise, IoT enabled asset tracking to reduce carbon footprint to contribute zero carbon policies and help companies achieve their green goals. Not surprisingly, comprehensive solutions are the most commonly preferred smart waste management practices. This scope can extend to inventory management.

How to Build an Inventory Management System with Asset Optimization?

Asset tracking could also be used in inventory management by pairing up with other innovative waste management solutions. Hence, managers can:

• Track stocks instantly.
• Optimize future inventory planning easily.
• Put inventory data into reports.

Why is inventory management important? As a result of optimizing stock planning, customer satisfaction increase with the elimination of possible scarcities. To increase efficiency even more, detailed asset management and tracking system is at companies’ disposal. In the end, tracking locations is okay but not sufficient.

What makes the difference is monitoring the container fill level and temperature. While tracking the site in real-time via smart bin is even better! These features help companies prevent overflows and losses due to fire.

Since waste bins fill up at different frequencies, it is necessary to get detailed current status data of all the containers. With smart sensors being attached to waste bins for business, IoT-based solutions come into play.

How Does Asset Tracking Work?

First, smart sensors send asset-related data to the cloud system for tracking asset. It enables managers to get real-time insights and AI-supported recommendations to make consequential decisions. Ultimately, collecting data is tactical, but analyzing data is strategical.

Data-driven smart solutions lead companies to implement a specific strategy by measuring its effectiveness or apprehending the problems’ causes. This way, smart waste management technologies support decision-making processes and ensure operational excellence.

How Can Asset Tracking Improve Business Development?

Many companies have been using asset tracking for numerous years due to its effectiveness and growth potential. It is amongst the main factors leading to a successful business. Some of the reasons that companies implement asset tracking technologies in their operations are as follows:

• Less total managerial time spent
• Eliminating overflows or asset losses to increase customer satisfaction
• Tracking whole assets to prevent them from being damaged or misplaced
• Organizing stock planning and anticipating upcoming schedules
• Increasing total control over assets in detail

These gains and their variants are the summary of what the asset tracking system should provide. However, most systems cannot do this in a customizable and cost-effective way. Luckily, there is a way to reach your business growth potential and effective waste management techniques, Evreka products for asset tracking!

Leading Asset Tracking Technologies: Evreka

As a prominent member of asset tracking IoT companies, Evreka provides what you need to track your asset. Evreka solution family is always up-to-date and can be easily onboarded to use cases. Hence, you will have all the details about the various assets for the right decisions. Evreka asset tracking system provides comprehensive solutions to enable you to:

• Track your asset’s location and movements with GPS asset tracking device and RFID asset tracking system.
• Control the status, fill level, and temperature.
• Optimize the asset lifecycle.
• Plan maintenance schedules.
• Build reports with user-friendly interfaces.
• Specialize in information flow from multiple data sources.
• Optimize incident management with details and alarms like how it was damaged.
• Have operational insights with real-time data, such as supplier, color, and purchase date of fullness.
• Create a seamless interactive communication network between users.
• Allocate resources efficiently.
• Prevent unscheduled downtime or stock-out problems by learning how to manage inventory.
• Cost, time, energy, and fuel-efficient waste operations for sustainability with the integration of other Evreka products!