Asset Management

Complete Lifecycle Management—Track, Maintain, Optimize, Retire

The Problem

Assets like returnable containers, tools, equipment, fixed assets (machines, fire extinguishers), and vehicles represent significant capital investment. Without comprehensive management, you face:

  • Lost or misplaced assets leading to unnecessary purchases
  • Manual tracking that's time-consuming and error-prone
  • Theft and unauthorized movement going undetected
  • Poor utilization because you don't know where assets are or how they're being used
  • Reactive maintenance causing unexpected downtime
  • No audit trail for asset transfers, maintenance, or disposal
  • Compliance risks from missing asset registers and maintenance records

You need more than just tracking—you need complete asset lifecycle management.

The IoTReady Solution: Complete Asset Lifecycle Management

From acquisition to write-off—manage every aspect of your physical assets in one integrated platform

1. Track Location & Movement

Real-time visibility of asset location across zones, buildings, and facilities. Automated check-in/out at gates and zones.

2. Manage Maintenance

Schedule preventive maintenance, track service history, log repairs, and ensure compliance with maintenance SOPs.

3. Optimize Utilization

Identify underused assets, measure usage patterns, optimize asset pool size, and reduce unnecessary purchases.

4. Handle Transfers & Custody

Track asset transfers between locations, departments, or personnel. Complete custody chain for audit compliance.

5. Prevent Theft & Loss

Instant alerts for unauthorized movements. Geofencing and SOP-based theft prevention.

6. Manage Write-Offs & Disposal

Track asset depreciation, manage end-of-life processes, document disposal, and maintain audit trails.

Technology Options

We match the right technology to your specific tracking needs

RFID (UHF)

Range: Up to 10 meters

Best for: Bulk reading of containers, tools, and equipment

Benefits: No line-of-sight required, read hundreds of tags simultaneously, works through materials

Use cases: Returnable crates, tool tracking, inventory verification

BLE Beacons

Range: 10-50 meters

Best for: Indoor location tracking with battery-powered tags

Benefits: Low power consumption, continuous tracking, zone-level accuracy

Use cases: Personnel tracking, equipment monitoring, warehouse zones

UWB (Ultra-Wideband)

Range: Up to 200 meters

Best for: Precise indoor positioning (sub-meter accuracy)

Benefits: Real-time location, centimeter-level accuracy, works in dense environments

Use cases: Forklifts, AGVs, high-value equipment, safety zones

GPS Trackers

Range: Unlimited (outdoor)

Best for: Vehicles and assets moving between facilities

Benefits: Wide-area tracking, geofencing, route optimization

Use cases: Trucks, containers in transit, field equipment

Real-World Results

BigBasket

Returnable Crate Tracking

Tracks 2.5 million returnable crates and pallets across 670+ locations (40 sourcing centers, 30 fulfillment centers, 600+ dark stores) using QR codes. Reduced asset losses by 30%.

Read full story →

Go Desi

Crates and Pallets Tracking

Tracks returnable crates and pallets across production and distribution. QR-based tracking ensures assets are returned and reused efficiently.

Read full story →

The Complete Asset Management Lifecycle

We manage assets from acquisition to disposal—not just location tracking

1. Acquisition & Registration

Tag assets (QR, RFID, or BLE) at procurement. Capture purchase details, vendor info, warranty period. Create digital asset register.

2. Location & Movement Tracking

Monitor real-time location across zones, buildings, and facilities. Automated check-in/out. Track custody changes and transfers between departments.

3. Utilization Monitoring

Measure actual usage—hours operated, trips completed, idle time. Identify underutilized assets. Optimize fleet size based on real data.

4. Maintenance Management

Schedule preventive maintenance based on usage hours or calendar. Log service history, repairs, and spare parts. Ensure compliance with maintenance SOPs.

5. Depreciation & Financial Tracking

Track asset value over time. Calculate depreciation based on usage or age. Integrate with financial systems for accurate asset valuation.

6. Write-Off & Disposal

Manage end-of-life processes—retirement, disposal, or resale. Document write-off approvals. Maintain complete audit trail for compliance.

How We Implement

1. Define "Unit of Traceability"

We help you identify what to track—individual assets (high-value equipment), product carriers (crates, pallets), or mobile assets (forklifts, vehicles). Choose the right technology based on asset value, quantity, and tracking frequency.

2. Pilot Deployment

Start with one zone or asset type. Tag assets, install readers, configure workflows. Go live in days, not months.

3. Validate ROI

Measure asset recovery rate, utilization improvement, maintenance cost reduction. Prove value before scaling.

4. Scale Across Facilities

Roll out proven configuration to all locations. Consistent workflows, centralized visibility.

Business Impact

30-50%

Reduction in Asset Losses

From theft, misplacement, and damage

80%

Time Savings

Less time searching for assets

25%

Better Utilization

Optimize asset pool size

100%

Visibility

Know where every asset is, always

Frequently Asked Questions

How long does it take to deploy asset tracking? ▼
Typically days to weeks, not months. We start with a pilot (one zone or asset type) that goes live in 3-7 days. After validating ROI, we scale to additional locations using the proven configuration. Most customers are fully operational across multiple facilities within 2-4 weeks.
What technologies do you support for asset tracking? ▼
We support RFID (UHF) for bulk reading, BLE beacons for indoor location tracking, UWB for precise positioning (sub-meter accuracy), GPS for outdoor tracking, and QR codes for cost-effective identification. We help you choose the right technology based on your asset types, tracking frequency, and accuracy requirements.
Does IoTReady integrate with our ERP system? ▼
Yes. We integrate with SAP, ERPNext, Zoho, Tally, and other ERP systems via APIs. Asset movements, maintenance records, and depreciation data sync automatically to your ERP. See our ERP integration pages for technical details.
Can we track different types of assets with the same platform? ▼
Absolutely. Our platform handles returnable containers, tools, equipment, vehicles, fixed assets (machines, fire extinguishers, etc.), and personnel—all in one system. Each asset type can use different tracking technologies (RFID, BLE, GPS, QR codes) based on what makes sense operationally. Fixed assets include maintenance schedule management. Unified dashboards give you visibility across all asset categories.
What's the typical ROI for asset tracking? ▼
Most customers see 30-50% reduction in asset losses (theft, misplacement, damage), 80% time savings searching for assets, and 25% better utilization (optimizing fleet size). ROI is typically realized within 3-6 months through reduced asset purchases, lower idle time, and improved utilization.
How scalable is the platform? ▼
Built for scale from day one. We handle 1000s of requests per second and millions of transactions daily. Currently deployed at 1500+ warehouses and factories. Examples: BigBasket tracks 2.5 million crates across 670+ locations, Vedanta tracks materials across multiple smelter facilities. Multi-location visibility comes standard.
Can we customize tracking workflows ourselves? ▼
Yes. Our low-code platform allows operations teams to modify workflows with ~20 lines of Python. No need to wait for developers. Configure activity types (check-in, check-out, maintenance, transfer) to match your SOPs. Changes deploy in minutes, not weeks.
What if we already have RFID or barcode readers? ▼
Our platform auto-detects any handheld RFID or barcode HHT by make and model. Use your existing hardware or ours—no vendor lock-in. We also manufacture our own readers if you need new hardware.
How do you handle preventive maintenance scheduling? ▼
Maintenance can be scheduled based on usage hours, calendar time, or custom triggers. Perfect for both mobile assets (forklifts, vehicles) and fixed assets (machines, fire extinguishers requiring periodic inspections). The system alerts operators when maintenance is due, logs service history, tracks spare parts, and ensures compliance with maintenance SOPs and regulatory requirements. All maintenance records integrate with your ERP for financial tracking.
What about data security and compliance? ▼
We support on-premise deployments for sensitive environments, encryption at rest and in transit, and role-based access controls. Complete audit trails for asset transfers, maintenance, and disposal. Compliant with industry standards for data security.

Ready to Track Your Assets?

Let's discuss which tracking technology fits your operational needs and asset types

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