Asset management has not shown the improvement in performance that the value of an asset to today’s business demands.

This is caused by several factors. One of the most important of which are the limitations of using old or no technology to verify, inspect and track the movement of assets in a business. When the number of assets in operation in the business can vary from a few to several thousand, the sheer difficulty in keeping control of assets is overwhelming. Consequently asset management is ignored by most or deflected to another person.

We will focus on two significant aspects that contribute to the reality of poor management.

Pen and Paper technology. Most enterprises still rely on maintaining asset registers by manually using clipboards. Spreadsheets listing assets and their pertinent information are almost always manually initiated or modified. The error rate obtained from manual input, often under difficult circumstances, falls far below the expected standards of accuracy.

Not Enough Resources. An inescapable practice of enterprises today is the pressure to continually reduce operating costs in order in increase profitability. This results in no one having sufficient time to manage the assets.

There is a solution available to rectify this sad state of affairs and that is TRAVIS.

TRAVIS is the solution of choice to use the best information technology accompanied by customized processes to bring asset management up to the level of other components of world class business practices.

The TRAVIS solution was conceived and implemented in several sites by TracTec.

TracTec are leading RFID specialists and have been in business for over 18 years.TRAVIS is their most recent and compelling product. It is offered as a “Software as a Service”. In addition TracTec fulfil contracts where they perform the basic tasks of verifying and inspecting assets on a regular basis.