Jul 21, 2021Every year, companies lose millions of dollars, thanks to the multitude of errors made and the thousands of employee hours spent managing valuable assets, often with very different life cycles. Why? Because they remain wedded to manual asset tracking systems like paper records and digital spreadsheets that require human input, which leads to human error.
Organizations of all types and sizes across many industries are moving beyond manual tracking methods to invest in a real-time location system (RTLS), which often improve tracking accuracy by more than 90 percent while increasing staff efficiency by as much as 75 percent. This white paper spells out the seven costs you need to consider when choosing an RTLS and how to minimize those costs.