Effective asset management is essential for reducing costs, improving productivity, and maintaining compliance. Yet many organizations still struggle with outdated tools and manual processes that make it difficult to track assets accurately or plan maintenance efficiently. These challenges lead to wasted time, lost revenue, and unnecessary downtime.
The right technology can change that. With Accuviti ITM (Identify, Track, & Manage) software solution by American Barcode & RFID (AB&R), businesses can overcome today’s biggest asset management challenges through automation and smarter data-driven decision-making. For more information on how Accuviti ITM can automate your asset management, click here.
1. Inaccurate or Outdated Asset Data
-
Challenge
Keeping asset data accurate sounds simple until you are managing hundreds or thousands of assets across multiple departments, spreadsheets, and systems. It is easy for information to slip through the cracks, from missing serial numbers to outdated maintenance records, and before long, no one is completely sure what is current or correct. These small data gaps create big problems, including delayed projects, unnecessary purchases, and compliance risks. Many organizations struggle with these challenges when relying on outdated methods or disconnected systems.
-
Solution
This common issue can be solved by implementing asset identification and tracking solutions, along with software that centralizes and automates data. Accuviti ITM asset tracking software provides a single, reliable system of record that updates asset details in real time. With automated tracking and seamless integration, teams can trust their data, reduce manual effort, and make better decisions based on accurate information.
Did you Know?
Over 60% of organizations still rely on spreadsheets or manual systems to track their assets, leading to increased risks of data inaccuracies and operational inefficiencies.1
2. Lack of Visibility Across the Asset Lifecycle
-
Challenge
It can be frustrating when assets seem to disappear as they move between departments, warehouses, and job sites. Without clear visibility, managers often have no idea where equipment is, whether it is being used efficiently, or when it needs maintenance. Misplaced assets and unclear tracking can slow down workflows, create bottlenecks, and drive up unnecessary costs. Warehouse and operations teams often spend hours hunting for information that should be easy to access, taking time away from more strategic work.
-
Solution
This challenge can be addressed by implementing a comprehensive asset tracking system that provides real-time visibility across the entire lifecycle of an asset. Accuviti ITM allows teams to track every asset from procurement to retirement, with dashboards and alerts that make it easy to see location, usage, and maintenance status at a glance. With this visibility, teams can reduce loss, optimize utilization, and make faster, data-driven decisions.
3. Inefficient Maintenance and Downtime Management
-
Challenge
There is nothing worse than planning a busy day only to have equipment fail unexpectedly. One moment everything is on schedule, and the next a critical machine is down, forcing the team to scramble. Unexpected failures and downtime are some of the most frustrating challenges for warehouse and operations managers. When maintenance is always reactive, it interrupts workflows, slows down projects, and puts a strain on productivity and budgets over time. Teams often spend more time responding to issues than preventing them, which can create a cycle of inefficiency and stress.
-
Solution
This problem can be solved by implementing preventive maintenance processes supported by automated alerts and centralized tracking. Accuviti ITM helps teams schedule and manage maintenance across all assets, with real-time notifications and a full maintenance history for each piece of equipment. This allows managers to forecast maintenance needs, reduce unplanned downtime, and ensure assets are always in optimal condition.
Did you Know?
Unplanned downtime costs industrial companies an average of $125,000 per hour, with over two-thirds of businesses experiencing unplanned outages at least once a month.2
4. Poor Integration Between Systems
-
Challenge
When asset information is scattered across multiple systems, from ERP and IT platforms to facilities management software, it can feel impossible to get a clear picture of what is happening. Teams struggle to access complete data, and decision-making slows down because nobody has all the information they need at the right time. Managers often spend hours manually reconciling data or piecing together reports, which wastes time and increases the risk of costly mistakes.
-
Solution
This challenge can be solved by integrating asset management software with other key business systems. Accuviti ITM allows organizations to connect data across platforms, using APIs or built-in integrations to automate workflows and centralize asset information. With everything in one place, teams gain actionable insights faster, reduce manual effort, and make smarter, more informed decisions.
5. Compliance and Audit Difficulties
-
Challenge
Keeping up with compliance requirements can feel like a constant uphill battle. Missing records, manual documentation, and inconsistent audit trails make it difficult to prove that assets are being properly managed. The risk of non-compliance or failed audits adds stress and can have serious financial or operational consequences for the organization.
-
Solution
This challenge can be addressed by automating recordkeeping and creating digital audit trails. Accuviti ITM provides a centralized system that logs every asset transaction and maintains a complete history of activities. With automated documentation and built-in reporting, teams can simplify audits, reduce compliance risk, and ensure they are always prepared for inspections.
Did you Know?
Organizations using automated compliance tools have reported reducing audit preparation time by up to 70%, thanks to streamlined record-keeping and real-time data access.3
Next Steps for Smarter Asset Management
Effective asset management is no longer optional for companies that want to stay competitive. The challenges of inaccurate data, limited visibility, reactive maintenance, disconnected systems, and compliance risks can quickly add up and impact productivity, costs, and overall efficiency.
Solutions like Accuviti ITM help organizations overcome these challenges by providing real-time visibility, automated tracking, and centralized management of all assets. By implementing intelligent asset management software, teams can streamline workflows, reduce downtime, and make smarter, data-driven decisions.
For companies ready to take the next step, AB&R offers solutions for all barcoding and RFID needs. Whether you’re just beginning to explore RFID or ready to automate your entire asset management process, this technology has evolved from an emerging trend to an industry standard. With the right tools, teams can gain real-time visibility and control while keeping operations running smoothly and efficiently.

AB&R (American Barcode & RFID) provides end-to-end RFID and barcoding solutions that help businesses improve traceability, enhance efficiency, and strengthen compliance across every stage of operations. With over 40 years of experience in data capture, tracking, and automation, AB&R designs and deploys systems tailored to your goals. Our solutions, including automated data capture, compliance labeling, and managed services, help organizations stay mission ready while building smarter, more connected asset management processes.
Get Started Today
-
Call us at 800.281.3056
-
Visit AB&R.com to explore solutions
-
Contact our team to start building a smarter, safer supply chain today.
#AssetTracking #RFID #InventoryManagement #SupplyChain #Zebra #Brady #IoT #BarcodeTechnology #Automation