What does 'Asset Tracking' mean?

Asset tracking is a crucial feature that is commonly found in software designed for businesses and organizations. Simply put, asset tracking is the process of monitoring and managing physical assets, such as equipment, machinery, vehicles, and inventory. It involves keeping track of these assets at all times, from the moment they are acquired till they reach the end of their lifecycle. One of the main reasons why asset tracking is so important is that it allows organizations to have better control over their assets. With this feature, businesses