GPS Asset Tracking is a way to track assets such as a phone or vehicle by using GPS or a barcode which will then display the location of the item to the user.

Companies may use this technology while tracking objects or people through maps in order to manage their assets in which they have a stake in. With a sim card placed into something such as a phone, the GPRS technology will then track with GPS and send the information received to the user of the equipment.

In order to track fleets for products, a company would use fleet management software that has asset tracking. This can be integrated into ERP software. Other things that this asset tracking software can do is create what is called an asset tree, which will display exactly on a chart where the assets are located.

With growing needs of companies requiring more and more technology it is becoming common for many different organizations to use them. They use it because they can have a better handle on what assets they have, how many, and where they are.

Companies utilize this technology so that they may have a better sense of what they require in terms of materials, products, and the like. Without this technology to assist them, they would have to manually try to figure out these locations which would be quite difficult and in some cases, impossible.

With the ever growing advancement of technology, it has enabled businesses, both big and small to manage and track their assets in ways that in the past would not be possible. This is the main reason why things have become much more advanced and developed for even small business.