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Item Management ItemAware

ItemAware: A Cradle to Grave Item Management Solution

ItemAware is the asset tracking and item management solution that will last for the entirety of your assets’ lifecycle. Continue reading to learn how ItemAware can be the solution you need to track your assets from cradle to grave.

You’ve heard us say it before – time is money. No one should be expected to spend valuable resources on implementing an asset tracking and item management solution that is only applicable during its infancy. Wouldn’t you rather invest in a software that will grow with your business as opposed to regularly overhauling your technology as your needs evolve?

We’ve spent years developing our software to track items and all the associated lifecycle events, from induction to disposal, cradle to grave. This includes location changes, inspections, maintenance, calibration, and who’s touched the assets over its life.

Big or small, our technology will grow alongside your business’s ever evolving needs. Don’t pick a solution that only works for today’s minimum requirements. We encourage you to have the forethought to consider where you want your business to go and choose a software that is compatible with your goals.

Continue reading to learn how ItemAware’s adaptable software grows with your progressing needs while extending the longevity of the tools you have on hand. 

Needs Change. Your Asset Tracking and Item Management Solution Doesn’t Have To.

You should never feel restricted by your asset tracking and item management software. Your goal is to grow your business and that’s exactly what ItemAware will help you do. 

Our team of experts has designed our modern technology to be scalable. This means that your company’s size has no impact on the benefits you will see by using ItemAware. 

We get it – you have a lot of “stuff”. Wondering if your company may be too large for ItemAware to handle? Don’t think twice about it. You can rest easier knowing that our software is currently serving the US Patent and Trademark Office by tracking 130K items and saving $1.2M annually

Inspection, Maintenance, and Calibration Matters.

For many companies, their assets are the backbone of their entire business. Extend the longevity of your assets by allowing our robust software to remind you of critical inspection, maintenance, and calibration requirements while helping to ensure misplaced items are easily found. Without these critical items, normal operations could not move forward. 

For the utility and construction industries, not only are tools a requirement for most businesses, but they are generally not easily or affordably replaceable, especially considering current supply chain disruptions. 

Tools and equipment, like almost every other product in life, require regular maintenance to extend usability. It is no secret that assets can quickly lose their functionality if not properly cared for. But keeping track of inspection, maintenance, and calibration deadlines for every piece of equipment can be a full-time job all on its own. Most businesses don’t have the time or staffing available to dedicate to keeping fully updated maintenance records – but who can afford not to? Partner with us so that we can help take the headache out of this tedious task. 

ItemAware can track your inspection, calibration, and maintenance due dates conveniently within our app. You should not have to search through piles of paperwork in hopes of reminding yourself of when your equipment was last serviced. ItemAware allows you to setup service alerts that will automatically remind you of critical due dates. How much time and stress would you save by eliminating the need to recall maintenance records?

Inspection, maintenance, and calibration are critical, and compliance is non-negotiable. Worker compensation settlements are both costly and time consuming. Your cost of doing business should not include an expensive settlement. Keep your workers safe and protect your bottom line by using our software to stay up to date on all your important maintenance and compliance needs. 

Investing in ItemAware allows you to extend the durability and lifespan of your tools while making certain that your team always has the equipment they need to get the job done right the first time. We are confident that you will see the benefits of using our robust software for years to come. Don’t let a mediocre product limit the amount of business you can take on. Instead, invest in ItemAware so that you can confidently take on new business without the worry of broken or misplaced tools

Don’t Let Human Error Be What You Are Counting On.

Whether or not you realize it, you are relying on something. If you aren’t proactive about your asset tracking and item management solution, then what you are likely counting on is human error. 

Manual tracking and updating item information is both time-consuming and prone to mistakes, resulting in lost time, effort, and money. ItemAware changes that story by automating the process. 

One of our clients reiterates this concept by saying, “[w]ith automated asset tracking and management, we can spend less time thinking about where things are and more time planning for future requirements.” – Tom King PMP, Office of Administrative Services, US Patent & Trademark Office.

Did you know the utility industry estimates a 30% annual loss rate of tools: i.e., upwards of $900,000,000 “lost” items annually? If you know what inventory you have then you can better keep track of items when they are misplaced. ItemAware allows your assets to be fully traceable – meaning that our technology will keep a history of the item’s current and last known locations. Don’t replace items that aren’t truly lost simply because you don’t have a platform to track your assets’ location. 

We Are Here to Help.

The lifecycle of an asset can be extended if you have the appropriate technology in place. ItemAware is the exact software you have been looking for to save wasted effort, time, and money spent on unnecessarily replacing equipment prematurely. Our team of experts can help tailor our cutting-edge product to meet your needs while giving you the flexibility to grow with future business. 

We are here to help you. Get started today by requesting a free 30-minute demo with one of our knowledgeable representatives.

About the Author

Jessica Frye is an expert content writer with 7+ years of professional writing experience. She earned her B.A. in Communication Studies from Wright State University and has worked alongside companies in both the for-profit and non-profit sectors. Jessica is passionate about community and enjoys using the power of words to not only cause people to react but to take initiative.

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ItemAware Software

ItemAware: Primed for Growth as Use Cases Continue to Rise

The Dayton Business Journal recently released an article highlighting the key benefits of Aware Innovations’ groundbreaking automatic identification and data capture (AIDC) software, ItemAware. This article also spoke to the rapid growth Aware Innovations has been experiencing as more clients discovered uses as well as the cost-savings benefits of our innovative technology.

Continue reading to learn more about the history and future of Aware Innovation’s robust software, ItemAware.

A Brief History

Aware Innovations, founded in 2021, employs a team of 15 people with 50 years of combined experience in the IT industry. Our company originally began as an IT contracting company, Evanhoe and Associates, that primarily served the government sector. Eventually, Evanhoe and Associates discovered a unique opportunity for innovation in the field of AIDC and began specializing in this field. A new inventive software known as ItemAware was developed by our team to meet the growing asset tracking and inventory management needs across several industries.

Aware Innovations was born out of Evanhoe and Associates and began doing business earlier this year. The parent company, focused on providing IT services to the government sector, was ultimately sold as was the building that held the company’s previous headquarters.

A Future Worth Working For

Our history is a solid foundation that has prepared our team for the next steps in Aware Innovations future.

Chuck Evanhoe, President and CEO of Aware Innovations, stated, “[w]e’re poised for what we hope will be explosive growth because we are solving a unique set of problems. [i]t’s a huge market.”

In preparation for this growth, Aware Innovations has recently moved our headquarters to a 4,000 square foot facility in West Carrollton. Our new expansive office space even allows our team to test the capabilities of our asset tracking software within our building.

Aware Innovations recently moved to a 4,000 square foot facility in West Carrollton, Ohio.

There are seemingly endless profitable opportunities in the AIDC industry but what makes ItemAware unique in its offerings? Our modern software continually outperforms our competition because our team has been meticulous in evaluating the use cases for AIDC software and has designed our technology to solve the distinctive challenges faced by several industries.

Continue reading to learn more about who is using ItemAware as well has how our tool tracking and inventory management software has revolutionized the AIDC industry.

The Who and Why Behind ItemAware

In case you missed it, last month’s blog post was dedicated solely to highlighting a customer’s experience using ItemAware. We believe our customer’s experiences are important to share because they speak to the real-world benefits gained from implementing our software.

Listed below is a brief synopsis of the client testimonial shared last month.

Ring Power Utility Equipment began a pilot program last year with South Florida utility contractor, Concurrent Group. Concurrent Group then partnered with our team of experts to meet their tool tracking and inventory management needs. Since adopting ItemAware, Concurrent has reduced their asset bleed by significantly decreasing the number of tools and equipment lost.

Additional benefits Concurrent discovered by using ItemAware include:

  • Their fleet managers have become empowered by their level of control and visibility to track equipment in real time.
  • Employees are now held accountable for lost or misplaced tools since ItemAware tracks the last known location of assets.
  • After implementing ItemAware, Concurrent found $175,000 of duplicate tools. This cost savings helped the company re-focus their budget on much more profitable goals.
  • The ease of software implementation allowed Concurrent to get back to focusing on the job at hand.

Click here to watch a short video that further highlights Concurrent’s seamless experience both implementing and actively using ItemAware.

ItemAware: The Exact AIDC Solution You Have Been Looking For

You’ve heard about the substantial benefits of ItemAware from a client perspective but now it’s time for our team to share what makes us proud to boast in our modern technology.

Scalable

Firstly, ItemAware is fully customizable to meet your exact needs. Our robust software isn’t just meant for large corporations.  With ItemAware, size really doesn’t matter. Big or small, our software is capable of growing with you and your needs.

Mobile

We know that you don’t have time to be stuck inside of your office all day, so we made our technology mobile friendly. Because life is always on-the-go, ItemAware is fully functional on your phone and works on both iOS and Android operating systems.

Reliable

Who has time for virtual “hiccups”? We know you don’t – you have much more important tasks that don’t involve waiting on your technology to cooperate. At ItemAware, we perform rigorous testing and continual maintenance to ensure our software is always reliable when you need it most.

Easy to Use

There are few things worse than implementing a new technology only to be met with a giant learning curve. Trust us – our intuitive design and clear prompts will have you and your team back to work faster than you can imagine.

Safety Prioritized

We believe that your personal information is only yours to keep. Because of this, ItemAware includes security measures that allow you to rest easier at night.

Technology Agnostic Software

Our software is technology agnostic – it can work with whatever tech is best for your requirements. This means we can help you determine which technology is right for your use case: Internet of Things (IoT), RFID, GPS, Barcodes, Ultra-Wideband (UWB), Bluetooth (BLE) or Wi-Fi.

What Are You Waiting For?

You now know how our company has evolved as well as the plans we are laying to ensure a bright and innovative future. Let us help you solve your complex tool tracking and inventory management challenges. Get started today by requesting a free 30-minute demo with one of our knowledgeable representatives.

We cannot wait to partner with you and your team to make your tool tracking and inventory management challenges a thing of the past.

About the Author

Jessica Frye is an expert content writer with 7+ years of professional writing experience. She earned her B.A. in Communication Studies from Wright State University and has worked alongside companies in both the for-profit and non-profit sectors. Jessica is passionate about community and enjoys using the power of words to not only cause people to react but to take initiative.

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ItemAware Software

Our Customers Say It Best: How ItemAware Has Transformed Concurrent’s Asset Tracking Processes

To provide more customers with new and innovative solutions, Aware Innovations has partnered with Ring Power Utility Equipment to offer a groundbreaking product known as ItemAware to increase compliance and productivity while reducing losses. Read more below to learn more about this partnership.

Testimonials speak volumes. At Aware Innovations, we are always excited to share how our innovative software has revolutionized the asset tracking and inventory management fields. Although you have heard about how our modern technology can transform your tool tracking processes from us, we want you to hear it from a client’s perspective. For this reason, we are dedicating this month’s blog post to highlighting a customer’s experience using ItemAware.

To begin, we will briefly define what ItemAware is as well as outline the benefits of implementing this cutting-edge technology. Once a clear understanding of product features has been established, we will share an insider’s experience using our intuitive software.

Continue reading to learn about ItemAware’s uses as well as how our asset tracking software has greatly impacted Concurrent’s bottom line.

What is ItemAware?

ItemAware is a unique tool and asset tracking system that uses RFID and other technologies to tag tools or other items and pair them with a beacon location (truck, shed, jobsite, etc.). The ItemAware app is then used to see each item’s location and last-seen status in real time. Clicking on individual items gives the user a detailed history of the item including locations, manufacturer and more.

See the graphic below to view exactly how assets are tracked within ItemAware’s app.

ItemAware prioritizes precision. Tools located just outside a truck or on a job site will not be listed as being on the truck. The ability to know the exact location of equipment cuts down on time spent looking for tools as well as the cost of replacing tools that aren’t actually lost.

Compliance isn’t an area you want to overlook. Failure to remain OSHA compliant can result in significant financial penalties as well as unwanted legal issues for your company. Prevent these fines by allowing ItemAware to aid in keeping safety-related gear current with inspections – an important aspect of compliance in the utility industry.

Accounting for items regularly helps prevent loss while simultaneously allowing for smoother transitions between shifts. With ItemAware, we give you the power and visibility to make intelligent decisions by providing improved process, supply chain and asset visibility through innovative and modern solutions. This enables automated data collection, analysis, and notification – subsequently giving you the flexibility and knowledge required to make informed business decisions.

Ring Power Utility Equipment and Their Relationship with Concurrent Group

Ring Power Utility Equipment is a proud dealer for Terex Utilities along with other premier manufacturers of utility equipment such as Patriot Equipment, Spiradrill, Vac-Con, Brooks Brothers, Palfinger, Skylift, Prinoth, Manitex and National Crane. Ring Power also offers full parts and service on all makes and models of utility equipment, as well as a full range of utility industry tools. Ring Power Utility Equipment’s mission statement is, “[t]o provide innovative solutions at the highest standard through honest and professional relationships.”

Ring Power Utility Equipment began a pilot program last year with South Florida utility contractor, Concurrent Group.

Concurrent’s Experience with ItemAware

Did you know that tool loss in the utility industry is estimated at 30% annually, a value of approximately $900,000,000? Since adopting the ItemAware technology, Concurrent has seen a marked decrease in lost tool assets. Our intuitive software has helped Concurrent reduce asset bleed by giving their fleet managers more control and visibility of tools and equipment in real time.

See the graphic below to view the manager’s screen in the ItemAware app.

A representative from Concurrent Group described just how ItemAware has revolutionized the company’s ability to track essential tools and equipment.

“As they move around from truck to truck, we’re able to hold those accountable that had borrowed a tool, but also reduce the amount of tools that we’re replacing,” said Steve Sarno, VP Power Delivery and Principle at Concurrent Group, “This was the first system that worked.”

Steve Sarno also went on to say, “After implementing the system [ItemAware], I found $175,000 of duplicate tools.” This huge cost savings has not only allowed Concurrent Group to protect their bottom line but has also given them the ability to focus on their most profitable goals.

With the success of the pilot program at Concurrent, Aware Innovations and Ring Power Utility Equipment have begun pilot program discussions with two other major utility contractors in the state of Florida.

Mike Beauregard, Senior Vice President and Director of Utilities, Crane and Truck at Ring Power Corporation, describes ItemAware as “technology [that] far surpasses anything major that has come to the industry in a while.”

Concurrent further noted the ease of software installation. Because we know that you don’t have time to waste waiting, our team of qualified professionals work around the clock to ensure that you have the software in place when you need it most.

Click here to watch a short video that further highlights Concurrent’s seamless experience both implementing and actively using ItemAware.

ItemAware – Never Lose Track of Your Assets Again

This success story is just one of many that prove the value of our asset tracking and inventory management system, ItemAware.

At Aware Innovations, we believe in delivering a product that not only works well but also far exceeds the capabilities of other software products on the market. Our modern, intuitive software allows you to predict issues, reduce theft and flag items that need repair before they interrupt your work cycle. Think of the time you would save if you could eliminate the need for manual asset tracking.

We are here to help you. Get started today by requesting a free 30-minute demo with one of our knowledgeable representatives.

About the Author

Jessica Frye is an expert content writer with 7+ years of professional writing experience. She earned her B.A. in Communication Studies from Wright State University and has worked alongside companies in both the for-profit and non-profit sectors. Jessica is passionate about community and enjoys using the power of words to not only cause people to react but to take initiative.

Categories
Inventory Management ItemAware

ItemAware – The Inventory Management System That Outperforms Competition

ItemAware is the cutting-edge tool tracking and inventory management system with GPS functionality that saves you both time and money. Read more below to learn why our system continually outperforms our competitors.

Healthy Competition

Competition is a natural part of business. Without it, companies wouldn’t be motivated to be innovative, client-focused, and forward thinking. Healthy competition is to the benefit of consumers because it pushes businesses to revolutionize industries as they look for ways to stand out among the crowd.

At Aware Innovations, we are not naïve to our competitors’ offerings. We can appreciate their efforts as we continually seek to pioneer the inventory management system and tool tracking industries. Our team of experts continually evaluate the capabilities of our competitors’ products to ensure that our robust software remains at the forefront.

Continue reading to discover how ItemAware reduces manpower requirements, prioritizes innovation, stores data, and offers other advanced capabilities.

ItemAware Capabilities

Level of Effort

Time is an invaluable, and often costly, resource that most companies cannot afford to waste. Knowing this, why would you invest in a system that involves manual labor when you can lighten your workload by using our time-saving software? You would be taking on more physical work if you choose to use our competitor’s product over ours.

Our competitor’s above referenced tool tracking and inventory management system uses BLE or barcode scanning – meaning that an asset is only tracked if a barcode is manually scanned or a device with their proprietary BLE application is nearby. The manual effort of barcode scanning or the crowdsourcing needed for BLE implies that you will be paying your employees to operate a barcode or BLE app while scanning or being near each box and asset individually. This does not help you understand where all your items were last located.

Human error happens. If you are relying on manual scanning, it is not only possible, but likely, that there will be mistakes hidden within your inventory management system. Meanwhile, you will only become aware of lost or misplaced tools at the time the user does their inventory. Could you imagine the headache of attempting to track down misplaced equipment at the end of an employee’s shift? This would only be further exasperated if your common practice is for workers to visit multiple jobsites throughout their workday.

ItemAware’s tool tracking software has GPS functionality and has revolutionized the way companies keep track of their inventory. Our innovative technology is always scanning to make certain that you know exactly where your tools are – whenever, wherever you need them. Furthermore, our tool tracking software is automatic, eliminating the need for expensive and time-consuming physical work.

Our inventive software will take the worry out of tool tracking. ItemAware automatically detects loss or movement of all tagged equipment in real-time with geo-location in the field. You will have instant access to view the location of all your tools. If an item is missing, ItemAware will show GPS coordinates of its last-seen location. This unique capability will save you both time and money previously spent on searching for lost tools.

Cutting Edge Technology

As mentioned above, our competitor’s software relies on either barcode or Bluetooth Low Energy (BLE) scanning. Again, this requires manual scanning or a BLE device with proprietary software to keep track of inventory. In contrast, ItemAware is technology agnostic – it can work with whatever tech is best for your requirements. This means we can help you determine which technology is right for your use case: Internet of Things (IoT), RFID, GPS, Barcodes, Ultra-Wideband (UWB), Bluetooth (BLE), or Wi-Fi.

To learn more about the technology behind a Real-Time Locating System (RTLS), read this article.

A particular area of innovation is ItemAware’s use of Radio Frequency Identification (RFID) tags.

The benefits of RFID’s ability to track item location and data include:

  • Increased supply chain efficiency
  • Reduced human errors in inventory
  • Eliminated cost of replacing lost or stolen items
  • Elevated security

As you can imagine, the benefits of RFID technology are significant – and this isn’t even an exhaustive list. At Aware Innovations, we pride ourselves on being at the forefront of innovation. We are a team of experts who designs, implements and sustains asset management and tracking solutions for enterprises of all sizes. Our team won’t stop until all your inventory management and tool tracking needs are met with ease.

Data Management

Our inventory management system goes beyond our competitor’s use of cloud-based technology to store data. ItemAware offers the flexibility to house data using a cloud-based system or it can be connected to a client’s server. Our team will work alongside you to determine which data storage method best suits your unique needs.

Have you ever needed to enter data but had no access to the internet? ItemAware eliminates the need to wait for internet access to get your job done. Our modern software can cache information even when the user is offline. This gives you the freedom to enter data whenever, wherever you are.

Alerts and Reporting

Alerts are an important part of any tool tracking and inventory management system. They serve as an extra layer of oversight – reminding you of important deadlines while simultaneously making you aware of inventory issues.

Our competitors’ software limits alerts to service reminders as well as tool tracking updates. Their platforms can notify you when your equipment has moved; however, they do not offer any further capabilities beyond this.

In comparison, ItemAware has the intelligence to take on both forementioned tasks while also reminding you of compliance and inspection deadlines. Furthermore, our robust software doesn’t just stop at alerting you when a tool has been moved. It goes a few steps further by notifying you if an item is missing or has been placed in the wrong location.

Our intuitive software also offers customizable reports as well as compliance reporting – two items that are not offered by our competitors. ItemAware allows you to prioritize worker safety and remain OSHA compliant with calibration, maintenance, and inspection due dates tracked conveniently within our software.

Failure to remain OSHA compliant can result in significant financial penalties as well as unwanted legal issues for your company. Prevent these fines while simultaneously prioritizing worker safety by allowing ItemAware to keep detailed inspection records for you.

How much time and energy would you save if you didn’t have to manually keep track of your compliance deadlines?

ItemAware – The Intelligent Software Revolutionizing the Tool Tracking and Inventory Management System Industries

At Aware Innovations, we pride ourselves on offering a premium, user-friendly product that continually outperforms our competition. Our robust software can be easily tailored to meet your unique needs while taking the headache out of tool tracking and inventory management.

We are here to help you. Get started today by requesting a free 30-minute demo with one of our knowledgeable representatives.

About the Author

Jessica Frye is an expert content writer with 7+ years of professional writing experience. She earned her B.A. in Communication Studies from Wright State University and has worked alongside companies in both the for-profit and non-profit sectors. Jessica is passionate about community and enjoys using the power of words to not only cause people to react but to take initiative.

Categories
Inventory Management ItemAware

Tool Tracking for the Utility Industry – Why You Can’t Afford Not to Use ItemAware

ItemAware is the tool tracking solution that will save you time and money. It eliminates the stress of supply chain issues, tool duplication, and theft. Continue reading to see why utility industry leaders can’t afford not to use this robust software.

Did you know that the utility industry estimates a 30% annual loss rate of tools, i.e., upwards of $900,000,000 “lost” items annually? The need to replace lost tools can quickly turn your budget upside down while simultaneously causing your team frustration. The last thing you want to deal with is a loss of revenue because you didn’t have the tools needed to effectively get the job done right the first time.

ItemAware is the exact solution you need to prevent tool loss. Our software gives you full visibility of your assets as well as all designated locations (trucks, sheds, jobsites, etc.). It’s time to stop the outflow of money spent on searching for, and often replacing, missing equipment. Invest in ItemAware today to make the worries of misplaced tools a thing of the past.

Read more below to discover how our tool tracking software will not only save you time and money but can also help you avoid the stresses of supply chain issues, tool duplication, and theft.

Prioritize Your Budget

If given the choice, wouldn’t you like to virtually eliminate the cost of lost items? ItemAware can help you do just that while also giving you time back to focus on your most profitable goals.

We’ve already shared with you that the utility industry alone estimates a 30% annual tool loss. This statistic is staggering but it doesn’t have to impact your business. You can reduce your tool loss rate to nearly zero and likely see a return on your investment within 12 months by utilizing our cutting-edge technology.

Review the graphic below to learn how ItemAware works.

Tool tracking can help your company stay within budget by locating and monitoring the location of every item being used. Stop wasting money on replacing lost equipment. Rather, invest in ItemAware to ensure that you always have the right tools on hand.

Stay on Track

Time is an invaluable resource, especially when it comes to getting a job done right the first time. You hired your team because they are experts in their field. Your company is paying them to use their professional skillset, not to spend time wasted searching for misplaced equipment. Let your workers get back to the job at hand by ensuring they have the right tools, in the right place, at the right time.

ItemAware features intuitive icons that give your workers the ability to see the exact tools they have on their trucks. Personnel with the right permissions can access views of all tools, trucks, jobsites, etc. on one screen. Our software gives your team the freedom to go to any jobsite with confidence.

Jobsites are busy and can often lead to a flurry of tools being touched by multiple hands. Without GPS tool tracking, lost equipment is almost inevitable. At the touch of finger, ItemAware gives you and your workers immediate access to see where a missing item is – whether on a truck or at the last seen location if the equipment is truly misplaced.

Avoid Supply Chain Issues

Nearly every industry is feeling the pressure of supply chain issues. Forbes reported, “[f]rom clogged ports and truck driver shortages to extreme weather, a multitude of disparate factors continue to create major breakdowns in critical organizational supply chains”. Certain tools can be almost impossible to find, especially when you are on a tight time crunch.

According to Reuters, “[s]ome utilities are facing waiting times of more than a year for transformer parts…”. Long lead times often result in lost revenue as many customers will shop around for the fastest, most efficient option. For this reason and numerous others, it’s becoming more important than ever before to keep the tools you have in order to avoid the stress and cost of replacing them.

Stop sending customers to your competitor’s doorstep simply because misplaced tools cannot be easily replaced. Better yet, invest in ItemAware to avoid tool loss almost entirely. 

Did you know that our technology allows you to view and edit an item’s status to indicate whether a tool is active, broken, in storage, etc.? These notes will not only help you keep track of specific item details but are also available wherever, whenever you need them. Avoid supply chain issues completely by using ItemAware to keep track of your most valuable assets.

Prevent Tool Duplication

It’s no secret that when you don’t know what you have, you end up replacing tools that aren’t actually lost. Duplicating your tools unnecessarily results in wasted money that could have been spent on achieving much more valuable goals.

One of our ItemAware customers can attest to this. “After implementing the system [ItemAware], I found $175,000 of duplicate tools.” – Steve Sarno, VP of Power Delivery at Concurrent Group, Customer of RingPower

What would saving $175,000 mean for your company? Use our GPS tool tracking software to avoid accidental duplication of equipment – stay lean with the tools that you need, so that you don’t waste resources on excess. 

Put an End to Theft

Your equipment is necessary for your business’ everyday operations. Without these items, your employees would not be able to put their skills to use and get the job done. At ItemAware, we know that some of your tools are high-dollar assets. But what happens when your much-needed equipment is lost due to theft?

ItemAware can help reduce theft and item misplacement with automatic scanning. At the touch of a finger, you can keep a record of when an item was moved, who inventoried it, repairs, etc. Additionally, with maps displaying last-seen locations, you can get alerts when an item goes missing.

Our GPS tool tracking software helps you narrow down people as well as places where items went missing. Let ItemAware provide you with the power and visibility to reduce tool theft.

ItemAware – Your Tool Tracking Solution

ItemAware is here for you when you need us most. Our robust technology will save you time and money while also eliminating the headaches of supply chain issues, tool duplication, and theft.

Our team would love to talk to you about how ItemAware can help your business. Get started today by requesting a free 30-minute demo with one of our knowledgeable representatives.

About the Author

Jessica Frye is an expert content writer with 7+ years of professional writing experience. She earned her B.A. in Communication Studies from Wright State University and has worked alongside companies in both the for-profit and non-profit sectors. Jessica is passionate about community and enjoys using the power of words to not only cause people to react but to take initiative.

Categories
Compliance Features Inventory Management ItemAware

ItemAware – Inventory Management Made Easy

You may have heard us talk about ItemAware but do you know how our intuitive, modern software can help you keep track of your “things” while allowing you the freedom to focus on your job at hand? Let our cutting-edge software take the headache out of inventory management.

Better yet, ItemAware doesn’t just stop at asset tracking and item management. Our innovative technology takes the stress out of compliance, prioritizes worker safety, and eliminates time spent searching for your most important equipment. Read more below about the features ItemAware can offer you including keeping detailed compliance records, real-time tool tracking, and more.

Compliance

Preserve worker safety and remain OSHA compliant with calibration, maintenance, and inspection due dates tracked conveniently within our software.

Keeping track of maintenance records coupled with inspection dates can be a job all of its own. Setup alert reminders in ItemAware to ensure that you never miss a compliance deadline again.

Worker compensation settlements are both costly and time consuming. According to the Ohio Bureau of Workers’ Compensation, “approximately 15 percent of the Ohio workers’ compensation claims among workers in the utilities industry result in losing eight days or more from work and cost an average of $46,000”. Your cost of doing business should not include a costly settlement. Keep your workers safe and protect your bottom line by using our software to stay up to date on all important maintenance needs.

ItemAware offers more than just maintenance tracking. Review the graphic below to learn more about the additional compliance benefits of ItemAware.

Failure to remain OSHA compliant can result in significant financial penalties as well as unwanted legal issues for your company. Prevent these fines while simultaneously prioritizing worker safety by allowing ItemAware to keep detailed inspection records for you.

Map View

With ItemAware, you will have a map view of all assets and their exact location. This feature allows you to drill down into each individual truck to see your equipment. At the touch of a finger, our software gives you the confidence to know right where your tools are exactly when you need them whenever, wherever you are.

The graphic below shows you how easy it is to view the location of your tools and trucks. Additionally, users can quickly glance at their mobile device and know if they have all items (green thumbs up), if an item is in the wrong location (orange thumbs up), or if any items are missing (red thumbs down).

ItemAware also makes your tools fully traceable and visible to you around the clock. Did you know the utility industry estimates a 30% annual loss rate of tools: i.e., upwards of $900,000,000 “lost” items annually? Cut down on theft and lost inventory by keeping a history of your item’s current and last known locations.

Our customers say it best. “In the time that we’ve had ItemAware running, we’ve never had to buy another tool… if we reduce our tool loss by 20%, we could save millions.”” – Current Customer, Anonymity Requested

Need to know where your trucks are located at all times? No problem. ItemAware gives you the flexibility to check the precise location of your trucks whether they are stationed in neighborhoods, driving across the country on highways, or anywhere in between. Tracking your trucks and equipment has never been so easy!

ItemAware was built with you in mind. We know that you don’t have time to waste learning how to use complicated software. Our intuitive design and clear prompts reduce the learning curve. You and your team will be up and running in no time.

Always Scanning

ItemAware is always working for you! Our system is always on, reading tools continually. This means you know the current status of each item and you do not have to rely on workers to keep inventories current. This real-time data, made available by the use of geo location in the field, is an invaluable advantage that our competitor’s software cannot offer you.

Inventory Management Simplified

Our cutting-edge software is automatic – meaning no user involvement is needed. Manual tracking and updating item information is both time-consuming and prone to human error, resulting in lost time, effort and money. ItemAware changes that story by automating the inventory process.

Time is money. Decrease your money spent and stay on track with your budget by lowering the amount of effort needed to track your inventory. Manual scanning significantly increases the number of employees you need as well as the amount of hours required to get the job done. Eliminate the burdensome task of scanning barcodes by letting ItemAware automatically – and accurately – do the job for you.

Did we mention that ItemAware is mobile-friendly? We know that you can’t be stuck behind your desk all day – with ItemAware you don’t have to be.  You can easily swipe and view all item information on your mobile device without the hassle of being tied to the office.

ItemAware – The Inventory Management Solution You’ve Been Looking For

ItemAware is the exact technology you have been looking for to save wasted effort, time, and money spent on outdated processes. Let our software take the headache out of inventory management while allowing you the chance to focus on your most profitable goals.

We are here to help you. Get started today by requesting a free 30-minute demo with one of our knowledgeable representatives.

About the Author

Jessica Frye is an expert content writer with 7+ years of professional writing experience. She earned her B.A. in Communication Studies from Wright State University and has worked alongside companies in both the for-profit and non-profit sectors. Jessica is passionate about community and enjoys using the power of words to not only cause people to react but to take initiative.

Categories
Inventory Management ItemAware RFID Software

Utility Industry Uses ItemAware for Tool Tracking

The utility industry estimates a 30% annual loss rate of tools, i.e., upwards of $900,000,000 “lost” items annually. 

Aware Innovations is excited to introduce ItemAware software to the utility industry to help eliminate the cost of lost items.

What is ItemAware?

ItemAware tracks tools, equipment and more, giving users full visibility of assets as well as all designated locations (trucks, sheds, jobsites, etc.). This allows users to know when an item is missing or has been put in the wrong location.

Tracking systems allow companies to stay nimble, react quickly and devote time and money toward actual business goals. Our software is a mobile, intuitive software that easily integrates with multiple technologies.

It can be used on your enterprise system, or we can host it for you. Designed to be flexible, ItemAware is customizable to your situation, your environment, your goals.

How it Works

  • Tag Items with right-size, durable RFID tags
  • Designate locations and assign tools to each location (truck, shed, jobsite, etc.)
  • Use the ItemAware app to see each item’s status and last-seen location
  • Click on items to see item-level details (such as history, manufacturer, and more)

Intuitive & Mobile Color-Coded Icons

ItemAware uses color-coded icons so that users can quickly glance at their mobile device and know if they have all items (green thumbs up), if an item is in the wrong location (orange thumbs up) or if any items are missing (red thumbs down).

First-Hand Experience in the Utility Industry

Concurrent Group, a customer of RingPower Utility Equipment, uses our tool tracking software and gives feedback on this cutting-edge solution on our ItemAware website. To learn more about ItemAware’s application in the Utility Industry or to request a free 30-minute demo, click here.

About the Author

Elyse Cheatwood is our Marketing Manager. With ten years in marketing and ever-increasing knowledge of the Automated Identification Data Collection (AIDC) industry, she creates research-driven content based on market trends, industry updates and tech insights from reputable sources (including the professionals she works alongside).

Categories
Compliance ItemAware RFID

Sarbanes-Oxley Compliance and RFID

RFID can help businesses pass audits and fulfill requirements imposed by the Sarbanes-Oxley act (SOX) – a law that has had drastic operational and financial impacts on U.S. companies.  

Background

Nearly twenty years ago, in 2002, the Sarbanes-Oxley Act was created to hold publicly traded companies accountable for their financial reporting.

This came after some of the U.S.’s largest companies were exposed for financial scandal. Unethical business practices and falsified financial statements landed these companies in bankruptcy – evaporating employee’s retirement plans and crumbling investor trust in corporations.1

What is Sarbanes-Oxley?

SOX implemented rigorous controls for financial reporting and auditing. This was done to ensure the accuracy of corporate disclosures, with a hefty criminal charge for non-compliance.

With the creation of SOX, companies quickly made investments in controls that would help them pass audits. However, many continue to underestimate the massive undertaking of accounting for assets and rely on a large workforce and static spreadsheets for reporting.

RFID can revolutionize this process – eliminating human error, showing asset status in real-time and being a reliable source for data.

RFID’s Role in Sarbanes-Oxley Compliance

RFID is an efficient, accessible technology that collects data from items (think medical supplies, tools, IT assets and anything in between) and provides real-time reports with item status, history, and location.

RFID can play a critical role in SOX compliance by:

  • Increasing Reporting Accuracy:
    • SOX Requirement: A company’s financial statements must be accurate to the best of the executive officer’s and chief financial officer’s knowledge.2
    • RFID Benefit: Assets play a role on a company’s financial statement – and an inaccurate count can lead to errors in reporting. Manual asset tracking is prone to human error and risks this accuracy. Automating this process with RFID diminishes that possibility as readers collect, organize, and report the data. This ensures that everything is accounted for – which can reduce loss rates by as much as 99%.
  • Disclosing in Real-Time:
    • SOX Requirement: Section 409 of the Sarbanes-Oxley act requires that material changes in a company’s financial condition or operations are required to disclose the information on an almost real-time basis (within 48 hours).3
    • RFID Benefit: Automatic data can capture supplies’ real-time information as readers read the RFID tags. This can be done with continual updates or by passive readers that scan an item any time it passes by (such as entering a new location). Software receives this information and organizes it, then feeds it to the user. Users can even get automated alerts when an item’s information changes.
  • Providing Traceable Source Data:
    • SOX Requirement: any source data in financial reports must be traceable and any changes documented.4
    • RFID: Data pulled from RFID readers is easily viewed. All changes to any assets are recorded and kept with the pertaining asset. This allows users to trace all information and keep it updated as changes occur.

Other Benefits of RFID

RFID’s features directly correlate to the SOX requirements mentioned above – but it has other ways it supports this as well:

  • Simple Reporting: RFID makes running reports incredibly easy as data is continuously updated and ready to be pulled at any time. Users can enter the parameters and get up-to-date information within minutes, rather than waiting for a manual count or referencing a previous report.
  • ERP Integration: ERP systems are often employed to help with SOX compliance. RFID software, such as ItemAware, can easily integrate with these systems making it easier to share and pull information.

Conclusion

Ensuring that your company is meeting all requirements to Sarbanes-Oxley is crucial, and RFID can make that process easier.

Index

  1. https://www.investopedia.com/terms/s/sarbanesoxleyact.asp
  2. https://isgovern.com/blog/sox-compliance-act-and-public-funding-financial-reporting/
  3. https://www.sec.gov/news/press/2003-6.htm
  4. https://learnidentityandaccessmanagement.com/sox-compliance/

About the Author

Elyse Cheatwood is our Marketing Manager. With ten years in marketing and ever-increasing knowledge of the Automated Identification Data Collection (AIDC) industry, she creates research-driven content based on market trends, industry updates and tech insights from reputable sources (including the professionals she works alongside).

Categories
ItemAware News RFID Traceability

Track IT Assets Using RFID and ItemAware

The US Patent and Trademark Office needed a new way to track IT assets. The process by which this was currently being done was taking too much time and was vulnerable to error. Read on to find out how implementing ItemAware and the use of passive UHF RFID helped them save $1.2M each year. 

Tom King, PMP, and the US Patent and Trademark Office (USPTO) won RFID Journal’s ‘Best Implementation of RFID in Other Industries’ Award in 2020. The USPTO wanted to reduce the cost of a manual process of tracking IT assets. This labor-intensive tracking process was subject to error due to the almost 1,000 people involved in tracking IT assets worth over $159,000,000. 

A New Way to Track IT Assets: Project Details 

To achieve the desired results of this project, the USPTO implemented ItemAware and the use of passive UHF RFID (RAIN) to track over 130,000 IT assets. Below are details of the project as outlined in the interview recorded by RFID Journal’s Mark Roberti. 

The United States Patent and Trademark Office has:

  • 15,000 employees
  • 8 buildings
  • Approximately 2.5 million square feet of office space
  • One main campus: Alexandria, VA
  • Four regional offices: Detroit, Denver, Dallas, San Jose

The goals of this project were as follows:

  • Reduce the number of employees tracking IT assets
  • Reduce inventory cycle time
  • Increase accuracy
  • Increase asset visibility
  • Reduce asset loss

Requirements of the project included: 

  • Minimally invasive
  • Cost effective
  • Integrate with current asset system of record

Results of using RFID and ItemAware to track IT assets:

  • $1.2M annual savings
  • Reduced Property Custodians from 804 to 275 (employees were able to get back to their real job, increasing satisfaction)
  • Reduced inventory cycle time from 10 to 5 business days each month
  • Accuracy increased 100% due to data from RFID
  • Increased asset visibility and better monitoring of contractor performance
  • Reduced asset loss to near zero

Conclusion – Track IT Assets Using RFID to Save Time and Money

Watch the video below as RFID Journal’s Mark Roberti interviews Tom King from the USPTO office about how they save over $1,000,000 every year using RFID to track IT assets. 

Read the use case on this project to get more in-depth details on how the USPTO uses ItemAware to track IT assets.

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