Capital goods are physical assets that a company uses in the production process to manufacture products and services that consumers will later use. Capital goods include buildings, machinery, equipment, vehicles, and tools. Capital goods are not finished goods, instead, they are used to make finished goods.

All techniques have their own benefits for example GPS is one the best technique for outdoor tracking but it is not effective indoor tracking. Therefore, the best technology varies according to business requirements.

For asset tracking, a unique asset code is assigned to each asset, and that unique code assists in tracking. For example, a Barcode/QRCode or RFID, Low Frequency Bluetooth label is attached to an asset, this barcode contains a unique number, when this label is scanned then it provides information about the asset.

If an organization is not equipped with asset management software then asset theft, over maintenance or under maintenance of the asset, daily operation hindrance etc. is some of the possibility that can occur.