TrackAbout Linked Exchange allows your company to share asset information with partners in your supply chain who also use TrackAbout, enabling both organizations to see the exchange of assets between facilities.
Typically, your partners keep their own records of deliveries and returns in their asset management system. When you make a delivery, the partner manually records the properties of every asset they receive. This includes the type of asset, who owns it, when it was delivered, its lot number and other key properties. Even though you already entered this information into your TrackAbout system, your partner must manually key it into their tracking system. Often, their records don’t match yours which can cause a number of disputes.
When both you and your partner use the assets exchange management software, Linked Exchange shares asset information between the two independent TrackAbout tracking systems. Redundancy of re-initializing assets is eliminated as they move from one organization to another and the receiving entity doesn’t have to duplicate the effort of labeling and classifying assets. Information is entered into the shared system one time and it is re-usable by independent companies throughout the common supply chain.
Linked Exchange is recommended for these common situations:
When you scan deliveries made to your partner, the assets show up in their TrackAbout system already tagged with barcodes and with all of their properties already set. This saves your partner all of the time of adding assets to their system. All they need to do is scan these assets as they process deliveries and returns. Also, Linked Exchange enables both systems to use the same tracking label (barcode or RFID tag) so that multiple labels are not affixed to the same asset.
With Linked Exchange, asset balances are more accurate as both you and your partner reference the same set of data. If disputes arise, they can be addressed and fixed quickly. Your partner will appreciate doing business with you because they’ll spend less time resolving inaccuracies and more time managing their business.
Sharing asset information increases the connections between you and your partner and strengthens your relationship. Your partner will be hesitant to find a different supplier as they would experience a decrease in efficiency by having to regress to manually keying tracking information.
Even though data is shared between TrackAbout asset management systems, each system maintains a separate database with all the TrackAbout features and benefits associated with it. Only the asset’s current properties are shared. The movement history and other information about the asset’s activities are kept private and are not shared. You do not have visibility into your partner’s business, and vice versa.