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Asset Tracking Software with Asset Lifecycle Management (2026)

Last updated: April 2026

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Why is asset lifecycle management important for asset tracking software users?

Based on GetApp's analysis of verified user reviews collected between July 2021 and August 2024.

Asset lifecycle management automates and simplifies tracking assets from acquisition to disposal. It improves accuracy, monitors depreciation, anticipates replacements, and aids in budgeting, ensuring efficient and compliant asset management. Of the 64 reviewers who rated asset lifecycle management, 81% rated this feature as important or highly important.

Key features of asset tracking software based on insights from 2093 verified reviews

Inventory Tracking: Users track equipment models, locations, and status, aiding in loss prevention, maintenance planning, and cost control. 92% of reviewers rated this feature as important or highly important.
Inventory Management: Reviewers emphasize the ease of managing parts, setting reorder points, and handling multi-location inventory efficiently. 91% of reviewers rated this feature as important or highly important.
Equipment Tracking: Users value the ability to monitor equipment condition, location, and usage, aiding in maintenance and compliance. 90% of reviewers rated this feature as important or highly important.
Check-in/Check-out: Reviewers appreciate tracking asset movement, ensuring accountability, and using barcode/QR codes for efficiency. 87% of reviewers rated this feature as important or highly important.
Work Order Management: Users highlight streamlined creation, assignment, and tracking of work orders, enhancing maintenance and resource management. 84% of reviewers rated this feature as important or highly important.
Mobile Access: Mobile access allows real-time inventory and work order management in the field, boosting efficiency and communication. 80% of reviewers rated this feature as important or highly important.