Percentage of items that are lost or stolen: For example, for every 100 hair dryers at your hotel, perhaps 4 of them, or 4%, get lost or stolen over the course of a year. If asset tracking software does its job successfully, you could reduce that percentage significantly.
Replacement expenses: Asset management software should be able to help you reduce the cost of replacing items by either alerting you as soon as items go missing or by helping you estimate the average lifecycle of an item so you can proactively reorder it.
Time savings: Key features of asset tracking software like inventory management and activity logging will take repetitive, manual tasks off your employees’ plates. You can measure success by monitoring how much time less employees spend on “busy work” and by a reduction in manual errors.