How would you navigate budget constraints when upgrading your facility's asset tracking technology?

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Upgrading your facility's asset tracking technology can be a daunting task, especially when faced with budget constraints. Asset tracking technology is essential for efficient facility management (FM), as it helps in monitoring and managing assets within a facility. It involves using systems like barcodes, RFID (radio-frequency identification), or GPS (global positioning system) to keep track of equipment and inventory. Navigating budget constraints requires careful planning, prioritization of needs, and exploring cost-effective solutions. This article will guide you through the process of upgrading your asset tracking technology without breaking the bank.

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