Case Study: University of North Carolina System reduces asset shrinkage and improves tracking with GoCodes Asset Tracking

University of North Carolina System cuts asset shrinkage 25% to 30% with GoCodes

The University of North Carolina System faced significant challenges in managing over 40,000 assets across its halls of residence. They relied on inefficient spreadsheets and spot checks, which led to asset loss, theft, and inaccurate data, making budgeting and compliance with federal funding requirements difficult. To address this, they partnered with GoCodes to implement its asset tracking solution.

GoCodes provided a comprehensive system using customized QR code tags and a mobile app, enabling real-time tracking and management. The solution delivered a 25% to 30% annual reduction in asset shrinkage, saving approximately $200,000 per year. It also provided precise data for audits, allowed the university to use asset condition as bank collateral, and ensured full transparency for Title 2 and 3 funding compliance.

University of North Carolina System