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What To Know Regarding Asset Labeling

By Kenneth Murphy


Assets in most cases are identified using uniquely serialized bar codes. These labels are mostly made of aluminum coated with anodize or polyesters with laminations. Company logos are in most cases identified using these tags. Borders contrasting to certain equipment are also labeled the same way. Actually, asset labeling reduces data entry errors as well as making it easy for identification. It makes it simple and easy to enter the data required.

Over the years, the function of these equipment labels has changed in order to accommodate more mobile, smaller and valuable assets. As a result, even the labels have changed as well to smaller, tamper-resistant and closely integrated with the equipment tracking software. Generally, these labels on equipment have various functions.

These tags are no longer used for identification alone but they are also used for other reasons such as tracking. Due to advancement in technology, they have now come up with techniques that help in tracking system and activities. This makes sure that if the equipment is stored in the wrong place, it will be retrieved to its right storage place.

In stores management and asset financing, inventory control is very crucial. These labels are used in these activities in order to value the asset worth of a person. These labels play a very important role when carrying activities such as asset auditing. When it comes to theft cases, they act as security agencies since after successful tracking, the asset will be retrieved back.

Generally, not every equipment require tagging. However, due to the many uses of these labels and tracking systems, organizations find it to be cost-saving to track other assets that are not even considered necessary. Usually, any equipment that requires some sort of monitoring such as location, maintenance, utilization planning or anything else should be labeled. On the other hand, the equipment that need ownership verification and those that could be lost, damaged or stolen should be laballed for security reasons.

Colors in these tags are coded differently. Due to different colors used, classification and categorization becomes very easy. In case there is a mix-up, it is very easy to separate the tools or assets by the help of the colors. This makes it simpler than when using the codes alone and eventually time-saving is achieved.

Machine-readable bar codes are also very popular. This makes sure that entry errors that are made by human beings when typing or entering the data are eliminated. It becomes very effective in organizations that deal with a wide variety or equipment with a lot of diversity. The barcodes provided are unique to equipment even if they look-alike.

Essentially, the process of labeling assets plays an important role in offering better services to customers. While equipment labeling reduces unnecessary spending by proper control of the assets, the end result is an increased customer satisfaction. As a result, your profits are boosted as well.




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