You keep track of your employees, asking them to clock in and out each day. So why aren’t you tracking your physical assets?
Whether it’s laptops or drills, paintbrushes or PPE, the state of your company’s assets affects your bottom line. That’s why it’s crucial to understand where they are and when they need to be updated or repaired.
What are asset tags?
Asset labels or tags are typically labels with a barcode that work alongside a piece of management software. They allow you to monitor and track your physical assets.
Why should I be using asset tags?
Asset tags maximise cost efficiency
Whether your business has a dozen or a thousand physical assets, asset tagging gives you greater control over cost efficiency.
It’s a simple way of protecting your investment. From purchase to disposal, your physical assets may need to be updated, repaired or redeployed. Asset tracking allows you to trace your asset’s journey, control its location and plan ahead for lifecycle management.
This has the added bonus of making your employees as productive as possible. Asset tagging means you are able to ensure they have the right resources to do their job. Furthermore, you can plan ahead to update and repair the asset, rather than having to react to an asset failing— which can be costly both in time and money.
They help to prevent theft
Tagging your property has a threefold benefit. It deters thieves who see your property as a quick way of making money. A registered piece of kit is a much riskier bet than an asset that’s unregistered.
Tagging also ensures ownership is registered with the property, so if the worst does happen and an asset goes missing, you have all the relevant information on file to prove you owned it in the first place.
Finally, some asset tags also contain inbuilt anti-theft measures, such as leaving an anti-tamper stain on the product. This makes it a lot harder for thieves to resell your property and therefore acts as a deterrent.
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