Saturday, August 26, 2017

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.

Due to dynamism in assets formation and sizes, these tags also have changed in order to fit in each and every aspect, style, shape or size. Mobile equipment, small but valuable or even important but less valuable equipment have increased. Therefore tags of different nature such as tamper proof have been made in order to fit each and every field.

Tracking has now become a role or a function of a label. This becomes very important aspect since the tool can be easily tracked or traced to its location. For example, if the tool is placed in a crib and it is forgotten, it is very easy for a person to track it and retrieve it back to a site of construction. They help in locating equipment so that they are kept in safe custody. But the label should never be removed for that matter if you want to track the equipment.

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.

Customers in this case benefit a lot as they do not have to spend their time waiting for identification of what they need. The price is tagged also and incorporated in the barcode therefore monetary calculations are direct from the reader. This reduces any waste of time as well as preventing overcharging by some attendants as well as preventing stealing. This also benefits the organization by realizing much profit.




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