4 Ways How Inventory and Asset Tags Help Your Company

Inventory and Asset Tags       barcoded inventory and asset tags

Inventory and asset tags are viewed as mere tracking tags for helping companies keep track of their assets and their inventory. This is understandable since this is the primary purpose of such tags, but what may not be apparent to many is that, in helping keep track of assets and inventory, these do a whole lot more. What these labels and plates do to help include the following:

Reduce repair costs – when you do not keep track of your assets, you end up with equipment that get into such bad disrepair that repairing these may be very costly because of the amount of damage that was not kept in check over time. Having these asset tags on the items that your company owns, and having barcodes that carry details that can be read when scanned, will help you add information regarding preventive maintenance schedules, how many times the item has been serviced, and how long the item has been in use.

Reduce replacement costs – much like the reduction of repair costs, if you have asset tags that can be scanned for information regarding acquisition dates, repair and maintenance records, usage records, and the like, you can also help keep equipment in tiptop shape to reduce the need for replacing these. This is because you reduce the chances of such equipment breaking down to the point where you will need to have replacements purchased. This works hand-in-hand with a maintenance plan where regular checks for calibrations, upgrades, and minor tweaks are enacted to keep such equipment in good working order.

Reduces chances of equipment and asset loss – when used with a good asset and inventory tracking system, these tags help your company reduce losses from employees accidentally taking office equipment home with them. This makes it difficult for people to do their jobs when items they are dependent on to get work done suddenly disappear. Calculators, staplers, remote controls, and whatever other handy equipment that offices have to get work done should always be accounted for. When an asset tracking system paired with asset tags that help properly keep track of these is used, you will find that most of your handy equipment stay where they should stay, in your office.

Reduces overhead costs - this also reduces the chances of losing money on pilfered office inventory that can be easily put in a bag or purse, like pens, pads of paper, and even toilet paper from bathrooms. While these may seem like small change, when you add the cost of all of the missing items in the span of a few months to a year, you will find that it also amounts to quite a bit.

Share on Facebook