How to Properly Utilize Your Inventory and Asset Tags

BY Rowena Taylor

Inventory and Asset TagsHaving inventory and asset tags is not enough, if you want to be able to keep track of your assets and stocks properly. You need to have a system in place in order to maximize on the usability of your asset tags. If you simply have these tags made and attach them to any of your assets without putting much thought into creating a solid process for tracking, your tags will not be as effective as they should be.

To help you maximize the usage of your inventory and asset tags, here are some tips that may prove useful:

Try to order your tags in different colors for your different needs – whether it is to help differentiate one type of product from another, or to separate the assets of one department from the next, color coding your asset tags is a good idea to use. Have a different color for each department, or for each type of asset, in order for you to better keep track of what your company needs to keep track of. Color coding not only makes it easier for you to track everything your company has but it can also help you organize your inventory according to tags without needing to wonder whether an item belongs to a specific group or not.

Use barcoded asset tags for faster record keeping and tracking – barcodes are a great way for you to keep track of inventory faster and more effectively. While the initial implementation may seem rather tedious since you will need to scan each and every code into your system and then sort these according to how you want these sorted, once the system is in place, all you will need to do is to scan the codes on these tags when you need to check your inventory and the computer that the barcode scanner is linked to will do the rest.

Choose the tag material according to the kind of assets you have – if most of what your company owns, or the inventory and assets that you have, end up being exposed to the elements, it might be a good idea to get tags that can last in such conditions. There are some tags you can use that are made out of aluminum foil that may be great for outdoor usage, however if you need tags that can also withstand abrasions, rough handling and other similar situations, it might be better if you chose tags made out of metal, like stainless steel or bronze.

Inventory and asset tags that are made out of metal are great for use with heavy equipment and power tools since these can withstand any type of situation. Whether these are exposed to chemicals or dirt, or simply used in areas where the use of a sticker tag is not ideal, metal tags for inventory and tracking purposes should be greatly considered. Just like their sticker counterparts, these tags can also carry spaces for you to write on, barcodes, numbering and many other features that asset tags are supposed to have. These can be attached with the use of heavy duty adhesives, or if you want these to really adhere to your items without fear of anyone removing them, whether accidentally or not, you might want to consider attaching these via rivets or screws.

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