Thursday, 24 August 2017

Important Information On 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.

The first function of these labels is to track the equipment. Usually, these tags are used in tracking where the equipment is. For instance, they are used to track the assets from the tool crib to the construction site. They are simply used to track the equipment from one room to another. However, the labels must remain with the asset over its entire life. They are basically used for check-in and for check-out.

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.

Even if certain assets are less important may be because they are less important or less expensive, an organization codes them. This is brought about by the effectiveness of these tags and the cost associated with labeling them is less as compared to buying others when they are lost. These labels prove important in terms of ownership disputes.

In some cases, color coding is used on the assets tags. Color coding is usually used for quick visual identification of department responsibility or ownership. Again, it becomes easy to identify the item to scan for a certain purpose in several assets are similar in form yet they differ in function. Also, color-labeled tags may be used instead of bar codes if the organization has limited assets.

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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