Tuesday 7 February 2017

Reasons You Should Consider Asset Labeling

By Mary Walker


What one of the key requirements for any manager is ensuring is ensuring the traceability and security of the products with the organization. The most convenient and common way of achieving this goal is through asset labeling. The primary form to go about this is through bar codes and sequential numbering. Asset labels make it possible to track the history of your products as it shows all the steps from purchase to disposal.

One good thing about labeling is the fact that it makes it quick and easy to identify assets. As such, you end up not spending hours or your precious minutes tracking down something that you need to complete a task. Time wastage is one thing that increases expenditure, and you end up using a lot of money. When your employees spend less time tracking down assets, productivity is realized. Labels let you quickly get to any assets in seconds.

If you are serving a heavily regulated industry, you ought to make sure that you are equipped with an efficient process to capture and report on data so that you prove compliance. Asset labeling will enable your organization to stay on top of regulatory requirements. If you want to streamline your reporting requirements completely, consider using labels and a comprehensive tracking software solution. You can end up generating detailed reports in minutes.

Another advantage of using labels is that you get to simplify inventory management. Inventory management consumes time and a frustrating task your business faces if at all its product oriented. You get endless possibilities when you use labels in conjunction with a management software application dealing with assets. It becomes easier to manipulate data for analysis.

Untagged and unlabeled assets give vandals an opportunity to mess with your valued possession. Therefore, labels prevent items from theft or being tampered with by unauthorized persons. If the products have labels, it would be difficult to resell them. Some labels cannot be reused, and they do break into pieces when they are tempered with. Labels have proved to be a successful method of preventing theft and recovering products which have been stolen.

When it gets down to keeping track of your valuables and their status, consider using asset labels. What you will need is simple tools used for identifying and recording essential business equipment. Labels are a range of materials and styles. As such, they are customizable thus can be used in your logo. Having a backup plan such as register is recommended just in case of events such as fire.

It is wise to have a barcode printed on your labels. Audit checks are more efficient and convenient in the case of barcodes. Barcodes allow the auditing process to be performed quickly by scanning the barcode. When combined with the use of an asset management software, auditing is done quickly.

Labeling your asset is a good practice in any organization. When someone tries to remove a label, it leaves a void mark and as such crooks can have a hard time trying to resell your products if the label is destructible by itself. Also, you can claim your products by scanning the barcode.




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