Fixed Assets Tagging
Asset tagging or asset labeling helps organizations effectively manage and control their physical assets throughout their lifecycle.
What is Asset Tagging?
Asset tagging or asset labeling helps organizations manage physical assets effectively and make informed decisions regarding asset repair, maintenance, or replacement. Asset tags and asset labels also enable accurate asset tracking and help prevent loss or theft by improving visibility and control over physical assets.
Fixed Asset Tagging Methodology and Business Value
Fixed asset tagging is a critical foundation for effective fixed asset management and control. At Tag My Assets, our fixed assets tagging services are designed to provide organizations with a structured, technology-driven approach to asset identification, verification, and lifecycle tracking. By assigning a unique identifier to each fixed asset using QR codes, RFID, or barcode tags, organizations gain real-time visibility into asset location, usage, and condition.
Our fixed assets tagging methodology begins with a detailed assessment of asset categories, locations, and usage patterns. Each asset is physically verified and tagged as per a standardized tagging protocol to ensure consistency across departments and locations. The tagged assets are then mapped to the Fixed Asset Register (FAR), enabling accurate reconciliation and elimination of duplicate, missing, or unrecorded assets. This structured approach strengthens internal controls and improves the reliability of asset records.
Fixed assets tagging also plays a vital role in supporting statutory audits and internal audits. Scan-based verification enables faster physical verification and reduces manual dependency, making the audit process smoother and more efficient. Accurate tagging and asset-level data help organizations maintain audit-ready documentation, simplify CARO reporting requirements, and provide statutory auditors with greater confidence while reviewing asset records.
Beyond compliance, fixed assets tagging delivers long-term operational and financial benefits. By tracking asset usage, movement, maintenance history, and condition, organizations can make informed decisions regarding asset repairs, replacements, and disposals. Reliable asset data supports accurate depreciation calculations, capitalization decisions, and budgeting for future asset investments. This leads to better asset utilization, reduced downtime, and improved return on asset investments.
Tag My Assets’ fixed assets tagging services are scalable and suitable for organizations with a few hundred to millions of fixed assets across manufacturing units, corporate offices, hospitals, educational institutions, and infrastructure-driven environments. By combining domain expertise with advanced tagging technologies, we help organizations build a strong foundation for efficient fixed asset management, improved compliance, and long-term asset governance.
Read our step-by-step process for fixed asset verification when FAR is not maintained: Floor-to-Sheet → Sheet-to-Floor → Reconciliation → Tagging.
👉 Learn how we verify inventory for retail chains with location tagging, rack mapping and barcode/QR scanning:
https://tagmyassets.com/inventory-verification-for-retail-chains/
Additional Key Benefits
Key Benefits of Digitized Asset Tracking for Mission-Critical Assets
- Unique identification and accurate tracking of fixed assets
- Faster physical verification through scan-based assets tagging
- Reduced manual data entry and improved data accuracy
- Better control over asset location, movement, and usage
- Prevention of asset loss, theft, and unauthorized transfers
- Simplified maintenance, repair, and replacement decisions
- Improved reconciliation with the Fixed Asset Register (FAR)
- Audit-ready assets record for accounting and compliances
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+91 96500 03293
connect@tagmyassets.com
Our Process
Global Positioning System (GPS)
Network of satellites orbiting around the Earth and devices that can help determine an object or a person’s location. GPS tracking requires a tracking device installed in a vehicle, on a piece of equipment, or worn by a person. This tracking device for vehicles provides information about its exact location.
QR Code
A quick response (QR) code is a type of barcode that can be read easily by a digital device and which stores information as a series of pixels in a square-shaped grid. QR codes are frequently used to track information about products in a supply chain and often used in marketing and advertising campaigns.
RFID Tags
RFID tags are a type of tracking system that uses radio frequency to search, identify, track, and communicate with items and people. Essentially, RFID tags are smart labels that can store information from serial numbers to short descriptions, and even pages of data.
Barcode
A barcode, consisting of bars and spaces, is a machine-readable representation of numerals and characters. Today, stripes as shown below on packages of products sold at supermarkets, convenience stores and other stores are ubiquitous.
Tag My Assets provides professional tagging of assets services using RFID, QR Code, and Barcode technologies for accurate asset tracking and verification in India.