Tagging of Assets
Asset tagging or asset labeling helps you to manage the physical capital
What is Asset Tagging?
Asset tagging or asset labeling helps you to manage the physical capital and make it easy to make informed decisions in respect of your physical inventory and asset, whether it be repair or replacement of an asset. Further, asset tags and asset labels are helpful for tracking and preventing theft of physical assets.
Fixed Asset Tagging
Tagging of Fixed Assets Using Various Tags like GPS, RFID, QR and Barcode. Asset tagging allows companies to assign a unique identifier to each asset. Printed with barcodes, asset tags eliminate the need for manual data entry, enabling accurate and efficient inventory tracking and streamlined documentation of activities such as maintenance and repairs. By tracking each asset’s location, maintenance history, usage, and other details, companies can simplify record-keeping and streamline reporting for accounting and tax purposes. For example, complete utilization data makes it easy to calculate depreciation for equipment assets.
Why It’s Important to Tag Your Assets
Tracking assets with the use of digitised tools has long been an essential process for asset-intensive businesses. Tagging mission-critical assets ensure important factors such as:
- Theft Prevention
- Inventory Control
- Real-Time Tracking
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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.