What are asset tags?

Asset tags are used to identify equipment through the use of a unique bar-code or serial number. They are combined with an asset tracking software programme to monitor and track a variety of physical assets. They provide a foundation to speed up data entry and thus reduce any field entry errors that may occur as well as provide inventory control for companies.

There are two types of assets:

1. Fixed assets – these are infrastructure assets and can include bridges, water and sewer systems, or dams and lighting systems.

2. Movable assets – these refer to physical property, such as equipment or furniture, which are not attached to a building. It also includes business items which are commonly moved, such as scanners, computers and printers.

What are asset tags used for?

Asset tags offer a variety of benefits to businesses and organisations spanning a multitude of industries.

1. To track equipment

Tags are used to track an asset as it moves from place to place. This could be anything that is valuable and needs to be tracked. They’re used for check-in/check-out purposes.

2. Prevent theft/loss prevention

Asset ID tags make it easier for anyone to return a valuable laptop or instrument to the proper owner.

3. Maintenance

Fixed asset tags are great for collecting data regarding routine maintenance and tracking repairs that are due.

4. Inventory control

Asset tags are a critical link as you perform regular audits of your asset list and calculate the value of an asset over its lifetime.

Who uses asset tags?

Healthcare: In hospitals and clinics asset tags are used to track valuable scientific and medical equipment. They enable healthcare providers to provide efficient patient care.

Education: Educational institutions have a variety of assets that can be tracked and monitored with asset tags including laptops, projectors etc.

Government: Government agencies rely on asset tags to monitor, track and map fixed and movable assets, this could be outdoor street signs or even office equipment.

These are only a few examples of the many uses of asset tags. Every business will find asset tags benefit them in some way.