Do you hold expensive and valuable assets within your company, like modern high-tech electrical equipment and valuable machinery. If yes, then it is absolutely necessary to affix asset tags onto them. Tagging your assets allows you to track them constantly as well as render them ‘thief-proof’.
Instead of maintaining huge log files for all the equipment you own, you can simply have all the information labeled with a barcode. Whenever required, the information can be scanned via a bar-code scanner