The problem of keeping check on stock or equipment that is moved around from one warehouse to another can be a headache for management, similarly when items are sent out for repair or maybe loaned out. With constant moving around, it is easy for management to lose track of items and for this reason, it is essential for companies to invest in an effective security plan. Asset tags are an effective way of maintaining stock levels and tracking equipment.
Asset tags are probably the way that most companies overcome these difficulties; they are commonly used in commercial establishments and in the retail industry, where many items often need to be tracked. In the retail world we increasingly see asset tags with barcodes and magnets to keep track of stock levels; these reduce the incidence of theft and also switching of price tags, once a very common practice.
In our industry as with many others, technology is improving constantly and new techniques involving asset labels are being developed regularly. Whilst sticky labels are still very popular, barcodes and hologram labels are very widely used. Business has seen that the use of asset tajs has had an impact by making life easier for management and reducing valuable employees time and saving companies money by reducing loss and theft.
With the use of the correct asset tags, inventory management can be made very easy.