Many companies are now realising the importance of accounting for every asset they own. And the best way that they can do this is by fixing asset tags on these items so that they can be checked easily when monitoring inventory or stock levels.
Why use asset tags?
Assets tags can be used by just about every type of business, from multi-national conglomerates to SMEs. These tags are fitted to each and every item a business owns and the information about the items recorded on a database.
Many insurance companies will want you to provide proof of ownership if you make a claim, and this is easily catered for if you have an asset tagging system in place. On a regular basis your asset team can check the item’s condition, whether it needs to be repaired or replaced and even how often the item is used.
This comprehensive goldmine of information about each and every asset can be used for many things. It can be used for valuation purposes, to check when an item may be due for its regular electrical safety test or even just to check you are still in ownership of the item and it has not been lost or stolen.